IFF Q4 2020 Earnings Report
Key Takeaways
IFF reported a slight decrease in net sales for the fourth quarter, but saw growth excluding the impact of an additional week of sales in the previous year. The company's performance reflects the diversity of its portfolio and the essential nature of its products.
Reported net sales for the fourth quarter totaled $1.27 billion, a decrease of 1% from $1.28 billion in 2019.
Reported operating profit for the fourth quarter was $100.6 million versus $116.8 million reported in 2019.
Reported earnings per share (EPS) for the fourth quarter was $0.57 per diluted share versus $0.70 per diluted share reported in 2019.
IFF completed its transformational combination to become a new industry leader.
IFF
IFF
IFF Revenue by Segment
Forward Guidance
For the full year 2021, the Company expects: Pro-forma sales to be approximately $11.5 billion, including approximately $507 million in sales for N&B in January 2021 and Pro-forma adjusted EBITDA margin to be approximately 23.2%
Revenue & Expenses
Visualization of income flow from segment revenue to net income