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.

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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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NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced the next phase of the evolution of its Board of Directors, to support the ongoing execution of the company's strategic transformation and long-term financial vision. Kevin O'Byrne, Chief Financial Officer and director of J Sainsbury Plc, has been appointed to join the IFF Board, effective March 10, 2023.

IFF Announces Further Evolution of its Board of Directors

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced it has entered into an agreement to sell its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, for $220 million in cash proceeds. FSI reports through IFF's Scent division and is a leading manufacturer of synthetic and natural base aroma chemicals used in the flavor market. Cash proceeds from the transaction, net of taxes and expenses, will be used to reduce outstanding debt.

IFF Announces the Sale of Flavor Specialty Ingredients Business to Exponent

International Flavors and Fragrances' stock (NYSE: IFF), a manufacturer of flavor and fragrance compounds used to improve the flavor or fragrance in a variety of consumer products, has declined by about 15% over the last five trading days (one week) and currently stands at around $96.

International Flavors Stock Down 15% Over Last Week. What's Next?

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) announced today that the Company's management will speak at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida, on Thursday, Feb. 23 at 1:00 PM ET. 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 version will be made available for replay.

IFF to Present at 2023 CAGNY Conference

International Flavors & Fragrances Inc. (NYSE:IFF ) Q4 2022 Earnings Conference Call February 9, 2023 9:00 AM ET Company Participants Michael DeVeau – Head Investor Relations Frank Clyburn – Chief Executive Officer Glenn Richter – Executive Vice President, Chief Financial Officer Conference Call Participants Heidi Vesterinen – BNP Paribas Gunther Zechmann – Bernstein Mike Sison – Wells Fargo Josh Spector – UBS Ghansham Panjabi – Baird John Roberts – Credit Suisse David Begleiter – Deutsche Bank Mark Astrachan – Stifel Adam Samuelson – Goldman Sachs Jonathan Feeney – Consumer Edge Christopher Parkinson – Mizuho Jeff Zekauskas – JPMorgan Lauren Lieberman – Barclays Operator I would like to welcome everyone to the IFF Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in a listen-only mode into the formal Q&A portion of the call.

International Flavors & Fragrances Inc. (IFF) Q4 2022 Earnings Call Transcript

International Flavors'(IFF) fourth-quarter earnings surpass estimates, whereas revenues miss the same.

International Flavors (IFF) Q4 Earnings Top Estimates, Down Y/Y

International Flavors (IFF) delivered earnings and revenue surprises of 3.19% and 1.20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

International Flavors (IFF) Surpasses Q4 Earnings Estimates

NEW YORK--(BUSINESS WIRE)---- $IFF--International Flavors & Fragrances Inc. (NYSE: IFF) reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Loss Before Taxes   EPS   Operating EBITDA   Operating EBITDA Margin   EPS ex Amortization $2.8 B   $(5) M   $0.01   $441 M   15.5%   $0.

IFF Reports Fourth Quarter and Full Year 2022 Results

International Flavors' (IFF) Q4 results are likely to reflect the impacts of lower volumes and escalating costs.

What's in Store for International Flavors' (IFF) Q4 Earnings?

NEW YORK--( BUSINESS WIRE )--IFF (NYSE: IFF) today outlined the recent changes to its Board of Directors, consistent with its plans to evolve its Board in line with best-in-class corporate governance standards, announced in connection with its long-term strategic and financial vision on Dec. 7, 2022.

IFF Provides Update on Evolution of Board of Directors

NEW YORK--( BUSINESS WIRE )--IFF (NYSE: IFF) today announced the appointment of Gary Hu to the Company's Board of Directors, effective Feb. 1, 2023. Hu, a portfolio manager at Icahn Capital, will be appointed to the Board's Audit and Transaction Committees. In connection with this appointment, IFF has entered into a cooperation agreement with Icahn Capital LP and its affiliates.

IFF Appoints Gary Hu to Board of Directors

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International Flavors (IFF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: International Flavors (IFF) Q4 Earnings Expected to Decline

Ill-timed and overvalued acquisitions have increased debt. The company is actively looking at ways to deleverage.

International Flavors & Fragrances: More Asset Sales May Be Inevitable

NEW YORK--( BUSINESS WIRE )--IFF (NYSE: IFF) today announced the appointment of accomplished consumer products industry executive Dawn Willoughby to the Company's Board of Directors as an independent director, effective Feb. 1, 2023. Willoughby, who most recently served as executive vice president and chief operating officer of The Clorox Company, brings an impressive track record of driving sustainable, profitable growth with a focus on innovation and sustainability for global consumer businesses.

IFF Appoints Dawn Willoughby to Board of Directors

NEW YORK--( BUSINESS WIRE )--IFF (NYSE:IFF) today announced that it will release its fourth quarter & full year 2022 earnings results following the market close on Wednesday, Feb 8, 2023. The management team will host a live webcast on Thursday, Feb. 9, 2023 at 9:00 a.m. ET to discuss results and outlook with the investor community.

IFF to Release Fourth Quarter and Full Year 2022 Results February 8

International Flavors' (IFF) LMR Naturals discloses findings of evaluating the carbon footprint of natural fragrance ingredients.

International Flavors (IFF) Evaluates Footprint of Ingredients

International Flavors (IFF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why International Flavors (IFF) is Poised to Beat Earnings Estimates Again

NEW YORK--( BUSINESS WIRE )--IFF (NYSE:IFF) today announced it has qualified for the third consecutive year as a constituent of the Dow Jones Sustainability Indices (DJSI), a family of benchmarks widely regarded as one of the world's leading tools for investors to integrate sustainability considerations into their portfolios to increase long-term shareholder value. Named to both the 2022 World Index and the North America Index, IFF is the only company in its industry to be included.

IFF Recognized for Achieving Sustainability Leadership Throughout Transformational Year

NEW YORK--( BUSINESS WIRE )--Philippe Horvath—renowned molecular biologist and IFF technical fellow—is being inducted into the National Inventors Hall of Fame® Class of 2023. Horvath will be formally honored for two patents related to CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) sequences and associated Cas proteins, that constitute an acquired immune system in bacteria. Applying this research to enhance starter cultures in the dairy industry, Horvath and research partner Rodolphe Barrangou improved the world's food supply and laid the foundation for the field of gene editing. The formal induction will take place during a ceremony in October 2023 in Washington, D.C.

IFF's Philippe Horvath Inducted into The National Inventors Hall of Fame

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International Flavors & Fragrances (IFF) enters into an agreement to sell its underperforming Savory Solutions Group and intends to utilize the proceeds to lower debt levels.

International Flavors (IFF) to Sell Savory Solutions Group

International Flavors & Fragrances Inc. IFF, -1.41% has announced a deal to sell its Savory Solutions Group to private equity firm PAI Partners for $900 million. The Savory Solutions Group focuses mainly on ingredients for prepared foods and foodservice, including products for butchers, and plant-based solutions for the vegan and vegetarian markets.

IFF will sell Savory Solutions Group to private equity firm PAI Partners for $900 mln

NEW YORK--( BUSINESS WIRE )--IFF (NYSE: IFF) today announced it has entered into an agreement to sell its Savory Solutions Group to PAI Partners, a leading global private equity firm with a strong focus on the food and consumer industry. The transaction values the business at approximately $900 million and cash proceeds net of taxes and expenses will be primarily used to reduce outstanding debt.

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