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NEW YORK - International Flavors & Fragrances Inc. (NYSE:IFF) reported fourth-quarter earnings and revenue that surpassed analyst expectations, but shares slipped 0.4% as the company’s 2025 guidance fell short of estimates.
The flavor and fragrance maker posted adjusted earnings per share of $0.97 for the quarter, beating the analyst consensus of $0.82. Revenue came in at $2.8 billion, above the expected $2.69 billion and up 3% YoY. On a comparable currency neutral basis, sales increased 6% versus the prior year period.
"IFF delivered a solid performance in 2024, reflecting the hard work and dedication of our global team," said CEO Erik Fyrwald. "Their commitment to serving our customers with industry-leading innovation drove strong top and bottom-line financial results."
For the full year 2025, IFF forecasts revenue between $10.6 billion and $10.9 billion, below the consensus estimate of $11.3 billion. The company expects comparable currency neutral sales growth of 1% to 4% and adjusted operating EBITDA growth of 5% to 10% YoY.
The guidance includes six months of results from the Pharma Solutions segment, which IFF plans to divest by June 30, 2025. Foreign exchange headwinds are expected to impact 2025 sales growth by approximately 4% and adjusted operating EBITDA growth by about 6%.
In Q4, the Nourish segment saw comparable currency neutral sales rise 4%, while Health & Biosciences grew 6%, Scent increased 7%, and Pharma Solutions jumped 12%.
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