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International Flavors & Fragrances (IFF)
NYSE:IFF
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
1.2Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights meaningful progress on balance sheet strengthening, disciplined capital allocation, margin expansion and targeted reinvestment in R&D and capacity—supported by solid segment-level wins in Taste, Scent (Fine Fragrance) and pockets of Health & Biosciences. These positives are tempered by continued top-line pressure and profitability volatility in Food Ingredients (notably Q4 weakness), commodity pressure in Fragrance Ingredients, a sizable free cash flow shortfall in 2025 driven by transaction-related charges and working capital builds, and modest near-term 2026 guidance with H1 comparability headwinds. Management has clear remediation plans (portfolio sales, productivity, innovation investments, cash-focused incentives) and expects improvements through 2026 and into 2027.Company Guidance
Improved Leverage and Balance Sheet
Net debt to credit-adjusted EBITDA improved to 2.6x (from 3.8x in 2024); gross debt reduced to ~$6.0B (down nearly $3.0B vs 2024); cash & equivalents of $590M.
Consolidated Profitability Expansion
Full-year EBITDA grew ~7% with ~100 basis points of EBITDA margin expansion; Q4 EBITDA was $437M, a ~7% increase, and Q4 EBITDA margin improved ~90 basis points to 16.9%.
Taste Segment Strength
Full-year Taste sales up ~4% (two-year avg growth ~4%); Q4 Taste sales $588M (+2%) with Q4 EBITDA up ~17% to $94M, driven by new wins, favorable net pricing and productivity.
Health & Biosciences Momentum
Full-year Health & Biosciences sales improved (management cited ~3% full-year improvement) with EBITDA up ~7% for the year; Q4 sales $589M (+5%) and Q4 EBITDA increased ~20% to $155M, led by Food Biosciences, Animal Nutrition and Home & Personal Care.
Scent Performance and Higher‑Value Mix
Full-year Scent sales +3% with EBITDA +2%; Q4 Scent sales $610M (+4%): Fine Fragrance +10% and Consumer Fragrance mid-single-digit growth, indicating strength in higher-margin areas.
Food Ingredients Margin Improvement (Full Year)
Although full-year Food Ingredients sales were down, the business delivered ~10% EBITDA growth and ~150 basis points of EBITDA margin expansion for the full year, reflecting margin improvement through portfolio actions and productivity.
Active Portfolio Optimization
Completed divestitures (Pharma Solutions, nitrocellulose, René Laurent), agreement to sell soy crush concentrates & lecithin to Bunge (expected by April), and formally launched a competitive sale process for Food Ingredients with meaningful interest from strategics and financial sponsors.
Investment in Innovation and Capacity
Invested ~ $100M in R&D in 2025; CapEx totaled $594M (~5.5% of sales) in 2025 and planned CapEx ~6% of sales in 2026; launched new technologies (EnviroCAPS biodegradable encapsulation, 'Super Carrot' umami ingredient) and are investing in enzyme capacity, naturals, biotech and AI.
Cash Return & Capital Allocation Discipline
Returned $409M via dividends and $38M in share repurchases (program started in Q4); management intends to use potential Food Ingredients sale proceeds to reduce dilution and pay down debt while keeping net leverage below 3.0x.
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 |
|---|---|---|---|
Feb 11, 2026 | $76.97 | $81.50 | +5.89% |
Nov 04, 2025 | $61.11 | $63.61 | +4.09% |
Aug 05, 2025 | $69.72 | $65.32 | -6.31% |
May 06, 2025 | $77.78 | $72.27 | -7.08% |
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 May 11, 2026, After Close (Confirmed).
What is International Flavors & Fragrances (IFF) earnings time?
International Flavors & Fragrances (IFF) earnings time is at May 11, 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 (Q1) is 1.08.
