IFF reports Q1 EPS ex-items $1.20, consensus $1.14

Reports Q1 revenue $2.8B, consensus $2.82B. “IFF (IFF) delivered solid first quarter results, driven by disciplined execution and broad-based growth across most of our business,” said IFF CEO Erik Fyrwald. “Our growth, combined with ongoing productivity initiatives, contributed to a meaningful increase in profitability. We also successfully completed the divestiture of our Pharma Solutions business two months ahead of schedule, a key milestone that supports the achievement of our targeted debt leverage ratio.”