International Flavors & Fragrances Inc. (IFF)
Market Cap | 21.40B |
Revenue (ttm) | 11.48B |
Net Income (ttm) | -2.57B |
Shares Out | 255.32M |
EPS (ttm) | -10.05 |
PE Ratio | n/a |
Forward PE | 22.85 |
Dividend | $2.83 (3.38%) |
Ex-Dividend Date | Mar 21, 2024 |
Volume | 2,400,680 |
Open | 82.50 |
Previous Close | 82.85 |
Day's Range | 82.05 - 84.48 |
52-Week Range | 62.11 - 97.49 |
Beta | 1.23 |
Analysts | Hold |
Price Target | 81.67 (-2.55%) |
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 17 analysts, the average rating for IFF stock is "Hold." The 12-month stock price forecast is $81.67, which is a decrease of -2.55% from the latest price.
News
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...
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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...
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 announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional jo...
IFF Completes Divestiture of Flavor Specialty Ingredients Business
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 ...
IFF to Release Second Quarter 2023 Results August 7
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 te...
2 Stocks in Daniel Loeb's Portfolio Approach 52-Week Lows
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These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Intl Flavors & Fragrances (NYSE:IFF), Dow (NYSE:DOW)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
IFF Names New President of Nourish and Introduces Leadership Structure Aligned to New Operating Model
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, 20...
IFF Completed Divestiture of 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...
IFF Highlights Progress Against ESG+ Strategy in New Do More Good Report
NEW YORK--(BUSINESS WIRE)--IFF (NYSE:IFF) today released its 2022 Do More Good Report, which highlights performance and progress against goals set forth in the Do More Good Plan, the Company's environ...