FOR IMMEDIATE RELEASE Media Relations: Paulina Heinkel 332.877.5339 Media.request@iff.com Investor Relations: Michael Bender 212.708.7263 Investor.Relations@iff.com IFF Reports First Quarter 2024 Results NEW YORK - May 6, 2024 - IFF (NYSE: IFF) reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Consolidated Summary: Reported Adjusted (GAAP) (Non-GAAP )1 Operating EBITDA Sales Income Before Taxes EPS Operating EBITDA EPS ex Amortization Margin $2.9 B $115 M $0.23 $578 M ...

International Flavors & Fragrances Inc. (IFF) is scheduled to report first-quarter 2024 results on May 6, after the closing bell.Q4 PerformanceIn the last reported quarter, IFF’s earnings and revenues declined on a year-over-year basis. The company missed the Zacks Consensus Estimate for the top and bottom lines.International Flavors has surpassed earnings estimates in one of the trailing four quarters and missed in the other three, the average negative surprise being 2.7%.Q1 EstimatesThe Zacks Consensus Es ...

Wall Street analysts forecast that International Flavors (IFF) will report quarterly earnings of $0.84 per share in its upcoming release, pointing to a year-over-year decline of 3.5%. It is anticipated that revenues will amount to $2.81 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reas ...

Wall Street expects a year-over-year decline in earnings on lower revenues when International Flavors (IFF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 6, 2024, might help the stock move higher if these key numbers are better than e ...

International Flavors & Fragrances (IFF) revealed that it completed the previously announced sale of its Cosmetic Ingredients business to Clariant. The Cosmetic Ingredients unit includes the Lucas Meyers Cosmetics and IBR brands and operates six research and development, and production sites globally.This marks another step in the company’s ongoing efforts to optimize and streamline its portfolio to drive simplification and growth.  In December 2022, the company announced a new strategic and financial visio ...

International Flavors & Fragrances (IFF) has announced that it has entered into an agreement to sell its Pharma Solutions business to Roquette for an enterprise value of up to $2.85 billion.France-based Roquette specializes in plant-based ingredients. IFF’s Pharma Solutions business is a well-established developer and manufacturer of pharmaceutical excipients and includes its Global Specialty Solutions business, which supports industrial and methyl cellulosic food applications.The unit operates 10 research ...

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced that it has entered into a definitive agreement to sell its Pharma Solutions business unit to French leader of plant-based ingredients Roquette for an enterprise value of up to $2.85 billion, which represents an enterprise value to EBITDA multiple of approximately 13x. IFF’s Pharma Solutions business is a well-established developer and manufacturer of pharmaceutical excipients and includes its Global Specialty Solutions business supporting industria ...

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced the grant of employment inducement awards to J. Erik Fyrwald, IFF Chief Executive Officer and member of the Board of Directors. The Company's Board of Directors approved the employment inducement awards on Jan. 9, 2024, with a grant date of March 1, 2024, as a material inducement to enter into an offer of employment in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08 that requires shareholder app ...

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF)—a world leader in food and beverage, home and personal care, and health—has been named the top American Company for gender equality and tenth globally by Equileap, a leading organization providing data and insights on gender equality in the corporate sector. In its seventh annual Gender Equality Global Report & Ranking, Equileap provides a status update on gender equality in the corporate world, evaluating 19 different criteria that range from the gender pay gap ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 521 West 57th Street, New York, NY 10019-2960 200 Powder Mill Road, Wilmington, DE 19803-2907 (Address of principal executive of ices) (Zip Code) Registrant's telephone ...