IFF Reports Second Quarter 2018 Results

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Go back to IFF Reports Second Quarter 2018 Results

Int'l Flavors & Fragrances (IFF) Tops Q2 EPS by 7c, Revenues Beat

August 7, 2018 4:23 PM EDT

Int'l Flavors & Fragrances (NYSE: IFF) reported Q2 EPS of $1.66, $0.07 better than the analyst estimate of $1.59. Revenue for the quarter came in at $920.02 million versus the consensus estimate of $908.73 million.

Top-line trends remained strong in the second quarter, marking the fourth consecutive quarter of mid-single digit growth, said IFF Chairman and CEO Andreas Fibig. Performance was broad-based, as all regions and categories improved versus prior year, driven by new wins and price increases needed to compensate for raw material inflation. In... More