IFF Q1 sales beat estimates

International Flavors & Fragrances

05/05/2026 21:27

Overview

U.S. flavors and fragrances maker's Q1 sales fell 4% but beat analyst expectations

Adjusted EPS for Q1 beat consensus, aided by volume growth and productivity gains

Company reaffirmed full-year 2026 guidance and is progressing Food Ingredients sale process

Outlook

IFF expects full-year 2026 sales of $10.5 bln to $10.8 bln

Company sees 2026 adjusted operating EBITDA at $2.05 bln to $2.15 bln

IFF expects divestitures to have 5% adverse impact on 2026 sales and EBITDA growth

Result Drivers

VOLUME GROWTH - Co said all four segments saw volume growth, supporting comparable currency-neutral sales and adjusted operating EBITDA gains

PRODUCTIVITY GAINS - Productivity improvements contributed to higher adjusted operating EBITDA, particularly in Taste and Food Ingredients segments

SEGMENT MIX - Scent segment margins were pressured as volume growth and productivity gains were offset by unfavorable price to input cost

Company press release: ID:nBw5WxRsha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$2.74 bln
$2.64 bln (10 Analysts)
Q1 Adjusted EPS
Beat
$1.25
$1.07 (12 Analysts)
Q1 EPS
$0.66
Q1 Net Income
$170 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "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 $90.00, about 28.4% above its May 4 closing price of $70.09

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)