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.
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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.
