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Sensient Technologies Q1 Profit Beats Estimates

N.A.A.C.P. Leader Says ‘a Few Checks’ Can’t Fix Structural Racism

“There is a responsibility of corporations to ensure that we maintain a stable democracy,” Derrick Johnson said.

Derrick JohnsonCredit…William Widmer for The New York Times

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By David Gelles

Kawasaki USA Recalls All-Terrain, Off-Highway Utility Vehicles

Kawasaki Motors Corp. U.S.A. has recalled certain all-terrain as well as recreational off-highway utility vehicles citing fire risks, the U.S. Consumer Product Safety Commission said.

The company recalled about 100 units of TERYX four-wheel off-highway vehicles or ROVs. The recall involves 2021 Teryx S LE, Teryx4, Teryx4 LE, Teryx4 S LE, and Teryx4 S LE CAMO. The vehicles sold in camo, camo gray, green, blue, and red have side-by-side seating for two to four people.

Further, about 70 units of BRUTE FORCE 750 All-Terrain Vehicles or ATVs were recalled. The four-wheel all-terrain vehicles were sold in camo gray, bright white and camo.

Both ROVs and ATVs were manufactured by Kawasaki Motors Manufacturing Corp. U.S.A., and sold at Kawasaki dealers nationwide in March 2021. ROVs were sold for between about $16,000 and $17,900, and ATVs were sold for between about $10,000 and $10,600.

According to the agency, both set of vehicles’ fuel pump retainer plate bolts can come loose causing fuel leakage over time, posing a fire hazard.

However, the Foothill Ranch, California-based company has not received reports of any incidents or injuries to date.

Consumers are asked to contact a Kawasaki dealer to schedule a free repair to replace the fuel pump retainer plate bolts.

Private Equity’s Favorite Tax Break May Be in Danger

President Biden is weighing an end to the carried interest loophole.

By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

Closing loopholes

Kimberly-Clark Corp Q1 adjusted earnings Miss Estimates

Kimberly-Clark Corp (KMB) reported earnings for first quarter that fell from the same period last year.

The company’s earnings came in at $584 million, or $1.72 per share. This compares with $660 million, or $1.92 per share, in last year’s first quarter.

Excluding items, Kimberly-Clark Corp reported adjusted earnings of $610 million or $1.80 per share for the period.

Analysts had expected the company to earn $1.93 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 5.4% to $4.74 billion from $5.01 billion last year.

Kimberly-Clark Corp earnings at a glance:

-Earnings (Q1): $610 Mln. vs. $734 Mln. last year.
-EPS (Q1): $1.80 vs. $2.13 last year.
-Analysts Estimate: $1.93
-Revenue (Q1): $4.74 Bln vs. $5.01 Bln last year.

-Guidance:
Full year EPS guidance: $7.30 to $7.55

Jailed Putin critic Alexei Navalny says he will start to end his hunger strike

Russian opposition politician Alexei Navalny said Friday he will start to end the hunger strike he began on March 31.

Navalny, one of Russian President Vladimir Putin's most vocal critics in recent years, was transferred to a prison hospital on April 19, three weeks into a hunger strike. He had been protesting against his treatment in prison, saying he had been denied urgent medical treatment.

Russian authorities had previously said that they offered Navalny proper medical care but that he continued to refuse it. The prison had declined to allow a doctor of Navalny's choice from outside of the facility to administer his treatment.

A Russian court in February sentenced Navalny to more than two years in jail for parole violations, charges he said were politically motivated.

At the weekend, the 44-year-old activist's doctors warned that Navalny was in danger of a heart attack or kidney failure. The physicians had not been able to visit Navalny in prison, but said medical tests provided by Navalny's family showed he was dangerously ill and "could die at any moment."

This is a breaking news story, please check back later for more.

Sensient Technologies Q1 Profit Beats Estimates

Sensient Technologies Corporation (SXT) reported first quarter adjusted earnings per share of $0.77 compared to $0.72, last year, an improvement of 6.9%. Analysts polled by Thomson Reuters expected the company to report profit per share of $0.74, for the quarter. Analysts’ estimates typically exclude special items.

First quarter reported operating income was $46.9 million compared to $34.6 million, last year. Reported earnings per share was $0.75 compared to $0.49.

First quarter consolidated revenue was $359.7 million compared to $350.7 million, a year ago. Adjusted revenue was $334.13 million, up 6.4%. Analysts expected revenue of $314.78 million, for the quarter.

Sensient reconfirmed its 2021 guidance for GAAP earnings per share to grow at a mid to high single digit growth rate. The company also reconfirmed its 2021 adjusted local currency revenue to grow at a low to mid-single digit rate and adjusted local currency EBITDA to grow at a mid-single digit rate. The company continues to project, on a local currency basis, 2021 adjusted earnings per share to grow at a mid-single digit growth rate.