---
schema_version: "secwatch.filing_event.v1"
accession: "0000051253-24-000003"
form_type: "8-K"
ticker: "IFF"
cik: "0000051253"
company_name: "INTERNATIONAL FLAVORS & FRAGRANCES INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:31:26.175023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IFF reports Q4 loss of $2.6B on goodwill impairment; adjusted EBITDA up 17%

## Summary
- Q4 sales $2.7B, down 5% YoY; comparable currency neutral sales up 1%.
- Reported loss before taxes $2.64B largely due to $2.6B non-cash goodwill impairment.
- Adjusted operating EBITDA $461M, +17% on comparable currency neutral basis.
- Full year sales $11.5B; reported EPS $(10.05); adjusted EPS ex amortization $3.34.
- CEO highlights dividend policy update to enable faster deleveraging.

## SEC filing metadata
- accession: 0000051253-24-000003
- form_type: 8-K
- ticker: IFF
- cik: 0000051253
- company_name: INTERNATIONAL FLAVORS & FRAGRANCES INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51253/000005125324000003/0000051253-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51253/000005125324000003/iff-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051253-24-000003
- JSON: https://secwatch.observer/filing/0000051253-24-000003.json
- Plain text: https://secwatch.observer/filing/0000051253-24-000003.txt

## Key facts
- Earnings Releases
  INTERNATIONAL FLAVORS & FRAGRANCES INC reported financial results for the quarter and fiscal year ended December 31, 2023.
  - Period: the quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: Attached and being furnished hereby as Exhibit 99.1 is a copy of a press release of International Flavors & Fragrances Inc. (“IFF” or the “Company”), dated February 20, 2024, reporting IFF’s financial results for the quarter and fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000005125324000003/0000051253-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.