INTERNATIONAL FLAVORS & FRAGRANCES INC
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
IFF$82.62-4.3%Stored close · as of Nov 6, 2026
Contents
Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - Three Months Ended March 31, 2025 and 2024
CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE AMOUNTS) | 2025 | 2024 |
| Net sales | $2,843 | $2,899 |
| Cost of sales | 1,808 | 1,875 |
| Gross profit | 1,035 | 1,024 |
| Research and development expenses | 164 | 166 |
| Selling and administrative expenses | 461 | 490 |
| Amortization of acquisition-related intangibles | 143 | 168 |
| Impairment of goodwill | 1,153 | — |
| Restructuring and other charges | 17 | 3 |
| Gains on sales of assets | — | (2) |
| Operating (loss) profit | (903) | 199 |
| Interest expense | 71 | 83 |
| Other expense, net | 20 | 1 |
| (Loss) income before taxes | (994) | 115 |
| Provision for income taxes | 23 | 54 |
| Net (loss) income | (1,017) | 61 |
| Net income attributable to non-controlling interests | 1 | 1 |
| Net (loss) income attributable to IFF shareholders | $(1,018) | $60 |
| Net (loss) income per share - basic and diluted | $(3.98) | $0.23 |
| Average number of shares outstanding - basic | 256 | 255 |
| Average number of shares outstanding - diluted | 256 | 256 |
| Statements of Comprehensive (Loss) Income | ||
| Net (loss) income | $(1,017) | $61 |
| Other comprehensive income (loss), after tax: | ||
| Foreign currency translation adjustments | 404 | (293) |
| Losses on derivatives qualifying as hedges | (1) | (7) |
| Pension and postretirement liability adjustment | 1 | 5 |
| Other comprehensive income (loss) | 404 | (295) |
| Comprehensive loss | (613) | (234) |
| Comprehensive income attributable to non-controlling interests | 1 | 1 |
| Comprehensive loss attributable to IFF shareholders | $(614) | $(235) |
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