International Flavors & Fragran
63.28-1.60 (-2.47%)
Oct 29, 4:00:02 PM EDT · NYSE · IFF · USD
Key Stats
Market Cap
16.22BP/E (TTM)
-Basic EPS (TTM)
-1.54Dividend Yield
0.02%Recent Filings
8-K
Board appoints Icahn, Mulligan
International Flavors & Fragrances refreshed its board on October 20, 2025, replacing Vincent Intrieri with Brett Icahn as the Icahn Group designee and Margarita Paláu-Hernández with independent director Richard Mulligan, per the 2023 Cooperation Agreement. Icahn, 45, brings investment expertise from Icahn Capital to the Audit and Transaction Committees; Mulligan, 71, adds genetics and biotech savvy to the Innovation Committee. Departures stemmed from no disagreements. Both qualify as independent.
8-K
IFF appoints new CAO
International Flavors & Fragrances appointed Marc Birenkrant as Controller & Chief Accounting Officer, effective August 10, 2025, replacing Beril Yildiz who departs December 31, 2025. Birenkrant brings over 30 years in finance, including 16 at IFF in rising roles. Yildiz will transition duties smoothly. Her exit triggers the executive severance policy.
8-K
IFF Q2 results, divestiture, buyback
IFF reported Q2 2025 sales of $2.8B, down 4% reported but up 3% currency neutral, with adjusted operating EBITDA at $552M, up 6% currency neutral, driven by volume growth and productivity. The company entered a definitive agreement to sell its soy crush, concentrates, and lecithin business to Bunge by year-end 2025, aligning with portfolio reshaping toward value-added offerings, while authorizing a $500M share repurchase program funded by cash flows. Leverage dropped to 2.5x after debt tender; full-year guidance reaffirmed despite moderating H2 growth. Divestitures sharpen focus, yet regulatory costs linger.
10-Q
Q2 FY2025 results
IFF's Q2 sales dipped 4% year-over-year to $2.764B, reflecting divestitures of the Pharma Solutions group and Nitrocellulose business, yet comparable figures rose 3% on volume gains across segments. Gross margin edged up to 37.3% from productivity and lower input costs, while operating profit climbed 4% to $198M amid a $488M gain on debt extinguishment that slashed interest burdens. Cash swelled to $816M after netting $2.5B from sales, funding $2.4B in debt repayment and leaving revolver fully available under eased covenants. Free cash flow hit $94M (derived), bolstering liquidity. Divestitures sharpened focus on core Taste and Scent lines. Antitrust probes in fragrances linger as a key watchpoint.
8-K
IFF appoints two directors
International Flavors & Fragrances bolstered its board on July 29, 2025, appointing Jesus Mantas and Paul Fribourg as independent directors. Mantas, ex-IBM Consulting leader with M&A expertise, joins the Audit and Innovation Committees; Fribourg, Conti Grain CEO with deep agribusiness ties, takes the Transaction Committee seat. These additions bring transformation savvy and food-sector insight. No related transactions disclosed.
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