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The stock fell Tuesday after the scent and flavor maker cut its full-year sales outlook.
While the top- and bottom-line numbers for International Flavors (IFF) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
International Flavors (IFF) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.54 per share a year ago.
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.
International Flavors (IFF) is set to gain on pricing actions, productivity initiatives and investments in growth and acquisitions.
International Flavors & Fragrances (IFF) divests its underperforming Savory Solutions Group and intends to utilize the proceeds to lower debt levels.
Pricing actions, productivity initiatives and investment in growth and acquisitions remain key drivers for International Flavors (IFF).
Stanley Black & Decker and IIF have historically high dividend yields of 4% and 3.6%, respectively. The pandemic upended both companies, but they are working through it.
International Flavors & Fragrances Inc. (NYSE:IFF ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Michael DeVeau - Senior Vice President, Corporate Finance & Investor Relations Frank Clyburn - Chief Executive Officer Glenn Richter - Executive Vice President, Chief Financial & Business Transformation Officer Conference Call Participants Heidi Vesterinen - BNP Paribas Mark Astrachan - Stifel Gunther Zechmann - Bernstein John Roberts - Credit Suisse Lucas Beaumont - UBS Ghansham Panjabi - Baird Andrew Keches - Barclays Christopher Parkinson - Mizuho Lauren Lieberman - Barclays Matthew DeYoe - Bank of America Operator Good morning. At this time, I would like to welcome everyone to the IFF First Quarter 2023 Earnings Conference Call.
International Flavors' (IFF) Q1 earnings and sales fall y/y on lower volumes.