Flavors and fragrances maker IFF's Q2 sales rise 2%, unveils $2.5 bln buyback

International Flavors & Fragrances

04/08/2026 21:34

Overview
US flavors and fragrances maker's Q2 sales rose 2%
Company announced $2.5 bln share buyback, including $500 mln accelerated repurchase in H2 2026

Outlook
IFF expects 2026 sales of $7.4 bln to $7.6 bln from continuing operations
Company sees 2026 adjusted operating EBITDA of $1.53 bln to $1.60 bln
IFF expects 2026 comparable currency neutral sales growth of 2% to 4%

Result Drivers
VOLUME GROWTH - Co said Q2 performance was driven by volume growth across segments
SEGMENT GROWTH - Scent segment led with high-single digit sales growth, while Taste and Health & Biosciences saw mid-single digit gains
PRODUCTIVITY GAINS - Co said productivity improvements contributed to higher adjusted operating EBITDA

Company press release: ID:nBw6l9vWfa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$1.95 bln
 
Q2 Adjusted EPS
 
$0.82
 
Q2 EPS
 
$0.20
 
Q2 Net Income
 
$51 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for International Flavors & Fragrances Inc is $91.00, about 12.9% above its August 3 closing price of $80.58
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)