IFF's second quarter results demonstrate progress in strengthening financial positions and achieving growth in key segments such as Taste and Food Ingredients. However, challenges remain in Health & Biosciences and Fragrance Ingredients due to market and competitive pressures. While the company is taking steps to address these issues and has confidence in future innovation pipelines, the outlook for the second half of 2025 is cautious due to expected market softness and challenging comparisons.

Company Guidance

In the IFF Second Quarter 2025 Earnings Conference Call, the company reported a 3% increase in sales, reaching over $2.75 billion, with adjusted operating EBITDA increasing by 6% to $552 million. Key achievements included solid growth across all segments, notably a 6% sales increase in the Taste division and a 21% rise in Pharma Solutions before its divestiture. The company's net debt-to-EBITDA ratio improved to 2.5x, following strategic divestitures and a successful debt tender offering. Despite an increasingly challenging environment, IFF reaffirmed its full-year 2025 guidance, anticipating sales between $10.6 billion to $10.9 billion and adjusted operating EBITDA of $2 billion to $2.15 billion. The company also announced a $500 million share repurchase authorization, highlighting confidence in its future growth and commitment to a balanced capital allocation strategy.

Financial Position Strengthened

IFF reduced its net debt-to-EBITDA to 2.5x, below the target of less than 3x, marking the first time since 2018 it has been below this level.

Solid Sales and EBITDA Growth

Achieved 3% sales growth and 7% adjusted operating EBITDA growth in the first half of 2025.

Successful Divestitures

Completed divestitures of Pharma Solutions and Nitrocellulose businesses, which helped reduce leverage and refocus the portfolio.

Share Repurchase Authorization

Announced a new $500 million share repurchase authorization, reflecting confidence in the future of IFF.

Taste Segment Growth

Taste segment achieved a 6% increase in sales, with strong performance in Latin America and the EMEA region.

Food Ingredients Profitability Improvement

Food Ingredients segment delivered a 21% increase in adjusted operating EBITDA, driven by productivity and favorable net pricing.

International Flavors & Fragrances (IFF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IFF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	1.02 / -	1.04	―	―	―
Aug 05, 2025	2025 (Q2)	1.12 / 1.15	1.16	-0.86% (-0.01)
May 06, 2025	2025 (Q1)	1.14 / 1.20	1.13	6.19% (+0.07)
Feb 18, 2025	2024 (Q4)	0.81 / 0.97	0.72	34.72% (+0.25)
Nov 05, 2024	2024 (Q3)	1.07 / 1.04	0.89	16.85% (+0.15)
Aug 06, 2024	2024 (Q2)	0.99 / 1.16	0.86	34.88% (+0.30)
May 06, 2024	2024 (Q1)	0.86 / 1.13	0.87	29.89% (+0.26)
Feb 20, 2024	2023 (Q4)	0.76 / 0.72	0.97	-25.77% (-0.25)
Nov 06, 2023	2023 (Q3)	0.75 / 0.89	1.36	-34.56% (-0.47)
Aug 07, 2023	2023 (Q2)	1.10 / 0.86	1.54	-44.16% (-0.68)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IFF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$70.62	$66.16	-6.32%
May 06, 2025	$78.78	$73.20	-7.08%
Feb 18, 2025	$85.56	$81.14	-5.17%
Nov 05, 2024	$97.62	$86.26	-11.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.