- International Flavors & Fragrances press release ( NYSE: IFF ): Q2 Non-GAAP EPS of $1.54 beats by $0.09 .
- Revenue of $3.31B (+7.1% Y/Y) beats by $60M .
- On a comparable basis, currency neutral sales increased 11%, led by double-digit growth in Nourish and Pharma Solutions.
- Reaffirms Guidance: The company continues to expect full year 2022 sales to be approximately $12.6 billion to $13.0 billion vs. consensus of $12.65 billion , with an expected full year 2022 adjusted operating EBITDA of approximately $2.5 billion to $2.6 billion.
- The Company continues to expect to deliver comparable currency neutral sales growth of approximately 9% to 12% for the full year 2022, with comparable currency neutral adjusted operating EBITDA growth to be approximately 4% to 8%.
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International Flavors & Fragrances Non-GAAP EPS of $1.54 beats by $0.09, revenue of $3.31B beats by $60M