$IFF (International Flavors & Fragrances Inc.)

$IFF {{ '2016-02-11T15:56:09+0000' | timeago}} • Webcast

Innovator of sensorial experiences $IFF said that in Flavors, it experienced unprecedented fluctuations in terms of customer order patterns. In Dec., the company unexpectedly experienced several large Flavors customers reducing their order intake, which impacted results. In Fragrances, the ingredients business remained under pressure.

$IFF {{ '2017-08-03T14:16:15+0000' | timeago}} • Announcement

$IFF has authorized a quarterly dividend of $0.69 per share of its common stock, an increase of $0.05 or 8% from the current quarterly dividend of $0.64 per share. The dividend is payable on Oct. 6, 2017 to shareholders of record as on Sept. 25, 2017.

$IFF {{ '2017-08-01T20:53:59+0000' | timeago}} • Announcement

$IFF announced that Stephen Williamson, SVP and CFO of Thermo Fisher Scientific, has been elected to the company's Board of Directors, effective immediately. Mr. Williamson will also be a member of the Audit Committee.

$IFF {{ '2017-06-26T16:24:20+0000' | timeago}} • Announcement

$IFF, a manufacturer of flavours and fragrances, has launched a new business unit named Tastepoint by IFF. The new company, created by merging David Michael & Co. and Ottens Flavors, is designed to service middle-market customer in North America.

$IFF {{ '2017-06-23T13:13:46+0000' | timeago}} • Announcement

$IFF and ZoomEssence Inc. have mutually agreed to settle all claims and counterclaims brought in a lawsuit in the United States District Court for New Jersey. Under the agreement, International Flavors & Fragrances will make a one-time payment to ZoomEssence of $56MM, and the parties will exchange full mutual releases.

$IFF {{ '2017-05-15T19:29:06+0000' | timeago}} • Announcement

$IFF has priced an underwritten public offering of $500MM in aggregate principal amount of 4.375% senior notes due 2047. Net proceeds will be used to repay at maturity $250MM of its outstanding 6.25% Series A Senior Notes due September 27, 2017, to repay debts and for general corporate purposes. The offering is expected to close on May 18, 2017.

$IFF {{ '2017-05-09T20:42:46+0000' | timeago}} • Webcast

$IFF had a product recall in 1Q17 in North America which was a contamination issue that was traced back to one of the suppliers. The customer and the FDA were notified following which a product recall was mandated. No illnesses were reported. The related sales and inventory write-off charge totaled about $1.8MM.

$IFF {{ '2017-05-09T20:30:42+0000' | timeago}} • Webcast

$IFF is seeing good performance in North America and Europe. In emerging markets, there are a lot of headwinds in terms of currency. There  is a lot of economic turmoil and volatility in Latin America, Middle East and China. The contribution of the emerging markets is not currently strong but $IFF believes it will see growth over time.

$IFF {{ '2017-05-09T20:21:07+0000' | timeago}} • Webcast

$IFF said 1Q17 was challenging from a revenue standpoint and full-year 2017 expectations are based on current views in terms of confirmed new wins. $IFF expects volume erosion and destocking to have less of an impact in 2017. $IFF expects improved performance particularly in 2H17 related to Lucas Meyer, and greater contribution from acquisitions.

$IFF {{ '2017-05-08T20:53:21+0000' | timeago}} • Announcement

For FY17, $IFF sees sales to increase 6-7% on adjusted basis (7.5-8.5% on currency neutral basis), compared to prior year. EPS is expected to grow 3.5-4.5% on adjusted basis (6.5-7.5% on currency neutral basis).

$IFF {{ '2017-05-08T20:48:53+0000' | timeago}} • Announcement

$IFF reported a dip in earnings for 1Q17, but recent acquisitions boosted the sales. The fragrance company posted a 2% YoY decline in net income to $115.7MM, or $1.45 per diluted share. Net sales grew 6% to $828.3MM driven by recent acquisitions and a strong performance in Flavors segment.

$IFF {{ '2017-05-04T16:06:11+0000' | timeago}} • Announcement

$IFF BoD has declared a regular quarterly cash dividend of $0.64 per share of its common stock, payable on July 7, 2017 to shareholders as on June 26, 2017.

$IFF {{ '2017-05-03T21:43:07+0000' | timeago}} • Announcement

$IFF BoD has declared a regular quarterly cash dividend of $0.64 per share of its common stock, payable on July 7, 2017 to shareholders as on June 26, 2017.

$IFF {{ '2017-04-28T15:55:32+0000' | timeago}} • Announcement

$IFF appointed Andrew Winston, author of The Big Pivot: Radically Practical Strategies for a Hotter, Scarcer, and More Open World and founder of Winston Eco-Strategies, to its Scientific Advisory Board (SAB).

$IFF {{ '2017-04-11T14:11:02+0000' | timeago}} • Announcement

$IFF acquired Columbia Phytotechnology LLC, a/k/a PowderPure on April 7, 2017. PowderPure focuses on whole fruits and vegetable powders, juice powders, as well as other specialty products. Financial terms of the deal have not been disclosed.

$IFF {{ '2017-04-10T20:48:46+0000' | timeago}} • Announcement

$IFF acquired Columbia Phytotechnology LLC, a/k/a PowderPure on April 7, 2017 for undisclosed terms. PowderPure utilizes its patented Infidri drying technology to create all-natural food ingredients by eliminating water while leaving the taste, nutrition and color matrix intact.

$IFF {{ '2017-03-08T13:02:48+0000' | timeago}} • Announcement

$IFF BoD has declared a regular quarterly cash dividend of $0.64 per share, payable on April 7, 2017 to shareholders of record as on March 27, 2017.

$IFF {{ '2017-02-16T19:12:41+0000' | timeago}} • Webcast

$IFF said it expects to unlock savings over the course of the next few years with its multi-year productivity program. Once fully implemented, the company expects savings from this productivity program to reach an annual run rate between $40MM and $45MM by the end of 2019.

$IFF {{ '2017-02-16T18:54:43+0000' | timeago}} • Webcast

$IFF said that Middle East and Africa continued to be a growth driver as a currency-neutral sales improved strong double digits in 2016. Strong growth was achieved across both Flavours and Fragrances segment.

$IFF {{ '2017-02-15T22:29:31+0000' | timeago}} • Announcement

During 4Q16, $IFF's Fragrances Business unit reported 1% rise in its sales to $384.9MM, helped by continued growth in Fabric Care, Home Care and Fragrance Ingredients. Sales o Flavors Business unit rose 13% to $43.4MM, driven by double-digit growth in Sweet and high-single-digit increases in Beverage, Dairy and Savory.

$IFF {{ '2017-02-15T22:26:30+0000' | timeago}} • Announcement

Fragrance company $IFF 4Q16 earnings rose marginally by 1%, helped by rise in revenue. Net income rose to $79.9MM, or  $1.00 per share, compared to $79.16MM, or $0.98 per share during 4Q15. Revenue rose 7% YoY to $762.5MM, helped by recent acquisitions of David Michael.

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