International Flavors & Fragrances Inc. (IFF)

NYSE: IFF · IEX Real-Time Price · USD
97.83
+1.32 (1.37%)
May 16, 2024, 4:00 PM EDT - Market closed
1.37%
Market Cap 25.08B
Revenue (ttm) 11.35B
Net Income (ttm) -2.50B
Shares Out 255.35M
EPS (ttm) -9.77
PE Ratio n/a
Forward PE 25.83
Dividend $1.60 (1.64%)
Ex-Dividend Date Jun 21, 2024
Volume 1,484,084
Open 96.51
Previous Close 96.51
Day's Range 96.20 - 98.34
52-Week Range 62.11 - 98.34
Beta 1.22
Analysts Buy
Price Target 93.47 (-4.46%)
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]

Sector Materials
Founded 1833
Employees 21,500
Stock Exchange NYSE
Ticker Symbol IFF
Full Company Profile

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 Statements

Analyst 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 -4.46% from the latest price.

Price Target
$93.47
(-4.46% downside)
Analyst Consensus: Buy
Stock Forecasts

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...

10 days ago - Business Wire

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...

10 days ago - Business Wire

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...

15 days ago - Business Wire

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...

4 weeks ago - Business Wire

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 ...

6 weeks ago - Business Wire

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,...

2 months ago - Business Wire

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 ...

2 months ago - Reuters

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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.

3 months ago - Barrons

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

International Flavors & Fragrances Taps Fyrwald to Succeed Clyburn as Next CEO

Fyrwald most recently served as CEO of Syngenta.

4 months ago - WSJ

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...

4 months ago - Business Wire

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.

4 months ago - Market Watch

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-...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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 ...

7 months ago - Business Wire

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...

9 months ago - Business Wire

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.

10 months ago - Barrons

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.

10 months ago - Market Watch

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...

10 months ago - Business Wire