Welcome to our dedicated page for International Flavors&Fragranc news (Ticker: IFF), a resource for investors and traders seeking the latest updates and insights on International Flavors&Fragranc stock.
International Flavors & Fragrances Inc. (NYSE: IFF) is a global leader in sensory experiences and specialty ingredients, serving industries from food technology to pharmaceutical solutions. This dedicated news hub provides investors and industry professionals with essential updates on IFF developments, including earnings reports, strategic partnerships, and scientific breakthroughs.
Key resources include: Quarterly financial results, innovation announcements in flavors/fragrances, bioscience advancements, and sustainability initiatives. Our curated collection ensures access to verified press releases and market analyses that impact IFF's position in the $120B+ specialty chemicals sector.
Bookmark this page for real-time updates on IFF's product launches, regulatory milestones, and leadership changes. Combine technical insights with strategic context to make informed decisions about this NYSE-listed innovator.
International Flavors & Fragrances reported Q2 2021 results with revenue of $3.1 billion, representing a 158% increase year-over-year, primarily due to the merger with Nutrition & Biosciences. Adjusted operating EBITDA reached $679 million, up 184%, while EPS was $0.11 or $1.50 excluding amortization. The firm anticipates 7% growth for the full year and has increased its quarterly dividend by 3%, marking its twelfth consecutive year of hikes. Despite strong cash flow generation, margins faced pressures from rising raw material costs.
IFF (NYSE: IFF) has appointed Nicolas Mirzayantz as the new President of its Nourish division, effective September 1, 2021. He succeeds Kathy Fortmann, who is leaving to explore other opportunities. Mirzayantz brings extensive experience from his previous role as President of the Scent division, where he achieved a 5% compound annual growth rate. Christophe de Villeplee will take over Mirzayantz's former role as President of Scent. The leadership transition aims to leverage IFF's strong product portfolio and innovation to drive growth in the global food and beverage sector.
IFF (NYSE:IFF) will release its second quarter 2021 earnings results on August 5, 2021, after market close. A live webcast will take place on August 6, 2021, at 10:00 a.m. ET, to discuss the results and outlook. Investors can access both the live and recorded versions of the webcast on the Company's website.
As a leader in food, beverage, scent, health, and biosciences, IFF focuses on combining science and creativity to deliver innovative solutions that meet global demand.
On May 20, 2021, IFF (NYSE: IFF) launched its Science of Wellness program in response to consumer demand for holistic wellbeing solutions. This initiative leverages over forty years of fragrance research and advanced AI technology to create scents that offer emotional and cognitive benefits. The wellness market is expected to grow annually by 5 to 10% by 2025. An IFF study indicated that 87% of consumers prefer fragrances with wellness benefits. The program aims to innovate in fragrance design, utilizing extensive data to inform product development.
International Flavors & Fragrances reported Q1 2021 results with net sales of $2.47 billion, an 83% increase year-over-year, primarily due to its merger with Nutrition & Biosciences. Adjusted EBITDA rose 88% to $569 million, while reported EPS was $(0.21). The company plans to divest its fruit preparation business, expected to close in Q3 2021, contributing about $70 million in sales.
The updated 2021 sales guidance is approximately $11.25 billion, with an adjusted operating EBITDA margin of ~23%.
IFF (NYSE: IFF) has declared a quarterly cash dividend of $0.77 per share, scheduled for payment on July 6, 2021. Shareholders on record as of June 25, 2021 will receive this dividend. This decision reflects the company's commitment to returning value to its shareholders while continuing to operate as a leader in the food, beverage, scent, health, and biosciences sectors. IFF emphasizes its dedication to sustainability and innovation in creating solutions for enhancing both consumer experiences and environmental responsibility.
IFF (NYSE:IFF) will announce its first quarter 2021 earnings results after market closure on May 10, 2021. A live webcast for investors will be held on May 11, 2021, at 10:00 a.m. ET, where the management team will discuss the results and future outlook. The webcast and a presentation will be accessible on the company’s website at ir.iff.com, with a recorded version available for those unable to attend live.
IFF has launched a new video series, “Learning Labs,” showcasing discussions with its leadership on the company's segments and R&D functions. This initiative follows IFF's merger with DuPont's Nutrition and Biosciences, aiming to increase transparency and stakeholder communication. Additionally, IFF has provided segment-level financial details for 2020 based on pro forma results, highlighting sales and adjusted EBITDA across its four segments. Chairman and CEO Andreas Fibig emphasized the importance of connecting with investors and showcasing IFF's growth potential.
IFF has reached an agreement with Sachem Head Capital Management allowing its Managing Partner, Scott Ferguson, the option to join IFF’s Board of Directors between September 10 and December 31, 2021. This move signals IFF's commitment to enhancing shareholder engagement following discussions on maximizing synergies from its merger with DuPont's N&B business. The Board will expand from 13 to 14 directors should Ferguson join. Both IFF's leadership and Sachem Head view this agreement as beneficial for promoting long-term shareholder value.
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