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

International Flavors (IFF) Up 9.2% Since Last Earnings Report: Can It Continue?

International Flavors & Fragrances has been struggling since its acquisition of a big chunk of the DuPont business, with growth coming to a standstill and costs rising rapidly. The company has divested some businesses to tackle its high leverage, but sales and earnings have consistently missed targets, and quite frankly have come down. Shares of IFF have fallen further after a disappointing earnings report, raising concerns about the company's high debt and dividend.

International Flavors & Fragrances: A Bad Smell

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NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) today announced that Chief Executive Officer Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 7, 2023 at 9:00 a.m. ET. Investors may access the live webcast 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. Welcome to IFF At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosc.

IFF to Webcast Fireside Chat at Barclays Global Consumer Staples Conference on Sept. 7

International Flavors (IFF) opens a facility in New Century to expand its innovation footprint.

International Flavors (IFF) Announces Creative Center Completion

International Flavors' (IFF) Q2 earnings and sales fall year over year on lower volumes. The company lowers its sales guidance for 2023, anticipating a slow recovery in volumes.

International Flavors (IFF) Misses on Q2 Earnings, Lowers View

International Flavors & Fragrances Inc. (NYSE:IFF ) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Michael DeVeau - Senior Vice President, Corporate Finance & Investor Relations Frank Clyburn - Chief Executive Officer Glenn Richter - Executive Vice President, Chief Financial & Business Transformation Officer Conference Call Participants Adam Samuelson - Goldman Sachs Ghansham Panjabi - Baird Mark Astrachan - Stifel Gunther Zechmann - Bernstein Josh Spector - UBS Nicola Tang - BNP Paribas John Roberts - Credit Suisse Harris Fein - Mizuho Patrick Cunningham - Citi Mike Sison - Wells Fargo Lisa De Neve - Morgan Stanley Lauren Lieberman - Barclays Matthew DeYoe - Bank of America Laurence Alexander - Jefferies Silke Kueck - JPMorgan Andrew Keches - Barclays Operator Good morning. Thank you for attending today's IFF Second Quarter Conference Call.

International Flavors & Fragrances Inc. (IFF) Q2 2023 Earnings Call Transcript

The stock fell Tuesday after the scent and flavor maker cut its full-year sales outlook.

International Flavors Stock Is the Worst Performer in the S&P 500. Here's Why.

While the top- and bottom-line numbers for International Flavors (IFF) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

International Flavors (IFF) Reports Q2 Earnings: What Key Metrics Have to Say

International Flavors (IFF) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.54 per share a year ago.

International Flavors (IFF) Misses Q2 Earnings and Revenue Estimates

International Flavors & Fragrances Inc. shares fell off a cliff in the extended session Monday after the company said higher inventory costs nearly doubled, and cut its sales forecast for the year.

IFF stock plunges 20% as inventory costs fuel big miss, sales outlook cut

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Income Before Taxes   EPS   Operating EBITDA   Operating EBITDA Margin   EPS ex Amortization $2.9 B   $50 M   $0.11   $510 M   17.4%   $0.86 First Six Months 2023 Consolidated Summary: Reported (GAAP)   Adjusted (Non-GAAP)1 Sales   Income Before Taxes   EPS   Operating EBITDA   Operating EBITDA.

IFF Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional journey. Yep will be succeeded by Dr. Casper Vroemen—Vice President of R&D, Health & Biosciences—who has dedicated his career to the advancement and commercialization of leading-edge biotechnology. Vroemen will be based in Union Beach, New Jersey, and will become part of IFF's Executive L.

IFF Announces Dr. Casper Vroemen to Succeed Dr. Gregory Yep as Chief R&D and Sustainability Officer

NEW YORK--(BUSINESS WIRE)--IFF (NYSE:IFF) today announced that it successfully completed the previously announced divestiture of its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, on August 1, 2023. “The sale of our FSI business unit is another step in our journey to continuously maximize value,” said Frank Clyburn, IFF CEO. “Portfolio optimization is a central part of our ongoing strategy to improve growth and returns. This focus allows us to c.

IFF Completes Divestiture of Flavor Specialty Ingredients Business

NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE:IFF) today announced that it will release its second quarter 2023 earnings results following the market close on Monday, August 7, 2023. The management team will host a live webcast on Tuesday, August 8, 2023 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 vers.

IFF to Release Second Quarter 2023 Results August 7

International Flavors & Fragrances stock is down by 20% YTD, While the S&P 500 is up by double digits. IFF's dominant market position and heavy R&D spending should fuel future growth. According to my valuation, IFF is currently trading at a 31% discount.

International Flavors & Fragrances Stock: A Compelling Long Idea

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International Flavors (IFF) is set to gain on pricing actions, productivity initiatives and investments in growth and acquisitions.

Strategic Plan Aids International Flavors (IFF) Amid Low Volumes

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NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced that Yuvraj Arora, currently President, U.S. Categories for Kellogg North America, will join IFF as President, Nourish, effective June 19, 2023. Arora brings more than 25 years of multinational CPG experience to IFF's Executive Leadership Team, mostly recently leading Kellogg's $7 billion U.S. portfolio through a period of strong growth and portfolio transformation. IFF today also announced the leadership structure to support the transi.

IFF Names New President of Nourish and Introduces Leadership Structure Aligned to New Operating Model

International Flavors & Fragrances (IFF) divests its underperforming Savory Solutions Group and intends to utilize the proceeds to lower debt levels.

International Flavors (IFF) Divests Savory Solutions Business

NEW YORK--(BUSINESS WIRE)--IFF (NYSE:IFF) today announced that it has successfully completed the previously announced divestiture of its Savory Solutions business unit to PAI Partners (PAI), a leading global private equity firm with a strong focus on the food and consumer industry. Under PAI ownership, Savory Solutions Group has been rebranded to NovaTaste, a global leader in taste innovation with headquarters in Salzburg, Austria. “The sale of IFF's Savory Solutions Group represents our contin.

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