STOCK TITAN

International Flavors & Fragrances Inc. - IFF STOCK NEWS

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.

Rhea-AI Summary
IFF launches an advertising campaign showcasing perfumery artistry, featuring iconic brand elements and historical significance. The campaign celebrates perfumers' craft and emotional impact of scents on consumers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary
IFF (NYSE: IFF) announces employment inducement awards to CEO J. Erik Fyrwald. The awards include performance share units and restricted stock units, totaling a potential combined payout of 228,125 shares. The awards are subject to specific performance metrics and vesting conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
-
Rhea-AI Summary
IFF receives approval for commercialization of genetically modified yeasts to enhance corn ethanol production in Argentina, potentially increasing efficiency by up to three percent. The approval from the Argentine Secretary of Agriculture is expected to boost corn ethanol production in the country.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
Rhea-AI Summary
International Flavors & Fragrances Inc. (IFF) reported financial results for Q4 and full year 2023, with net sales of $2.7B and $11.5B respectively. The company experienced a loss before taxes of $2.6B for Q4 and $2.5B for the full year. Adjusted operating EBITDA showed growth in Q4 but declined for the full year. CEO Erik Fyrwald highlighted improved volume and EBITDA growth, along with a new dividend policy aiming for faster deleveraging. However, a non-cash goodwill impairment charge of $2.6B impacted the financials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.4%
Tags
-
Rhea-AI Summary
IFF announces the promotion of three talented perfumers, Patricia Hidalgo, Joa Kim, and Birgit Sijbrands, to vice president perfumers. These exceptional individuals bring decades of experience, creativity, and innovation to the fragrance industry, setting new standards for excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
none
-
Rhea-AI Summary
IFF (NYSE:IFF) will release its Q4 and full year 2023 earnings results on Feb. 20, 2024. A live webcast on Feb. 21, 2024, and a speaking engagement at the CAGNY conference on Feb. 22, 2024 are scheduled. Investors can access the webcast on the Company's website. IFF is a leader in food, beverage, health, biosciences, and scent, creating essential solutions for a better world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
conferences earnings
Rhea-AI Summary
IFF (NYSE: IFF) announced a partnership with NGO Bellona to restore seaweed forests in northern Norway, aiming to restore 5,000 square kilometers of seaweed forest by managing invasive sea urchin predation. The regrowth of the forests could increase biological carbon sequestration by 12 million tons, equivalent to Norway’s total oil and gas industry emissions in 2021. The project reflects IFF’s commitment to environmental, social, and governance efforts, with a focus on sustainable solutions. IFF will provide financial support and expertise in seaweed management over a three-year period, aiming to help meet Norway’s climate change objectives and grow its marine economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
partnership
-
Rhea-AI Summary
IFF (NYSE: IFF) has appointed J. Erik Fyrwald as the new CEO and member of the board of directors. Fyrwald brings over four decades of experience in driving innovation and growth in the nutrition, agriculture, and chemicals industries. He has a successful track record, including doubling the business and delivering exceptional shareholder value at Syngenta. The company reaffirmed its full-year 2023 sales and adjusted operating EBITDA guidance, expecting sales to be in the range of $11.3 billion to $11.6 billion and adjusted operating EBITDA to be at the mid to high end of the range of $1.85 billion to $2.0 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
management
-
Rhea-AI Summary
IFF (NYSE:IFF) and Kemira to Commercialize Unique Renewable Polymers at Industrial Scale
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
partnership
Rhea-AI Summary
IFF (NYSE: IFF) wins CosmetiqueMag Gold Award for LMR Naturals' Neroli Essential Egypt, showcasing a commitment to sustainability and innovation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
none

FAQ

What is the current stock price of International Flavors & Fragrances (IFF)?

The current stock price of International Flavors & Fragrances (IFF) is $90.81 as of November 22, 2024.

What is the market cap of International Flavors & Fragrances (IFF)?

The market cap of International Flavors & Fragrances (IFF) is approximately 23.0B.

What does International Flavors & Fragrances Inc. (IFF) do?

IFF is a global leader in creating flavors and fragrances for the food, beverage, health, personal care, and household goods industries.

What are the core business segments of IFF?

IFF's core business segments include Nourish, which produces flavors and plant-based proteins, and Health & Biosciences, known for probiotics and enzymes.

Where is IFF headquartered?

IFF is headquartered in New York, USA.

How many employees does IFF have?

IFF employs approximately 7,300 professionals globally.

What are some recent innovations by IFF?

IFF has recently launched a new controlled release platform named 'Timing is Everything' and showcased advanced excipient technologies at global events.

What is the significance of the 'Timing is Everything' platform?

The 'Timing is Everything' platform emphasizes the importance of controlled release in pharmaceuticals, improving patient compliance and treatment efficacy.

How does IFF support the food industry?

The Nourish segment of IFF provides flavors, texturants, and plant-based proteins that enhance the appeal and functionality of food products.

What role does IFF play in the health sector?

IFF's Health & Biosciences division is a global leader in probiotics and enzymes, contributing significantly to health and wellness solutions.

Where can I find more information about IFF's products and services?

For more information about IFF’s products and services, visit their official website at http://www.iff.com.

What is IFF's approach to innovation?

IFF embraces a passion for discovery, continuously exploring new possibilities to co-create unique scents and tastes in various industries.

International Flavors & Fragrances Inc.

NYSE:IFF

IFF Rankings

IFF Stock Data

23.05B
255.53M
0.06%
93.66%
1.41%
Specialty Chemicals
Industrial Organic Chemicals
Link
United States of America
NEW YORK