Welcome to our dedicated page for International Flavors & Fragrances news (Ticker: IFF), a resource for investors and traders seeking the latest updates and insights on International Flavors & Fragrances stock.
International Flavors & Fragrances Inc. (IFF) is a leading innovator in creating sensorial experiences that drive the world of flavors and fragrances. Headquartered in New York, the company partners with customers globally to develop unique products for the food, beverage, health, personal care, and household goods industries. With a strong commitment to discovery and innovation, IFF continuously explores new possibilities in both fine fragrances and beauty, as well as in beloved foods and beverages.
IFF's core businesses include the Nourish segment, which accounts for nearly half of its revenue. This segment specializes in producing flavors, texturants, and plant-based proteins, providing essential ingredients that enhance the appeal and functionality of food products. Additionally, the Health & Biosciences division, generating roughly one-fourth of the company's revenue, is renowned for its expertise in probiotics and enzymes, making significant contributions to health and wellness solutions.
The company leverages its global team of 7,300 professionals along with leading consumer insights, research and development, and creative expertise to deliver differentiated products. Their proprietary formulations and custom solutions are a testament to their innovative approach and customer-centric focus.
IFF has recently made remarkable advancements in excipient technology, presenting its comprehensive range at global events such as CPhI Japan 2024 and Vitafoods Europe 2024. These showcases highlight the company's commitment to driving pharmaceutical innovation, with notable products like METHOCEL™, ETHOCEL™, and POLYOX™ under its new controlled release platform, 'Timing is Everything'. This new platform emphasizes the importance of controlled release in pharmaceutical therapies, aiming to improve patient compliance and treatment efficacy.
IFF continues to expand its innovative offerings and partnerships, demonstrating a significant impact across various industries. The company's dedication to sustainability and precision in science and creativity positions it as a key player in transforming everyday experiences and contributing to a better world.
For more detailed information about their latest projects and developments, visit their official website at iff.com.
IFF has appointed Nicolas Gebara as the new senior vice president of Commercial and Flavors for its Nourish division, effective July 1, 2022. Gebara, who has 23 years of experience at IFF, will streamline flavors and global sales to better meet consumer demands. The organizational adjustments also include new roles for Carmen Cain, Brian Brix, and Jan Bechtel, aimed at optimizing customer experience and enhancing business operations. IFF's Nourish division remains a leader in high-value categories despite current market challenges.
IFF (NYSE:IFF) has successfully completed the divestiture of its Microbial Control business unit to LANXESS. This strategic move is part of IFF's ongoing efforts to streamline its operations and focus on core areas of business, which include food, beverage, health, biosciences, and scent. The company aims to leverage science and creativity to create innovative solutions for a sustainable future.
On June 14, 2022, IFF launched its new GUARDIAN® product family, focusing on plant extract-based formulations for oxidation control in food and beverages. The global food antioxidant market is expected to reach USD 1.8 billion by 2025, driven by demand for packaged food and clean ingredients. GUARDIAN® SYNEROX HT can reduce frying oil waste by 30%, while GUARDIAN® VITAGREEN LOD employs innovative technology for incorporating green tea extract. These solutions aim to enhance food quality, safety, and sustainability, addressing supply chain challenges and reducing food waste.
IFF (NYSE: IFF) announced that CEO Frank Clyburn will participate in a fireside chat at the Bernstein 2022 Strategic Decisions Conference on June 1, 2022, at 8 am ET. Investors can access the live webcast through the company's website at ir.iff.com. A recorded version will also be available for replay.
IFF is a leader in food, beverage, scent, health, and biosciences, providing essential solutions for global markets.
International Flavors & Fragrances reported strong first quarter 2022 results with net sales of $3.23 billion, marking a 31% increase year-over-year. Adjusted operating EBITDA increased to $702 million, up 23% from the previous year. CEO Frank Clyburn highlighted growth across all segments, particularly in Nourish, Health & Biosciences, and Pharma Solutions. The company raised its full-year sales forecast to $12.6-$13.0 billion, anticipating continued growth despite inflationary pressures. However, a negative currency impact is expected to reduce sales and EBITDA growth by approximately 4% and 5%, respectively.
IFF (NYSE: IFF) has declared a quarterly cash dividend of $0.79 per share, set to be paid on July 6, 2022, to shareholders on record by June 24, 2022. This announcement underscores IFF's commitment to returning value to its investors. The company continues to lead in food, beverage, scent, health, and biosciences, offering innovative solutions and experiences. IFF aims to combine art and science to meet global consumer demands while promoting sustainability.
On May 3, 2022, IFF announced its expanded portfolio of nutritional ingredients and supplements ahead of Vitafoods Europe, taking place from May 10-12. The showcase will highlight their capabilities in botanicals and plant-based applications. Notable offerings include new probiotic combinations for women's health and innovative, sustainable supplements like GRINDSTED® Pectin PRM. IFF also emphasizes advancements in taste-masking bitter botanicals and novel delivery formats. The company aims to assist supplement manufacturers in developing high-quality products that meet evolving consumer demands.
IFF has launched SEAFLOUR™, a nutrient-dense hydrocolloid derived from non-GMO red seaweed, catering to the growing demand for clean label products in the U.S. The ingredient is suitable for plant-based beverages, offering stability, texture, and nutritional benefits without allergens. SEAFLOUR™ aids manufacturers in reducing fat and sugar levels while enhancing product quality. The sourcing supports local farming and aligns with IFF's 2030 sustainability goals, including responsible-seaweed practices.
IFF (NYSE: IFF) will release its first quarter 2022 earnings results after market close on May 9, 2022. A live webcast discussing the results will be hosted by management on May 10, 2022, at 9:00 a.m. ET. Investors can access the webcast and slide presentation on the company's website, with a recorded version available for playback. IFF is a leader in food, beverage, health, biosciences, and scent, providing innovative solutions to meet global needs.
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