IFF Q2 2024: Sales $2.9B, adj. EBITDA $588M; raises FY sales & EBITDA guidance

INTERNATIONAL FLAVORS & FRAGRANCES INC

2024-Q2 EPS reported $0.90 revenue$5,788,000,000

Q2 reported GAAP EPS $0.66; adjusted EPS ex amortization $1.16.
Adjusted operating EBITDA $588M (20.4% margin) vs $2.9B sales.
Raises full-year 2024 sales and adjusted operating EBITDA guidance.
CEO cites volume growth across all business units and productivity gains.
Increasing investments in R&D, commercial, and digital; targeting margin improvement in functional ingredients.

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