International Flavors & Fragrances up after annual forecasts in line with expectations

International Flavors & Fragrances

12/02/2026 16:42

** Shares of food ingredients maker International Flavors & Fragrances IFF.N rise as much as 9.2% to nearly a year's high of $84

** Co forecasts annual revenue and profit that largely met Wall Street expectations after market close on Wednesday, along with mixed quarterly results

** Announces launch of sale of food ingredients business, its biggest segment by revenue, which fell 4% in sales in Q4 on a currency-neutral basis

** Says the business has attracted potential acquirer firms, and will use proceeds from sale to buy back shares, pay down debt as co looks to focus on high-value core businesses

** Expects $100 million investment in 2025 into innovation capabilities, high-growth margin categories will show benefit co in second half of 2026 onwards

** Average rating of 21 brokerages is "buy"; with a median PT of $85 - data compiled by LSEG

** Shares fell 20.3% in 2025

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))