International Flavors & Fragrances Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

International Flavors & Fragrances (NYSE:IFF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.93b (up 3.7% from 3Q 2023).
• Net income: US$59.0m (up 136% from 3Q 2023).
• Profit margin: 2.0% (up from 0.9% in 3Q 2023).
• EPS: US$0.23 (up from US$0.098 in 3Q 2023).

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 3.3%. Earnings per share (EPS) missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for International Flavors & Fragrances that you should be aware of.

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