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Mar 31, 2020
IFF Q1 2020 Earnings Report
IFF's first quarter 2020 results were reported, demonstrating resilience amidst challenging circumstances.
Key Takeaways
IFF reported a 4% increase in net sales to $1.35 billion for the first quarter of 2020. The company's EPS was $1.15, and adjusted EPS excluding amortization was $1.62. Strong performance in Scent and Taste segments drove the growth, while the company withdrew its full-year financial guidance due to COVID-19 related uncertainty.
IFF reported a 4% increase in net sales, reaching $1.35 billion, driven by growth in Scent and Taste segments.
Reported EPS was $1.15 per diluted share, while adjusted EPS excluding amortization was $1.62 per diluted share.
The company saw strong demand for ingredients and solutions used in consumer products like packaged food, beverage, and hygiene products.
IFF withdrew its full-year financial guidance due to the uncertainty caused by the COVID-19 pandemic.
Revenue by Segment
Forward Guidance
Due to the evolving COVID-19 pandemic, IFF has withdrawn its full-year financial guidance, citing uncertainty around the ultimate impact on its financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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