International Flavors & Fragrances Inc. (IFF)
Market Cap | 25.46B |
Revenue (ttm) | 11.35B |
Net Income (ttm) | -2.50B |
Shares Out | 255.35M |
EPS (ttm) | -9.77 |
PE Ratio | n/a |
Forward PE | 25.75 |
Dividend | $1.60 (1.61%) |
Ex-Dividend Date | Jun 21, 2024 |
Volume | 1,349,147 |
Open | 98.17 |
Previous Close | 97.83 |
Day's Range | 97.63 - 99.83 |
52-Week Range | 62.11 - 99.75 |
Beta | 1.22 |
Analysts | Buy |
Price Target | 93.47 (-6.24%) |
Earnings Date | May 6, 2024 |
About IFF
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions. The Nourish segment offers natural and plant-based specialty food ingredients, such as flavor compounds used in savory products; beverages; sweets; and dairy products. It also provides value-added spices and seasoning ingred... [Read more]
Financial Performance
In 2023, IFF's revenue was $11.48 billion, a decrease of -7.73% compared to the previous year's $12.44 billion. Losses were -$2.57 billion, 37.2% more than in 2022.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for IFF stock is "Buy." The 12-month stock price forecast is $93.47, which is a decrease of -6.24% from the latest price.
News
IFF Chief Financial and Business Transformation Officer Glenn Richter to retire year end 2024
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 tenu...
IFF Reports First Quarter 2024 Results
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...
IFF Declares Dividend for Second Quarter 2024
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, 202...
IFF to Release First Quarter 2024 Results on May 6, 2024
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE:IFF) today announced that it will release its first quarter 2024 earnings results following the market close on Monday, May 6, 2024. The management team w...
IFF Completes Divestiture of Cosmetics Ingredients Business
NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced that it has completed the previously announced divestiture of its Cosmetic Ingredients business to Clariant, a sustainably focused specialty ...
IFF Names Ana Paula Mendonça President, Scent
NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced Ana Paula Mendonça—who has dedicated her career to the advancement and commercialization of fragrance—has been named President of Scent, IFF,...
International Flavors & Fragrances to sell pharma unit in $2.85 bln deal
International Flavors & Fragrances said on Tuesday it would sell its pharma solutions business to French plant-based ingredients maker Roquette in a deal valued at $2.85 billion, as it looks to focus ...
IFF Announces Sale of its Pharma Solutions Business to Roquette
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 Roquet...
IFF Announces Grant of Employment Inducement Awards
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...
International Flavors & Fragrances Cuts Dividend as Outlook Doesn't Pass the Smell Test
International Flavors expects 2024 revenue of between $10.8 billion and $11.1 billion, below analysts' consensus.
IFF Reports Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)---- $IFF--International Flavors & Fragrances Inc. (NYSE: IFF) reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Con...
IFF to Release Fourth Quarter and Full Year 2023 Results on Feb. 20, 2024; IFF to Present at 2024 CAGNY Conference on Feb. 22, 2024
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE:IFF) today announced that it will release its fourth quarter and full year 2023 earnings results following the market close on Tuesday, Feb. 20, 2024. The...
IFF Partners with Environmental NGO Bellona to Restore Norwegian Seaweed Forests
SANDVIKA, Norway--(BUSINESS WIRE)--IFF (NYSE: IFF), a global leader in food and beverage, home and personal care and health, today announced its partnership with environmental non-governmental organiz...
International Flavors & Fragrances Taps Fyrwald to Succeed Clyburn as Next CEO
Fyrwald most recently served as CEO of Syngenta.
IFF Appoints J. Erik Fyrwald as Chief Executive Officer and Board Director; Reaffirms Full Year 2023 Financial Guidance
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) today announced the appointment of J. Erik Fyrwald to succeed Frank Clyburn as Chief Executive Officer and member of the IFF Board of Directors, eff...
Tax-loss selling makes these stocks in cannabis, pharma, energy and industrials worth buying
In an annual year-end ritual, investors have dumped many of their stock losers to offset taxable gains. This so-called “tax loss selling” can create buying opportunities in promising names.
IFF Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Consolidated Summary: Reported (GAAP) Adjusted (Non-...
IFF Announces Continuation of Cooperation Agreement with Icahn Capital
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates. Icahn Capital and IFF have agreed to renomin...
IFF Declares Dividend for Fourth Quarter 2023
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on January 8, 2...
IFF Announces Clariant Has Agreed to Purchase IFF's Cosmetic Ingredients Business Unit
NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF's Cosmetic Ingredients business unit for $810 milli...
IFF to Release Third Quarter 2023 Results November 6
NEW YORK--(BUSINESS WIRE)---- $IFF--IFF (NYSE:IFF) today announced that it will release its third quarter 2023 earnings results following the market close on Monday, Nov. 6, 2023. The management team ...
IFF to Webcast Fireside Chat at Barclays Global Consumer Staples Conference on Sept. 7
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...
International Flavors Stock Is the Worst Performer in the S&P 500. Here's Why.
The stock fell Tuesday after the scent and flavor maker cut its full-year sales outlook.
IFF stock plunges 20% as inventory costs fuel big miss, sales outlook cut
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 Reports Second Quarter 2023 Results
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-GAA...