---
schema_version: "secwatch.filing_event.v1"
accession: "0000051253-24-000014"
form_type: "8-K"
ticker: "IFF"
cik: "0000051253"
company_name: "INTERNATIONAL FLAVORS & FRAGRANCES INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:34:15.345624+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IFF Q1 2024: Adjusted EBITDA $578M (+20% comparable); expects trend to higher end of guidance

## Summary
- Reported sales $2.9B, down 4% YoY; comparable currency-neutral sales up 5% on mid-single digit volume growth.
- Adjusted operating EBITDA $578M, +20% on comparable basis; adjusted EPS ex amortization $1.13.
- Management says results likely trend toward higher end of FY2024 guidance range.
- Portfolio optimization: agreed to sell Pharma Solutions, completed Cosmetic Ingredients divestiture; dividend rightsized earlier.
- Net debt to credit adjusted EBITDA at 4.4x; free cash flow $(19)M after capex.

## SEC filing metadata
- accession: 0000051253-24-000014
- form_type: 8-K
- ticker: IFF
- cik: 0000051253
- company_name: INTERNATIONAL FLAVORS & FRAGRANCES INC
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/51253/000005125324000014/0000051253-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51253/000005125324000014/iff-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051253-24-000014
- JSON: https://secwatch.observer/filing/0000051253-24-000014.json
- Plain text: https://secwatch.observer/filing/0000051253-24-000014.txt

## Key facts
- Earnings Releases
  INTERNATIONAL FLAVORS & FRAGRANCES INC reported the first quarter ended March 31, 2024 results: revenue $2.9 B, net income $115 M, EPS $0.23. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $2.9 B
  - Net income: $115 M
  - EPS: $0.23
  - Guidance: reaffirmed
  - Result: reported results
  source text: IFF Reports First Quarter 2024 Results NEW YORK - May 6, 2024 - IFF (NYSE: IFF) reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Consolidated Summary: Reported (GAAP) Adjusted (Non-GAAP) 1 Sales Income Before Taxes EPS Operating EBITDA Operating EBITDA Margin EPS ex Amortization $2.9 B $115 M $0.23 $578 M 19.9% $1.13
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000005125324000014/0000051253-24-000014-index.htm

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