International Flavors & Fragrances Inc. (IFF), through its various subsidiaries, operates as a global developer and purveyor of active cosmetic and natural ...
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$1.60 per share
Est. EPS $0.80 · Revenue $1.90B · 8 analysts
$1.60 per share
Est. EPS $0.66 · Revenue $1.82B · 8 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $10.9B | -5.2% | -28.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-361.0M | -248.6% | -70.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +36.2% | +0.7% | +17.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.7% | +15.9% | -20.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -3.3% | -256.7% | -58.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $256.0M | -57.5% | +208.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.4% | -55.2% | +333.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 47.0% | -32.2% | +8.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.42x | -22.9% | +38.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $25.5B | -10.9% | +0.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.46 vs 4.25 | -134.4% | 0.19 vs 0.80 | -76.3% |
| Revenue Surprise | $10.9B vs $10.8B | +0.6% | $2.0B vs $1.9B | +2.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Teles de Mendonca Ana Paula | officer: President, Scent | Common Stock | D | 5,718 | $83.19 |
| Aug 7, 2026 | Birenkrant Marc | officer: Controller & CAO | Common Stock | D | 1,000 | $85.00 |
| Aug 6, 2026 | DeVeau Michael | officer: EVP, CFO | Common Stock | D | 8,825 | $85.55 |
| Jun 1, 2026 | FRIBOURG PAUL J | director | Common Stock | A | 260,000 | $74.28 |
| Jun 1, 2026 | FRIBOURG PAUL J | director | Common Stock | A | 13,500 | $74.49 |
Operator: At this time, I would like to welcome everyone to the IFF Second Quarter 2026 Earnings Conference Call. I would now like to introduce Michael Bender, Head of Investor Relations. You may begin. Michael Bender: Thank you. Good morning, good afternoon and good evening, everyone. Welcome to IFF's Second Quarter 2026 Earnings Conference Call. Yesterday afternoon, we issued a press release announcing our financial results. A copy of the release can be found on our IR website at ir.iff.com. Please note that this call is being recorded live and will be available for replay. During the call, we'll be making forward-looking statements about the company's performance and business outlook. These statements are based on how we see things today and contain elements of uncertainty. For additional information concerning the factors that can cause actual results to differ materially, please refer to our cautionary statement and risk factors contained in our 10-K and press release, both of which can be found on our website. Today's presentation will include non-GAAP financial measures, which exclude those items that we believe affect comparability. A reconciliation of these non-GAAP financial measures to their respective GAAP measures is set forth in the press release. Also, please note that all sales and EBITDA growth numbers that we will be speaking to on the call are on a comparable currency-neutral basis, unless otherwise noted. Given the announced divestiture of Food Ingredients, we will discuss results and guidance on a continuing operations basis, unless otherwise noted. Our P&L financials are presented on a continuing operations basis, while cash flow, net debt to credit-adjusted EBITDA leverage and CapEx are presented on a total company basis, which includes both continuing operations and discontinued operations. With me on the call today is our CEO, Erik Fyrwald; and our CFO, Michael DeVeau. We will begin with prepared remarks and then take questions at the end. With that, I would now like to turn the call over to Erik. Jon Erik Fyrwald: Thanks, Mike, and hello, everyone. Thank you for joining us today. IFF's strong second quarter results reflect our relentless focus on our customers while driving productivity and cash flow improvements. IFF delivered volume growth across the board, disciplined margin execution and robust free cash flow generation, strengthening our financial position and focusing our commercial and innovation pipelines to be even more competitive. We are transforming IFF with the divestiture of Food Ingredients and a solid first half of 2026 gives us confidence in our ability to achieve our targets for the full year even as market conditions remain uncertain due to the events in the Middle East. I'll start today's call by briefly summarizing the first half results and providing an update on our portfolio transformation efforts following our announced agreement to divest Food Ingredients. I'll then turn the call over to …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
J. Erik Fyrwald | Chief Executive Officer & Director | USD 3,181,595 | Male | 1959 | Active |
Leticia Goncalves Lourenco | President of Health & Biosciences | USD 2,212,159 | Female | 1975 | Active |
Yuvraj Arora | President of Taste Division & Chief Commercial Officer | USD 1,506,379 | Male | 1972 | Active |
Andres Muller | President of Food Ingredients | USD 1,455,296 | Male | 1965 | Active |
Michael DeVeau | Executive Vice President & Chief Financial Officer | USD 1,381,248 | Male | 1981 | Active |
Deborah Borg | EVP & Chief People and Culture Officer | USD 925,011 | Female | 1977 | Active |
Ralf Finzel | Executive Vice President & Global Operations Officer | USD 670,041 | Male | 1964 | Active |
Marc H. Birenkrant | Controller & Chief Accounting Officer | — | Male | 1973 | Active |
Vivek Verma | Executive Vice President & Chief Information Officer | — | Male | 1969 | Active |
Stephen N. Landsman | Executive Vice President & General Counsel | — | Male | 1959 | Active |
On August 05, 2026, International Flavors and Fragrances Inc (IFF) shares rose by 8.9%, bringing the current price to $88.07. Over the past year, the stock has ex
International Flavors & Fragrances Inc. (IFF) Q2 2026 Earnings Call Transcript
IFF misses Q2 earnings estimates as sales rise y/y, while portfolio changes, growth across key segments and a new buyback shape its outlook.
International Flavors (IFF) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.15 per share a year ago.
While the top- and bottom-line numbers for International Flavors (IFF) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
