International Flavors & Fragrances (IFF)
NYSE:IFF
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
1.15Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial start to 2026: revenue growth, solid volume-led performance across segments, margin expansion (adjusted EBITDA +8% and +110 bps margin improvement), strong YoY free cash flow and a materially reduced gross debt balance. Strategic actions — divestiture completion, ongoing Food Ingredients sale process, and investments in Latin America — support long-term focus. However, near-term risks were emphasized: the Middle East conflict, rising energy/logistics inflation, commodity pressure in Fragrance Ingredients, and anticipated Q2 margin headwinds as pricing actions phase in. Overall the positives (broad-based volume growth, profitability gains, cash/debt improvement, and reaffirmed full-year guidance) materially outweigh the highlighted near-term challenges.Company Guidance
Revenue and Top-Line Growth
Reported revenue of greater than $2.7 billion in Q1 2026, representing consolidated sales growth of 3% year-over-year on a currency-neutral basis driven by volume improvements across all businesses.
Adjusted Operating EBITDA and Margin Expansion
Adjusted operating EBITDA totaled $568 million, up 8% year-over-year. Adjusted EBITDA margin expanded by 110 basis points to 20.7%, the highest EBITDA margin since 2022.
Segment Profitability Improvements — Taste
Taste sales rose 2% to $656 million. Adjusted operating EBITDA for Taste increased 18% year-over-year to $153 million, driven by volume growth, favorable net pricing, and productivity gains.
Strong Performance — Food Ingredients
Food Ingredients sales increased 3% to $839 million with volume growth of approximately 5% (the highest in several years). Adjusted operating EBITDA grew 12% year-over-year to $114 million.
Health & Biosciences Growth
Health & Biosciences delivered sales of $595 million, up 5% year-over-year (all volume-driven) with adjusted operating EBITDA up 7% to $153 million, led by Animal Nutrition and Food Biosciences.
Cash Flow and Balance Sheet Progress
Cash flow from operations was $257 million (+$130 million YoY). Free cash flow was $92 million, up $144 million YoY. Gross debt declined to $5.85 billion, more than $3 billion lower than prior-year. Net debt to credit-adjusted EBITDA was ~2.5x.
Capital Returns and Financial Discipline
Returned $102 million to shareholders via dividends and $35 million through the dilution-cost share repurchase program in Q1, while maintaining disciplined capital allocation and a stated leverage target around 2.5x net debt/EBITDA.
Strategic Portfolio Actions and Investments
Completed divestiture of commodity soy crush, concentrates, and lecithin business for $110 million (closed March 2). Sale process for Food Ingredients progressing with positive buyer interest; new production and innovation capacity added in Latin America (Areito fermentation site in Argentina and household care lab in Brazil).
Full-Year 2026 Guidance Reaffirmed
Reaffirmed FY26 guidance: sales $10.5B–$10.8B (1%–4% growth) and adjusted operating EBITDA $2.05B–$2.15B (3%–8% growth). Foreign exchange expected to add roughly +1 percentage point to full-year sales growth.
International Flavors & Fragrances (IFF) Earnings, Revenues Date & History
IFF Earnings History
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 |
|---|---|---|---|
May 05, 2026 | $70.77 | $82.93 | +17.18% |
Feb 11, 2026 | $76.52 | $81.02 | +5.88% |
Nov 04, 2025 | $60.76 | $63.23 | +4.08% |
Aug 05, 2025 | $69.32 | $64.94 | -6.32% |
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.
FAQ
When does International Flavors & Fragrances (IFF) report earnings?
International Flavors & Fragrances (IFF) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is International Flavors & Fragrances (IFF) earnings time?
International Flavors & Fragrances (IFF) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IFF EPS forecast?
IFF EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.
