Q - INTERNATIONAL FLAVORS & FRAGRANCES
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 5, 2025
IFF$82.62-4.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements (Unaudited)
ITEM 1. FINANCIAL STATEMENTS.
CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| (DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE AMOUNTS) | 2025 | 2024 | 2025 | 2024 |
| Net sales | $2,764 | $2,889 | $5,607 | $5,788 |
| Cost of sales | 1,734 | 1,821 | 3,542 | 3,696 |
| Gross profit | 1,030 | 1,068 | 2,065 | 2,092 |
| Research and development expenses | 182 | 173 | 346 | 339 |
| Selling and administrative expenses | 483 | 493 | 944 | 983 |
| Amortization of acquisition-related intangibles | 145 | 153 | 288 | 321 |
| Impairment of goodwill | — | 64 | 1,153 | 64 |
| Restructuring and other charges | 21 | 2 | 38 | 5 |
| Losses (gains) on sale of assets | 1 | (8) | 1 | (10) |
| Operating profit (loss) | 198 | 191 | (705) | 390 |
| Interest expense | 61 | 79 | 132 | 162 |
| Gain on extinguishment of debt | (488) | — | (488) | — |
| Losses (gains) on business disposals | 81 | (368) | 81 | (368) |
| Loss on assets classified as held for sale | — | 282 | — | 282 |
| Other expense, net | 10 | 15 | 30 | 16 |
| Income (loss) before income taxes | 534 | 183 | (460) | 298 |
| (Benefit) provision for income taxes | (78) | 11 | (55) | 65 |
| Net income (loss) | 612 | 172 | (405) | 233 |
| Net income attributable to non-controlling interests | — | 2 | 1 | 3 |
| Net income (loss) attributable to IFF shareholders | $612 | $170 | $(406) | $230 |
| Net income (loss) per share - basic | $2.39 | $0.67 | $(1.59) | $0.90 |
| Net income (loss) per share - diluted | $2.38 | $0.66 | $(1.59) | $0.90 |
| Average number of shares outstanding - basic | 256 | 255 | 256 | 255 |
| Average number of shares outstanding - diluted | 257 | 256 | 256 | 256 |
| Statement of Comprehensive Income (Loss) | ||||
| Net income (loss) | $612 | $172 | $(405) | $233 |
| Other comprehensive income (loss), after tax: | ||||
| Foreign currency translation adjustments | 758 | (128) | 1,162 | (421) |
| Gains (losses) on derivatives qualifying as hedges | — | 1 | (1) | (6) |
| Pension and postretirement liability adjustment | (50) | 3 | (49) | 8 |
| Other comprehensive income (loss) | 708 | (124) | 1,112 | (419) |
| Comprehensive income (loss) | 1,320 | 48 | 707 | (186) |
| Comprehensive income attributable to non-controlling interests | — | 2 | 1 | 3 |
| Comprehensive income (loss) attributable to IFF shareholders | $1,320 | $46 | $706 | $(189) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.