International Flavors & Fragrances Inc
IFF-
International Flavors & Fragrances Inc plunged 19% to $65 after the company reported weaker-than-expected quarterly results.
Revenue in the second quarter declined 11% to $2.9 billion from $3.3 billion and net income plunged 75% to $27 million from $109 million and diluted earnings per share dropped to 11 cents from 43 cents a year ago.
The company revised lower its full-year revenue outlook to between $11.3 billion and $11.6 billion from the previous estimate of $12.3 billion.
the fragrance company also lowered its adjusted earnings outlook to between $1.85 billion and $2.0 billion from the previous estimate of $2.34 billion.
The company declared a regular dividend of 81 cents a share payable to shareholders on October 5 to shareholders on record September 22.
Aug 8, 2023
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| Trading Volume | 36,531 |
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102.99 - 62.96 |
| Market Cap Full | $ 26.3B |
Quarterly +
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Q1 | - | -2.4% | 6.1% | -12.3% |
| Q2 | - | - | 10.8% | -13.4% |
| Q3 | - | - | 3.6% | -14.4% |
| Q4 | - | - | -7.3% | 22.8% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2026 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | |||||||||||
| -2.4 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -0.4 | -6.5 | 13.9 | -2.3 | 14.6 | -0.5 | 3.9 | 3.6 | - | - | - | -7.5 |
| 2023 | |||||||||||
| 7.3 | -17.1 | -1.4 | 5.5 | -20.3 | 3 | 6.3 | -16.7 | -3.3 | 0.3 | 10.2 | 7.5 |
| 2022 | |||||||||||
| -12.9 | 1.3 | -1.3 | -7.6 | 9 | -9.9 | 5.1 | -11.7 | -17.8 | 7.5 | 8.4 | -0.9 |
| 2021 | |||||||||||
| 3.5 | 20.6 | 3 | 1.8 | -0.4 | 5.5 | 0.8 | 0.6 | -10.8 | 9.1 | -3.6 | 6 |
EPS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Q1 | -0 | 0 | 0 |
| Q2 | 0.1 | 0 | 0 |
| Q3 | 0.1 | 0 | 0 |
| Q4 | 0 | -0.1 | 1.1 |
| A | 0.17 | -7.3 | 1.1 |