IFF Q4 2022 Earnings Report
Key Takeaways
IFF's Q4 2022 results showed a decrease in reported net sales, but an increase on a comparable currency neutral basis. The company focused on pricing and productivity to offset lower volumes. A refreshed growth-focused strategy was introduced to prioritize high-return businesses and drive long-term profitable growth.
Reported net sales decreased by 6%, but comparable currency neutral sales increased by 4%.
Loss before taxes was $5 million, while adjusted operating EBITDA was $441 million.
Reported EPS was $0.01, and adjusted EPS excluding amortization was $0.97 per diluted share.
The company expects full year 2023 sales to be approximately $12.5 billion.
IFF
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IFF Revenue by Segment
Forward Guidance
The Company expects full year 2023 sales to be approximately $12.5 billion, with an expected full year 2023 adjusted operating EBITDA of approximately $2.34 billion.