earnings
confidence high
sentiment positive
materiality 0.75
IFF Q3 sales up 4% to $2.93B, adj. EBITDA $568M, raises FY 2024 guidance
INTERNATIONAL FLAVORS & FRAGRANCES INC
2024-Q3 EPS reported
$1.13
revenue$8,713,000,000
- GAAP EPS $0.23 vs. $0.28 last year; adjusted EPS ex-amortization $1.04, up from $0.81.
- Currency-neutral comparable sales +9% YoY, driven by double-digit growth in Health & Biosciences and Scent.
- Volume recovered high-single digits across all four business segments; Nourish and Pharma also positive.
- Adjusted operating EBITDA $568M (19.4% margin) vs. $497M (17.5%) in Q3 2023.
- Company raising full-year 2024 financial guidance citing Q3 strength and cautious Q4 optimism.