Sensient Technologies (SXT) 8-K Sensient Marks Third Consecutive Quarter of Double-Digit Earnings Increases

FOR IMMEDIATE RELEASE

Contact:     Dick Hobbs
                    (414) 347-3836

Sensient Technologies Corporation

Reports Earnings for the Quarter Ended September 30, 2006

Sensient Marks Third Consecutive Quarter of Double-Digit Earnings Increases

Debt Declines $21 Million on 14% Increase in Quarterly Cash Flow

     MILWAUKEE—October 13, 2006 — Sensient Technologies Corporation (NYSE: SXT) reported revenue of $280.9 million for its third quarter ended September 30, 2006, up 9.5% from the comparable quarter in 2005. Third quarter diluted earnings per share increased 23.3% to 37 cents from 30 cents in last year’s third quarter.

     Revenue for the nine months ended September 30, 2006, rose 7.1%, to $826.0 million from $771.0 million in last year’s first nine months. Diluted earnings per share increased 22.0% to $1.11 compared to $0.91 in the first nine months of the prior year.

     Third quarter cash flow provided by operating activities increased 13.7%, to $37.2 million. Total debt as of September 30, 2006, was $528 million, a reduction of $21 million in the quarter.

     “This marks Sensient’s third consecutive quarter of double-digit earnings increases,” said Kenneth P. Manning, Chairman, President and CEO of Sensient Technologies Corporation. “Our businesses are showing excellent results with the Flavors & Fragrances Group again reporting record quarterly revenues and operating profits.

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Sensient Technologies Corporation
Earnings Release — Third quarter ended September 30, 2006
October 13, 2006 Page 2

     “We are on track for an outstanding year and I expect the Company’s strong performance to continue into next year. In recognition of the Company’s improved results, the Board of Directors has voted to increase our quarterly dividend.”

DIVIDEND INCREASE

     Sensient reported yesterday that its Board of Directors has voted to increase the quarterly cash dividend on its common stock from 15 cents to 16 cents per share. The increase will be effective for the quarterly dividend payable on December 1, 2006, to shareholders of record on November 8, 2006.

BUSINESS REVIEW

     Flavors & Fragrances Group revenue grew 11.1%, to $189.6 million in the quarter ended September 30, 2006, compared to $170.6 million in last year’s third quarter. Quarterly operating income jumped 35.5% to $27.4 million compared to $20.2 million in the third quarter of 2005. Year-to-date revenue and operating income also increased to $548.4 million and $77.5 million, respectively.

     Flavors & Fragrances Group revenue in the quarter benefited from strong demand and improved pricing, particularly in the United States. Flavor sales in China and sales within the fragrances product line were also up. Quarterly profit was boosted by higher sales, favorable product mix and the Company’s cost reduction program.

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Sensient Technologies Corporation
Earnings Release — Third quarter ended September 30, 2006
October 13, 2006 Page 3

     Color Group third quarter revenue increased 6.1% to $87.1 million from last year’s comparable quarter. Third quarter operating profit rose to $13.9 million, an increase of 5.6%. Revenue for the past nine months increased to $266.8 million and operating income was up 7.0% to $45.6 million. Quarterly revenues and profits reflect double-digit growth in the cosmetic product line. Group results also reflect continued growth in food and beverage color sales and an improved cost structure.

2006 OUTLOOK

     Sensient expects reported 2006 diluted earnings per share to be between $1.40 and $1.43. This range represents an increase to the Company’s previously provided earnings guidance of $1.38 to $1.42 per share.

CONFERENCE CALL

     The company will host a conference call to discuss its 2006 third quarter financial results at 10:00 a.m. CDT on Friday, October 13, 2006. To make a reservation for the conference call, please contact InterCall Teleconferencing at (706) 645-6973 and refer to the Sensient Technologies Corporation conference call.

     A replay will be available beginning at 1:00 p.m. CDT on October 13, 2006, through midnight on October 20, 2006, by calling (706) 645-9291 and referring to passcode 7809151. A transcript of the call will also be posted on the company’s web site atwww.sensient-tech.com after the call concludes.

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Sensient Technologies Corporation
Earnings Release — Third quarter ended September 30, 2006
October 13, 2006 Page 4

     This release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, company performance and financial results. A variety of factors could cause the company’s actual results and experience to differ materially from the anticipated results, including, but not limited to the factors noted in this press release and in the Management’s Discussion and Analysis in our most recently filed annual report onForm 10-K for the year ended December 31, 2005, and quarterly report onForm 10-Q for the quarter ended June 30, 2006. The forward-looking statements in this press release speak only as to the date of this release. Sensient Technologies Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations upon which such statements are based.

