International Flavors & Fragrances

International Flavors & Fragrances, Inc. engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division. The Health & Biosciences business consists of a biotechnology-driven portfolio of enzymes, food cultures, probiotics and specialty ingredients for food, home and personal care, and health and wellness applications. The Scent business creates fragrance compounds, fragrance ingredients and cosmetic ingredients that are integral elements in the world’s finest perfumes and best-known household and personal care products. The Pharma Solutions business produces a vast portfolio including cellulosics and seaweed-based pharma excipients, used to improve the functionality and delivery of active pharmaceutical ingredients, including controlled or modified drug release formulations, and enabling. The company was founded in 1833 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

IFF reports Q4 growth but faces challenges in key markets

IFF's Q4 performance showed growth in sales revenue but a decline in EBITDA
Strategic initiatives aim to drive growth, profitability, and operational efficiency
Challenges include market-specific declines and raw material inflation
Opportunities lie in portfolio optimization, cost reductions, and future growth alignment

IFF reports $3B in sales with challenges in volume growth

IFF's Q1 2023 performance showed sales growth despite volume challenges and EBITDA margin impact.
The company is focused on cost reduction, cash flow improvement, and managing volume-related risks.
Opportunities lie in customer optimism, pricing strategies, and margin improvement expectations.
Challenges include volume declines, segment-specific issues, and potential negative absorption risks.

IFF addresses challenges, focuses on growth opportunities in Q2

IFF navigated challenges in Q2 2023 with a focus on transforming its business, managing costs, and preparing for growth opportunities in 2024.
Despite a decline in sales growth, the company demonstrated confidence in its ability to drive shareholder value creation and improve profitability.
Executives addressed concerns raised by analysts, outlined strategic initiatives, and reaffirmed commitment to maintaining investment grade and ongoing M&A activities.

IFF reports Q3 improvements, eyes revenue targets amid portfolio optimization

IFF's Q3 2023 earnings call highlighted improved volumes, margin expansion, and cash flow enhancement. While facing challenges in certain sales segments, strategic portfolio optimization and operational improvements offer growth opportunities. Meeting revenue guidance and deleveraging targets remain key focus areas for the company.

IFF reports Q4 growth, sets sights on strategic investments

IFF's Q4 2023 performance showed sales growth and EBITDA improvement, with a focus on margin expansion and strategic investments for 2024.
The company's strengths lie in end-to-end accountability, productivity, and a deleverage strategy to achieve targeted financial goals.
Challenges include addressing analyst inquiries, cautious Q1 guidance, and the need to enhance Food ingredients business performance.
Opportunities exist in driving growth through R&D alignment, optimized CapEx, and cash flow management to support investment in growth businesses.

IFF reports robust Q2 results, raises guidance amid strategic focus

IFF's Q2 performance reflects growth across segments and financial stability, supported by a strategic framework and debt reduction strategy.
While challenges like economic uncertainties and debt management persist, opportunities in innovation and market expansion offer avenues for future growth.
Overall, IFF's raised guidance and focus on operational excellence position the company for continued success and value creation.

IFF reports solid Q3 results, focuses on innovation for growth

IFF's Q3 performance reflects strong operational and financial results, driven by growth in key segments and operational efficiency.
The company's strategic focus on innovation, productivity, and customer growth positions it well for future success.
Challenges lie in maintaining growth momentum across all segments amidst market competition and evolving consumer trends.
Opportunities in R&D, emerging markets, and operational enhancements present avenues for sustained growth and market expansion.

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The headline numbers for International Flavors (IFF) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About International Flavors (IFF) Q2 Earnings

International Flavors (IFF) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.86 per share a year ago.

International Flavors (IFF) Beats Q2 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Income Before Taxes   EPS   Operating EBITDA   Operating EBITDA Margin   EPS ex Amortization $2.9 B   $183 M   $0.66   $588 M   20.4%   $1.16 First Six Months 2024 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Income Before Taxes   EPS   Operating EBITDA   Operating EBITDA.

IFF Reports Second Quarter 2024 Results

Get a deeper insight into the potential performance of International Flavors (IFF) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Exploring Analyst Estimates for International Flavors (IFF) Q2 Earnings, Beyond Revenue and EPS

SHANGHAI--(BUSINESS WIRE)--IFF (NYSE: IFF), a global leader in food and beverage, home and personal care, scent, and health—today announced that it aims to complete the renovation and expansion of its facilities in Shanghai Hongqiao Airport Business Park, Shanghai, China. The site will be fully operational by the end of August 2024. The 16,000 square-meter site, named “Shanghai Creative Center,” is IFF's largest in Asia. The project is designed to drive the development of innovative solutions a.

IFF To Open New State-of-the-Art Center for Innovation in Shanghai

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share of its common stock, payable on October 9, 2024 to shareholders of record as of September 20, 2024. Welcome to IFF At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the.

IFF Declares Dividend for Third Quarter 2024

International Flavors' (IFF) Q2 results are likely to reflect the impacts of low consumer spending and customer destocking, offset by its focus on growth.

What's in Store for International Flavors' (IFF) Q2 Earnings?

Stifel analyst Mark S. Astrachan upgraded International Flavors & Fragrances Inc. IFF stock to Buy from Hold with an increased price target of $115 from $95.

