Sensient Technologies Corporation (SXT)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	129,851	164,738	170,322	177,244	182,204	183,446	183,546	163,816	157,484	151,232	144,969	151,055	137,845	87,394	83,588	87,239	101,003	159,954	170,959	175,417
Revenue (ttm)	US$ in thousands	1,430,648	1,432,436	1,432,305	1,432,967	1,422,547	1,416,171	1,400,017	1,363,899	1,367,431	1,361,130	1,339,949	1,326,926	1,317,174	1,299,821	1,292,466	1,306,970	1,302,766	1,308,327	1,332,940	1,356,440
Pretax margin		9.08%	11.50%	11.89%	12.37%	12.81%	12.95%	13.11%	12.01%	11.52%	11.11%	10.82%	11.38%	10.47%	6.72%	6.47%	6.67%	7.75%	12.23%	12.83%	12.93%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $129,851K ÷ $1,430,648K
= 9.08%

Sensient Technologies Corp.'s pretax margin has shown fluctuating trends over the past eight quarters, ranging from a low of 8.92% in Q4 2023 to a high of 13.00% in Q2 2022. The company's pretax margin peaked in the second quarter of 2022 at 13.00% before experiencing a downward trend in the subsequent quarters. Despite the recent decline, the pretax margin remains relatively healthy, indicating the company's ability to generate profits before accounting for taxes and other expenses. It is important to monitor future financial performance to assess whether the fluctuations in pretax margin are temporary or indicative of underlying operational challenges.