IFF - International Flavors & Fragrances Tops Q3 Estimates Discloses Continuation Of Cooperation Agreement With Icahn Capital | Benzinga
International Flavors & Fragrances Inc (NYSE: IFF) reported Q3 FY23 revenue of $2.82 billion (down 8% Y/Y), beating the consensus of $2.77 billion.
On a comparable basis, currency-neutral sales fell 3% Y/Y due to weakness in Nourish (-7% Y/Y) and Pharma Solutions (-9% Y/Y) business.
Operating cash flow at the end of the third quarter was $795 million, and FCF totaled $405 million.
Segment Adjusted operating EBITDA declined to $506 million from $612 million a year ago.
Adjusted EPS of $0.89, beating the street view of $0.75.
As of September 30, 2023, cash, cash equivalents, and restricted cash stood at $639 million.
Dividend: IFF declared a quarterly cash dividend per share of $0.81, ...