International Flavors & Fragrances (NYSE:IFF) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.5b (flat on FY 2023).
• Net income: US$243.0m (up from US$2.57b loss in FY 2023).
• Profit margin: 2.1% (up from net loss in FY 2023).
• EPS: US$0.95 (up from US$10.06 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Flavors & Fragrances EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.

The primary driver behind last 12 months revenue was the Nourish segment contributing a total revenue of US$5.87b (51% of total revenue). Notably, cost of sales worth US$7.36b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.74b (45% of total expenses). Explore how IFF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 6.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - International Flavors & Fragrances has 3 warning signs (and 1 which can't be ignored) we think you should know about.

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