International Flavors & Fragrances beats quarterly sales and profit estimates

International Flavors & Fragrances

05/05/2026 22:13

May 5 (Reuters) -
Food ingredients maker International Flavors & Fragrances IFF.N beat Wall Street expectations for first-quarter sales and profit on Tuesday, helped by steady demand for its products.

The company has been selling its non-core businesses and sharpening its focus on flavors, fragrances and health ingredients as consumer spending on health and wellness remains resilient amid macroeconomic uncertainties.

Shares of the New York-based company were up about 5% in after-market trading.

Last year, the company sold its pharma solutions business to French plant-based ingredients maker Roquette in a deal valued at $2.85 billion.

Adjusted operating Earnings Before Interest, Taxes, Depreciation, and Amortisation for IFF's food ingredients segment rose 12% in the quarter, but the scent segment's fell 2% due to high input costs.

“We delivered volume growth in all four segments, improved profitability, and generated strong cash flow in the first quarter," said CEO Erik Fyrwald.

The company's quarterly net sales of $2.74 billion beat analysts' average estimate of $2.64 billion, according to data compiled by LSEG.

It posted quarterly adjusted profit of $1.25 per share, compared with analysts' estimate of $1.07.

The company, which provides ingredients and flavor solutions for food and beverage products, maintained its annual sales forecast in the range of $10.5 billion to $10.8 billion.

IFF also reaffirmed its annual forecast for adjusted operating core profit of $2.05 billion to $2.15 billion.

 (Reporting by Koyena Das and Sanskriti Shekhar in Bengaluru; Editing by Sahal Muhammed)

 ((koyena.das@thomsonreuters.com))