International Flavors & Fragrances Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

International Flavors & Fragrances (NYSE:IFF) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$2.82b (down 7.9% from 3Q 2022).
• Net income: US$25.0m (up from US$2.20b loss in 3Q 2022).
• Profit margin: 0.9% (up from net loss in 3Q 2022).
• EPS: US$0.098 (up from US$8.61 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Flavors & Fragrances Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that International Flavors & Fragrances is showing 3 warning signs in our investment analysis and 2 of those are potentially serious...

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