IFF's Leverage to Improve by 2025, Sales Momentum to Boost EBITDA, Projects Analyst

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE:IFF) today announced that it will release its second quarter 2024 earnings results following the market close on Tuesday, August 6, 2024. The management team will host a live webcast on Wednesday, August 7, 2024 at 9:00 a.m. ET to discuss results and outlook with the investor community. Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com. For those unable to listen to the live webcast, a recorded v.

IFF to Release Second Quarter 2024 Results on August 6, 2024

Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "Global Plant-based Protein Market by Source (Soy, Wheat, Pea, Canola Oats, Rice & Potato, Beans & Seeds, Fermented Protein), Type (Concentrates, Isolates, Textured), Form (Dry, Liquid), Nature (Conventional, Organic), Application - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global market for plant-based protein is estimated to be valued at USD 14.2 billion in 2024 and is projected to reach USD 20.5 billion by 2029, at a CAGR of 8.1% during the forecast period.

Global Plant-based Protein Industry Report 2024 - ADM, Cargill, International Flavors & Fragrances, Ingredion and Roquette Freres Dominate the Market

International Flavors (IFF) reported earnings 30 days ago. What's next for the stock?

Why Is International Flavors (IFF) Up 2.1% Since Last Earnings Report?

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) today announced the appointment of Margarita Paláu-Hernández to its Board of Directors, effective June 3, 2024. Paláu-Hernández joins as a mutually agreed independent Director in connection with IFF's previously disclosed cooperation agreement with Icahn Capital LP and its affiliates. Following the appointment of Paláu-Hernández, the Board will be comprised of 11 members, ten of which are independent. "We are pleased to welcome Maggie to the IFF Board,.

IFF Appoints Margarita Paláu-Hernández to Board of Directors

NEW YORK--(BUSINESS WIRE)--IFF (NYSE:IFF) today released its 2023 Do More Good Report, describing how the Company is progressing against its environmental, social, governance, and sustainable solutions (or ESG+) strategy across the organization. The report showcases that IFF enabled customers and consumers to avoid approximately 24.6 million tonnes of CO2e emissions using IFF innovations, amongst other achievements. The new report can be experienced by visiting iff.com/domoregoodreport. “Sustai.

IFF Details Sustainability Leadership in 2023 Do More Good Report

International Flavors (IFF) gains from its strategic actions and focus on growth.

International Flavors (IFF) Hits 52-Week High: What's Aiding It?

Examine the evolution of International Flavors' (IFF) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Why International Flavors (IFF) International Revenue Trends Deserve Your Attention

International Flavors (IFF) expects sales for 2024 to be at the higher end of $10.8-$11.1 billion.

International Flavors (IFF) Q1 Earnings Beat, Sales Dip Y/Y

International Flavors & Fragrances Inc. (NYSE:IFF ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Michael DeVeau - Senior Vice President, Corporate Finance & Investor Relations Erik Fyrwald - Chief Executive Officer Glenn Richter - Executive Vice President, Chief Financial & Business Transformation Officer Conference Call Participants Matthew Hettwer - Vertical Research Partners Nicola Tang - BNP Paribas Josh Spector - UBS Mike Sison - Wells Fargo Eric Zhang - Citi David Begleiter - Deutsche Bank Adam Samuelson - Goldman Sachs John Roberts - Mizuho Ghansham Panjabi - Baird Salvator Tiano - Bank of America Lisa De Neve - Morgan Stanley Mark Astrachan - Stifel Lauren Lieberman - Barclays Laurence Alexander - Jefferies Jeff Zekauskas - JPMorgan Operator At this time, I would like to welcome everyone to the IFF First Quarter Earnings Conference Call. [Operator Instructions] I would now like to introduce Michael DeVeau, Head of Investor Relations.

International Flavors & Fragrances Inc. (IFF) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for International Flavors (IFF) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

International Flavors (IFF) Reports Q1 Earnings: What Key Metrics Have to Say

International Flavors (IFF) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.87 per share a year ago.

International Flavors (IFF) Tops Q1 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) today announced that Glenn Richter, IFF's Chief Financial and Business Transformation Officer, plans to retire Dec. 31, 2024 after a three-year tenure with the company. A succession process has been initiated to evaluate internal and external candidates to succeed Richter as CFO. “During his time at IFF, Glenn has driven multiple actions to improve our balance sheet and position the company for financial success,” said Erik Fyrwald, IFF CEO. “We have b.

IFF Chief Financial and Business Transformation Officer Glenn Richter to retire year end 2024

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Income Before Taxes   EPS   Operating EBITDA   Operating EBITDA Margin   EPS ex Amortization $2.9 B   $115 M   $0.23   $578 M   19.9%   $1.13 Management Commentary "We have started the year well, with good results across the majority of our business," said IFF CEO Erik Fyrwald. "In the first quar.

IFF Reports First Quarter 2024 Results

International Flavors (IFF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for International Flavors (IFF)

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share of its common stock, payable on July 10, 2024 to shareholders of record as of June 21, 2024. Welcome to IFF At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty.

IFF Declares Dividend for Second Quarter 2024

International Flavors' (IFF) Q1 results are likely to reflect the impacts of lower volumes and escalating costs.

What's in Store for International Flavors' (IFF) Q1 Earnings?

Get a deeper insight into the potential performance of International Flavors (IFF) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

News for International Flavors & Fragrances Stock (IFF)