IFF (IFF) Tops Q2 EPS by 17c; raises guidance

IFF (NYSE: IFF) reported Q2 EPS of $1.16, $0.17 better than the analyst estimate of $0.99. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.83 billion.

GUIDANCE:

IFF sees FY2024 revenue of $11.1-11.3 billion, versus the consensus of $11.166 billion and adjusted operating EBITDA to be in the range of $2.1 billion to $2.17 billion versus $1.9 billion to $2.1 billion. The Company now expects volume to be 3% to 5% versus 0% to 3%, with improvements across the majority of the portfolio.

For earnings history and earnings-related data on IFF (IFF) click here.

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