- International Flavors’ net sales for Q2 2024 were $2.89 billion, slightly down by 1.4% year-over-year, but above the estimated $2.83 billion.
- The Nourish segment reported net sales of $1.48 billion, a decrease of 5.5% year-over-year, meeting the estimate of $1.48 billion.
- Health & Biosciences segment saw net sales increase by 6.9% year-over-year to $558 million, surpassing the estimate of $533.6 million.
- Scent segment achieved net sales of $603 million, up by 1.9% year-over-year, beating the estimate of $585.7 million.
- Pharma Solutions segment reported net sales of $250 million, a slight decline of 0.4% year-over-year, but exceeding the estimate of $231.1 million.
- Adjusted EPS excluding amortization was $1.16, up from 86 cents year-over-year, surpassing the estimate of 97 cents.
- Adjusted operating EBITDA came in at $588 million, a 15% increase year-over-year, above the estimate of $531.1 million.
- Analyst ratings include 11 buys, 11 holds, and 1 sell.
Intl Flavors & Fragrances on Smartkarma
Analysts at Baptista Research on Smartkarma have provided two insightful reports on International Flavors & Fragrances (IFF). In their report titled “International Flavors & Fragrances (IFF): These Are The 7 Pivotal Factors Catalyzing Its Growth! – Financial Forecasts,” the analysts noted a mixed performance in the company’s first quarter of 2024. They highlighted achievements such as volume growth for the first time since early 2022 and a double-digit increase in comparable adjusted EBITDA, attributing these gains to contributions from various segments.
Another report by Baptista Research, “International Flavors & Fragrances (IFF): New Launches,” focused on the company’s fourth quarter and full-year 2023 earnings. The report highlighted a 1% increase in comparable currency-neutral sales and a 17% growth in comparable currency-neutral EBITDA for the fourth quarter, showing resilience within the company’s operational framework despite a reported sales decline. These reports provide valuable insights for investors following IFF’s performance.
A look at Intl Flavors & Fragrances Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
International Flavors & Fragrances Inc. is positioned well for the long term, according to Smartkarma Smart Scores. This reflects a positive outlook on the company’s momentum, indicating strong potential for growth in the future. While the scores for growth and resilience are moderate, the high momentum score suggests a promising trajectory for the company in the coming years.
Having a balanced mix of value and dividend scores, Intl Flavors & Fragrances is showing stability in its financial performance. With a focus on creating and supplying flavors and fragrances for various industries, the company’s diverse portfolio enhances its resilience. Overall, the Smart Scores point towards a favorable long-term outlook for Intl Flavors & Fragrances, supported by its established position in the food, beverage, personal care, and household products markets.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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