Earnings ·
IFF Reports Q3 Loss of $0.50 per Share, Raises Full-Year Sales Guidance to $7.5B-$7.6B
IFFInternational Flavors & Fragrances Inc
International Flavors & Fragrances reported a third-quarter loss before taxes of $134 million and GAAP EPS of $(0.50), driven by a $236 million non-cash impairment on the Botanicals & Food Enhancements disposal group. Adjusted operating EBITDA rose 6% to $403 million, supported by volume growth across Taste, Health & Biosciences, and Scent segments. The company raised its full-year 2026 sales guidance low-end to $7.5 billion (from $7.4 billion) and adjusted operating EBITDA low-end to $1.55 billion (from $1.53 billion), citing solid volumes and favorable foreign exchange impacts. IFF also announced the completion of a $500 million accelerated share repurchase program and confirmed progress on the Food Ingredients divestiture, which is expected to close by the end of Q2 2027.