Int'l Flavors & Fragrances (IFF) Tops Q1 EPS by 14c

Int'l Flavors & Fragrances (NYSE: IFF) reported Q1 EPS of $1.57, $0.14 better than the analyst estimate of $1.43. Revenue for the quarter came in at $774.9 million versus the consensus estimate of $768 million.

“We are pleased with our performance in the first quarter.” said IFF Chairman and CEO Andreas Fibig. “Financially, we delivered mid-single-digit sales growth, and double-digit increases in both adjusted operating profit and adjusted EPS, all on a currency neutral basis. At the same time, we continued to invest in the business to support our goal of Winning Where We Compete by bolstering our Flavors business with the acquisition of Ottens, the opening of a new sales and creative facility near Chicago, and the expansion of our creative center in South Africa.”

For earnings history and earnings-related data on Int'l Flavors & Fragrances (IFF) click here.

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