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International Flavors & Fragrances Inc. - IFF STOCK NEWS

Welcome to our dedicated news page for International Flavors & Fragrances (Ticker: IFF), a resource for investors and traders seeking the latest updates and insights on International Flavors & Fragrances.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect International Flavors & Fragrances's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of International Flavors & Fragrances's position in the market.

Rhea-AI Summary
IFF (NYSE:IFF) will release its first quarter 2024 earnings results on May 6, 2024, followed by a live webcast on May 7, 2024. IFF is a global leader in food, beverage, health, biosciences, and scent industries, focusing on creating essential solutions for a better world through science and creativity.
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End-of-Day
-0.13%
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IFF completes divestiture of Cosmetic Ingredients business to Clariant, focusing on strategic transformation and debt reduction. CEO Erik Fyrwald emphasizes innovation and growth investments.
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1.48%
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IFF to showcase latest advancements in excipient technology at CPhI Japan 2024
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-0.7%
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Ana Paula Mendonça appointed as President of Scent at IFF, bringing extensive fragrance expertise. Mendonça to lead industry-leading Scent business unit, focusing on fine fragrance, consumer fragrance, and fragrance ingredients. Mendonça's background includes roles in category management, global marketing, and product innovation. Mendonça's appointment aims to strengthen innovation and drive sustainable growth at IFF.
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End-of-Day
-0.71%
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IFF (NYSE: IFF) announces the sale of its Pharma Solutions business unit to Roquette for up to $2.85 billion, aiming to reduce debt leverage and focus on core growth drivers. The transaction is expected to close in the first half of 2025.
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End-of-Day
-0.91%
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IFF launches an advertising campaign showcasing perfumery artistry, featuring iconic brand elements and historical significance. The campaign celebrates perfumers' craft and emotional impact of scents on consumers.
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End-of-Day
0.21%
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IFF (NYSE: IFF) announces employment inducement awards to CEO J. Erik Fyrwald. The awards include performance share units and restricted stock units, totaling a potential combined payout of 228,125 shares. The awards are subject to specific performance metrics and vesting conditions.
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Rhea-AI Sentiment
End-of-Day
0.21%
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IFF receives approval for commercialization of genetically modified yeasts to enhance corn ethanol production in Argentina, potentially increasing efficiency by up to three percent. The approval from the Argentine Secretary of Agriculture is expected to boost corn ethanol production in the country.
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-1.65%
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International Flavors & Fragrances Inc. (IFF) reported financial results for Q4 and full year 2023, with net sales of $2.7B and $11.5B respectively. The company experienced a loss before taxes of $2.6B for Q4 and $2.5B for the full year. Adjusted operating EBITDA showed growth in Q4 but declined for the full year. CEO Erik Fyrwald highlighted improved volume and EBITDA growth, along with a new dividend policy aiming for faster deleveraging. However, a non-cash goodwill impairment charge of $2.6B impacted the financials.
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Rhea-AI Sentiment
End-of-Day
-6.4%
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IFF announces the promotion of three talented perfumers, Patricia Hidalgo, Joa Kim, and Birgit Sijbrands, to vice president perfumers. These exceptional individuals bring decades of experience, creativity, and innovation to the fragrance industry, setting new standards for excellence.
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Rhea-AI Sentiment
End-of-Day
2.09%
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International Flavors & Fragrances Inc.

NYSE:IFF

IFF Rankings

IFF Stock Data

21.35B
254.71M
0.05%
100.28%
2.72%
All Other Basic Organic Chemical Manufacturing
Manufacturing
Link
US
New York

About IFF

we are iff. we are the catalyst for discoveries that spark the senses and transform the everyday. international flavors & fragrances inc. is a leading innovator of sensorial experiences that move the world. at the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?” that passion for exploration drives us to co-create unique scents and tastes in fine fragrances and beauty, detergents and household goods, as well as beloved foods and beverages. our 7,300 team members globally take advantage of leading consumer insights, research and development, creative expertise, and customer intimacy to develop differentiated products. to learn more visit us at http://www.iff.com