The Board of Directors of Sensient Technologies Corporation has declared a regular quarterly cash dividend on its common stock of $0.23 per share, an increase of $0.01 per share per quarter. The cash dividend will be paid on June 3, 2013, to shareholders of record on May 9, 2013.

Sensient Technologies Corporation reported consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue of $365,640,000 against $365,660,000 for the same period in the last year. Operating income was $36,338,000 against $46,489,000 for the same period in the last year. Earnings before income taxes were $32,077,000 against $42,083,000 for the same period in the last year. Net earnings were $21,439,000 or $0.43 per basic and diluted share against $28,906,000 or $0.58 per basic and diluted share for the same period in the last year. Adjusted operating income increased 5.6% to $49.1 million, from $46.5 million in the first quarter of 2012. Adjusted earnings before income taxes were $44,850,000 and adjusted net earnings were $30,846,000 or $0.62 per basic and diluted share for the first quarter of 2013. Net cash provided by operating activities was $25,589,000 against $8,978,000 for the same period in the last year. The improvement was primarily due to lower use of cash for operating assets and liabilities, particularly inventories. The company will continue to make strategic investments in its operations to expand its capabilities and improve efficiencies. Acquisition of property, plant and equipment was $21,039,000 against $16,939,000 for the same period in the last year. The company has increased its guidance for 2013 diluted earnings per share, which is now expected to be between $2.66 and $2.73, excluding the impact of the restructuring charge. The company's previous guidance had been a range of $2.64 to $2.72 per share, excluding the restructuring charge. In conjunction with the consolidation of selected operations resulting from the profit improvement plan, now the company is estimating that capital expenditures for 2013 will be in the range of $100 million to $110 million.

Sensient Technologies Corporation announced that it has entered into an agreement with investors for the issuance of USD 75 million and EUR 38 million in ten year, fixed-rate, senior notes. The debt will mature in November 2023. Proceeds from the offering will be used to repay maturing notes and bank debt.