trending Market Intelligence /marketintelligence/en/news-insights/trending/wKC9jJI0AjVk0hYHBuHjmg2 content esgSubNav
In This List

International Flavors & Fragrances profit misses consensus by 23.7% in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


International Flavors & Fragrances profit misses consensus by 23.7% in Q1

International Flavors & Fragrances Inc. said its normalized net income for the first quarter amounted to $1.16 per share, compared with the S&P Capital IQ consensus estimate of $1.51 per share.

EPS declined year over year from $1.20.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $91.8 million, a decline from $96.0 million in the year-earlier period.

The normalized profit margin fell to 11.1% from 12.3% in the year-earlier period.

Total revenue climbed 5.7% year over year to $828.3 million from $783.3 million, and total operating expenses increased 9.0% on an annual basis to $670.3 million from $614.7 million.

Reported net income decreased year over year to $115.1 million, or $1.45 per share, from $117.7 million, or $1.47 per share.