International Flavors (IFF) Q1 Earnings Beat, Sales Dip Y/Y
International Flavors & Fragrances(IFF) Zacks Investment Research·2024-05-08 01:51
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 billi ...