0000896622-26-000092
SEC filingRevenue grew 10.8% to $982.9M, driven by acquisitions and FX, but operating income fell 5.2% on product mix and higher costs, compressing margins.
Revenue for the first quarter of 2026 was $982.9 million, a 10.8% increase compared to $887.3 million in the prior year period. The growth was primarily attributable to acquisitions and favorable foreign currency translation, while core sales remained flat. The flat core sales reflect mixed performance across end markets, with growth in fragrance and color cosmetics offset by declines in home care and food.
Net cash provided by operating activities increased to $118.7 million from $82.7 million in the prior year, reflecting improved working capital management. Capital expenditures rose to $65.4 million from $56.9 million, supporting capacity expansions and growth initiatives. Free cash flow was $53.3 million. The company's primary uses of cash include investing in equipment and capacity expansions, paying quarterly dividends, and repurchasing shares. A prolonged reduction in capital expenditure levels could increase future repairs and maintenance costs and negatively impact operating margins.