International Flavors & Fragrances Q1 2025 Financial Overview

International Flavors & Fragrances ( (IFF) ) has released its Q1 earnings. Here is a breakdown of the information International Flavors & Fragrances presented to its investors.

International Flavors & Fragrances Inc. (IFF) is a global leader in the creation of flavors, fragrances, and ingredients for the food, beverage, scent, and health industries. The company is known for its innovative solutions that blend art and science to enhance consumer experiences worldwide.

In the first quarter of 2025, IFF reported a mixed financial performance, with a slight decline in net sales and a significant loss before taxes due to a goodwill impairment. Despite these challenges, the company achieved growth in several segments and completed the divestiture of its Pharma Solutions business ahead of schedule.

Key financial highlights include a 2% decrease in reported net sales to $2.84 billion, impacted by a $1.15 billion goodwill impairment in the Food Ingredients segment. However, on a currency-neutral basis, sales increased by 3%, driven by strong performance in the Taste, Pharma Solutions, Health & Biosciences, and Scent segments. Adjusted operating EBITDA improved by 9% on a currency-neutral basis, reaching $578 million, supported by volume growth, favorable pricing, and productivity gains.

The company’s strategic focus remains on driving growth through innovation and productivity improvements, while managing macroeconomic uncertainties. IFF maintains its full-year financial guidance, expecting sales between $10.6 billion and $10.9 billion and adjusted operating EBITDA between $2 billion and $2.15 billion.

Looking ahead, IFF is committed to executing its long-term strategy, focusing on customer collaboration, innovation, and increased productivity, while navigating potential challenges in the global economic landscape.