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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 (International Flavors & Fragrances Inc.) announces the launch of Sleepy's® Scented Pillow Inserts in collaboration with SleepScore Labs and Mattress Firm. The breakthrough, non-invasive solution is a science-based approach to promote better sleep quality. Each pillow insert is made of 70 percent repurposed cotton, to be changed weekly, with each box containing a three-month supply. This collaboration aims to reach millions of consumers nationwide, revolutionizing the way consumers experience sleep.
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IFF and BASF Collaborate to Bring Acclaimed Pharma Products to ZoomLab™, a Digital Formulation Platform, Offering Rapid and Accurate Formulation Predictions for Pharmaceutical Excipients
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IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023. In the third quarter, the company reported sales of $2.8 billion, a decrease of 8% compared to the prior-year period. Adjusted operating EBITDA was $506 million, a decline of 10% compared to the prior-year period. The reported EPS for the quarter was $0.10, while the adjusted EPS excluding amortization was $0.89 per diluted share. The company also generated strong free cash flow of $405 million.
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IFF announces continuation of cooperation agreement with Icahn Capital LP and its affiliates. They will renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.
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IFF (NYSE: IFF) has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on January 8, 2024 to shareholders of record as of December 28, 2023.
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Clariant to acquire IFF's Cosmetic Ingredients business unit for $810 million. The cash proceeds will be used to reduce outstanding debt. IFF will focus on core businesses for growth and returns.
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IFF (NYSE:IFF) will release its Q3 2023 earnings results on Nov. 6, 2023, followed by a webcast on Nov. 7, 2023, to discuss results and outlook. Investors can access the webcast on the Company's website. For replay, a recorded version will be made available.
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IFF awards scientists in human microbiota and animal nutrition and celebrates scientist's induction into the National Inventors Hall of Fame
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IFF launches its first sound logo named 'World of Scents' to evoke the human experience and represent its creative ambitions
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IFF receives regulatory approval for human milk oligosaccharide in China for infant formula
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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
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United States of America
NEW YORK