International Flavors&Fragranc Stock Price, News & Analysis

IFF (NYSE: IFF) will release its third quarter 2022 earnings results after market close on November 7, 2022. Following this, a live webcast is scheduled for November 8, 2022, at 9:00 a.m. ET, where the management team will discuss the results and future outlook with investors. Access to the webcast and related presentation will be available on the Company's website at ir.iff.com. IFF is a leader in food, beverage, health, biosciences, and scent.

IFF has appointed Ralf Finzel as the new executive vice president and global operations officer, effective November 1, 2022. Finzel, a seasoned operations executive with over 30 years of experience, previously served as vice president of Integrated Supply Chain at Honeywell. He has a strong background in operations and supply chain management and holds multiple academic degrees in Chemistry. The change follows the departure of Francisco Fortanet, who exits after a transition period. CEO Frank Clyburn expresses confidence in Finzel's ability to drive IFF's success.

IFF has launched its new Singapore Innovation Center, the largest in the region, as part of a nearly $30 million investment to enhance capabilities across its four business divisions. This facility features over ten labs and is situated in Singapore's biomedical research hub. Alongside the Flexiblend plant, these developments aim to accelerate innovation and meet increasing demand in Asia, projected to drive 60% of global economic growth by 2030. IFF demonstrates its commitment to co-creation and sustainable solutions for local markets.

IFF (NYSE: IFF) has launched IFF NEO™, a groundbreaking portfolio of natural flavors delivering maximum citrus taste without using citrus oil. This innovation enhances flavor stability and ensures consistent supply for beverage manufacturers, alleviating challenges linked to global citrus sourcing issues. With IFF NEO™, customers can enjoy natural flavors that are highly concentrated, environmentally friendly, and have a longer shelf life. The product caters to regional taste preferences, supporting localized flavor development, and reducing price volatility traditionally associated with citrus-derived products.

IFF (NYSE: IFF) announced that CEO Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 8, 2022, at 1:30 p.m. ET. Investors can access the live webcast on the Company's website. A recorded version will also be available for those unable to listen live. IFF is a global leader in food, beverage, health, biosciences, and scent, dedicated to creating solutions that benefit people and the planet.

IFF has unveiled its new Nourish Innovation Lab in Union Beach, New Jersey, aimed at co-creating advanced food and beverage solutions with customers. This state-of-the-art facility will enhance collaboration and accelerate product development, focusing on wellness and sustainability. With a robust 160,000 square feet, the lab will integrate research and development with commercial applications, utilizing IFF’s full ingredient portfolio. The lab supports projects in various categories, including snacks and beverages, establishing itself as a key hub for innovation.

International Flavors & Fragrances reported a strong Q2 2022, with sales of $3.31 billion, up 7% year-over-year. Adjusted operating EBITDA reached $700 million, growing 3%. The company announced a 3% increase in its quarterly dividend to $0.81 per share, marking 13 consecutive years of dividend increases. However, a $120 million impairment charge related to operations in Russia was reported due to supply chain challenges. IFF reaffirmed its full-year guidance, expecting sales between $12.6 billion and $13.0 billion.