2023-05-08 16:22:21 ET
- International Flavors & Fragrances press release ( NYSE: IFF ): Q1 Non-GAAP EPS of $0.87 misses by $0.02 .
- Revenue of $3.03B (-5.3% Y/Y) beats by $50M .
- The Company expects full year 2023 sales to be approximately $12.3 billion (previously $12.5 billion) vs $12.41B consensus, with an expected full year 2023 adjusted operating EBITDA of approximately $2.34 billion (no change). The change in sales guidance reflects energy and raw material pass-through price adjustments as well as unfavorable impact from foreign exchange.
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International Flavors & Fragrances Non-GAAP EPS of $0.87 misses by $0.02, revenue of $3.03B beats by $50M