International Flavors & Fragrances-International Flavors (IFF) Q1 Earnings Beat, Sales Dip Y/Y

International Flavors & Fragrances Inc. (IFF) reported adjusted earnings of $1.13 per share in first-quarter 2024, beating the Zacks Consensus Estimate of 84 cents. The bottom line improved 30% from the year-ago quarter. Including one-time items, the company reported earnings of 23 cents against the prior-year quarter’s loss of 4 cents. International Flavors’ net sales were$ 2.9 billion in the March-end quarter, decreasing 4.2% year over year. The top line surpassed the Zacks Consensus Estimate of $2.81 bil ...