IFF Beats Quarterly Estimates as Demand Stays Resilient
International Flavors and Fragrances beat quarterly estimates with sales of 2.74 billion dollars. The firm maintained its annual outlook on steady demand.
Xurve View
Insights:
Xurve View
INTL FLAVORS & FRAGRANCES reported Q1 sales of $2.74 billion, beating the $2.64 billion LSEG estimate on Tuesday. Adjusted profit reached $1.25 per share, exceeding the $1.07 analyst forecast as consumer demand for health ingredients remained resilient. The results validate a portfolio pivot toward core fragrance and flavor units following a $2.85 billion divestiture.
