INTERNATIONAL FLAVORS & FRAGRANCES INC
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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.
Sep 30, 2026 · Filed Nov 3, 2026
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 · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (DOLLARS AND SHARES IN MILLIONS EXCEPT PER SHARE AMOUNTS) | 2026 | 2025 | 2026 | 2025 |
| Net sales | $1,942 | $1,869 | $5,802 | $5,838 |
| Cost of sales | 1,117 | 1,070 | 3,295 | 3,363 |
| Gross profit | 825 | 799 | 2,507 | 2,475 |
| Research and development expenses | 170 | 162 | 494 | 487 |
| Selling and administrative expenses | 387 | 348 | 1,158 | 1,147 |
| Amortization of acquisition-related intangibles | 78 | 84 | 244 | 246 |
| Impairment of goodwill | 23 | — | 23 | 34 |
| Restructuring and other charges | 5 | 14 | 15 | 49 |
| Losses on sale of assets | 2 | — | 2 | 1 |
| Operating profit | 160 | 191 | 571 | 511 |
| Interest expense | 46 | 48 | 136 | 180 |
| Gain on extinguishment of debt | — | — | — | (488) |
| (Gains) losses on business disposals | (2) | — | (1) | 111 |
| Loss on assets classified as held for sale | 236 | — | 263 | — |
| Other expense, net | 14 | 13 | 47 | 52 |
| (Loss) Income from continuing operations before taxes | (134) | 130 | 126 | 656 |
| (Benefit) Provision for income taxes | (7) | 31 | 65 | (61) |
| Net (loss) income from continuing operations | (127) | 99 | 61 | 717 |
| Income (loss) from discontinued operations before tax | 99 | (74) | 143 | (1,090) |
| Provision (benefit) for income taxes from discontinued operations | 27 | (16) | 38 | 4 |
| Net income (loss) from discontinued operations | 72 | (58) | 105 | (1,094) |
| Net (loss) income | (55) | 41 | 166 | (377) |
| Net income attributable to non-controlling interests from continuing operations | — | — | 1 | 1 |
| Net income attributable to non-controlling interests from discontinued operations | — | 1 | 1 | 1 |
| Net (loss) income attributable to IFF shareholders | $(55) | $40 | $164 | $(379) |
| (Loss) Income per share - basic | ||||
| Continuing operations | $(0.50) | $0.39 | $0.24 | $2.81 |
| Discontinued operations | 0.28 | (0.23) | 0.41 | (4.29) |
| Net (loss) income per share - basic | $(0.22) | $0.16 | $0.65 | $(1.48) |
| (Loss) Income per share - diluted | ||||
| Continuing operations | $(0.50) | $0.39 | $0.23 | $2.80 |
| Discontinued operations | 0.28 | (0.23) | 0.41 | (4.28) |
| Net (loss) income per share - diluted | $(0.22) | $0.16 | $0.64 | $(1.48) |
| Average number of shares outstanding | ||||
| Average number of shares outstanding - basic | 253 | 256 | 254 | 255 |
| Average number of shares outstanding - diluted | 253 | 257 | 255 | 256 |
| Statement of Comprehensive Income (Loss) | ||||
|---|---|---|---|---|
| Net (loss) income | $(55) | $41 | $166 | $(377) |
| Other comprehensive (loss) income, after tax: | ||||
| Foreign currency translation adjustments | (69) | (47) | (236) | 1,115 |
| Gains (losses) on derivatives qualifying as hedges | 3 | — | 6 | (1) |
| Pension and postretirement liability adjustment | 1 | (1) | 7 | (50) |
| Other comprehensive (loss) income | (65) | (48) | (223) | 1,064 |
| Comprehensive (loss) income | (120) | (7) | (57) | 687 |
| Comprehensive income attributable to non-controlling interests | — | — | 1 | 1 |
| Comprehensive (loss) income attributable to IFF shareholders | $(120) | $(7) | $(58) | $686 |
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