ABOUT SENSIENT TECHNOLOGIES

     Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks, display imaging chemicals, and other specialty chemicals. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

www.sensient-tech.com

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Sensient Technologies Corporation	Page 5
(In thousands, except percentages and per share amounts)

Consolidated Statements of Earnings

	Three Months Ended September 30,							Nine Months Ended September 30,
	2006		2005		% Change			2006		2005		% Change
Revenue	$	280,878	$	256,416		9.5		$	826,014	$	771,043		7.1
Cost of products sold		197,274		183,267		7.6			577,470		543,674		6.2
Selling and administrative expenses		50,063		45,663		9.6			149,100		144,399		3.3
Operating income		33,541		27,486		22.0			99,444		82,970		19.9
Interest expense		9,091		8,820					26,779		26,446
Earnings before income taxes		24,450		18,666		31.0			72,665		56,524		28.6
Income taxes		7,473		4,538					21,607		13,702
Net earnings	$	16,977	$	14,128		20.2		$	51,058	$	42,822		19.2
Earnings per common share:
Basic	$	0.37	$	0.30		23.3		$	1.11	$	0.91		22.0
Diluted	$	0.37	$	0.30		23.3		$	1.11	$	0.91		22.0
Average common shares outstanding:
Basic		45,909		46,910		(2.1	)		45,856		46,834		(2.1	)
Diluted		46,217		47,170		(2.0	)		46,102		47,173		(2.3	)

Results by Segment

	Three Months Ended September 30,									Nine Months Ended September 30,
	2006			2005			% Change			2006			2005			% Change
Revenue
Flavors & Fragrances	$	189,562		$	170,618			11.1		$	548,375		$	501,511			9.3
Color		87,120			82,116			6.1			266,802			261,290			2.1
Corporate & Other		10,403			10,403			0.0			30,629			30,765			(0.4	)
Intersegment elimination		(6,207	)		(6,721	)		(7.6	)		(19,792	)		(22,523	)		(12.1	)
Consolidated	$	280,878		$	256,416			9.5		$	826,014		$	771,043			7.1
Operating Income
Flavors & Fragrances	$	27,443		$	20,246			35.5		$	77,456		$	63,567			21.8
Color		13,879			13,137			5.6			45,560			42,593			7.0
Corporate & Other		(7,781	)		(5,897	)		31.9			(23,572	)		(23,190	)		1.6
Consolidated	$	33,541		$	27,486			22.0		$	99,444		$	82,970			19.9

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Sensient Technologies Corporation	Page 6
(In thousands, except per share amounts)

Consolidated Condensed Balance Sheets

	September 30,
	2006		2005
Current assets	$	542,213	$	511,878
Intangibles (net)		455,926		440,477
Property, plant and equipment (net)		380,708		377,126
Other assets		54,721		66,534
Total Assets	$	1,433,568	$	1,396,015
Current liabilities	$	259,071	$	194,697
Long-term debt		436,385		491,897
Accrued employee and retiree benefits		46,433		41,290
Other liabilities		7,327		14,117
Shareholders’ equity		684,352		654,014
Total Liabilities and Shareholders’ Equity	$	1,433,568	$	1,396,015

Consolidated Statements of Cash Flows

	Three Months Ended September 30,
	2006			2005
Net cash provided by operating activities	$	37,222		$	32,723
Cash flows from investing activities:
Acquisition of property, plant and equipment		(6,721	)		(8,217	)
Proceeds from sale of assets		14			982
Decrease in other assets		334			393
Net cash used in investing activities		(6,373	)		(6,842	)
Cash flows from financing activities:
Proceeds from additional borrowings		1,481			10,430
Debt and capital lease payments		(26,623	)		(28,979	)
Dividends paid		(6,955	)		(7,090	)
Proceeds from options exercised and other		93			300
Net cash used in financing activities		(32,004	)		(25,339	)
Effect of exchange rate changes on cash and cash equivalents		516			362
Net (decrease) increase in cash and cash equivalents		(639	)		904
Cash and cash equivalents at beginning of period		5,039			3,676
Cash and cash equivalents at end of period	$	4,400		$	4,580

Supplemental Information

	Three Months Ended September 30,
	2006		2005
Depreciation and amortization	$	10,785	$	11,061
Dividends per share	$	0.15	$	0.15