Quarterly ResultMay 5, 2026, 04:24 PM
IFF Q1 Sales $2.7B, EPS $0.66; Reaffirms FY26 Guidance
AI Summary
International Flavors & Fragrances Inc. (IFF) reported solid first quarter 2026 financial results, with net sales of $2.74 billion, a 4% decrease year-over-year, but a 3% increase on a comparable currency neutral basis. The company delivered volume growth across all four segments, improved profitability, and generated strong cash flow. IFF also reaffirmed its full-year 2026 financial guidance for sales and adjusted operating EBITDA, despite an unsettled operating environment, and is progressing with the disciplined sale process for its Food Ingredients business.
Key Highlights
- IFF reported Q1 2026 net sales of $2.74 billion, a 4% decrease year-over-year.
- Comparable currency neutral sales increased 3% year-over-year, with broad growth across all segments.
- Q1 2026 reported EPS was $0.66; adjusted EPS excluding amortization was $1.25.
- Adjusted operating EBITDA for Q1 2026 was $568 million, up 8% on a comparable currency neutral basis.
- Cash flows from operations increased $130 million to $257 million; free cash flow rose $144 million to $92 million.
- The company reaffirmed full-year 2026 sales guidance of $10.5 billion to $10.8 billion.
- Full-year 2026 adjusted operating EBITDA guidance was reaffirmed at $2.05 billion to $2.15 billion.
- Taste segment comparable currency neutral sales grew 2%; Health & Biosciences grew 5%.