Company Overview

International Flavors & Fragrances Inc. (IFF) is the global leader in flavors, fragrances, food ingredients, health, and biosciences, delivering groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses, and enhancing the human experience. As the largest specialty ingredients producer globally, IFF sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries.

Founded in 1909 and headquartered in New York, New York, the company makes proprietary formulations, partnering with customers to deliver custom solutions. IFF's portfolio has changed significantly in recent years with the acquisition of DuPont's nutrition and biosciences business in 2021 and Frutarom in 2018.

Business Segments

IFF operates in four main segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

Nourish Segment

The Nourish segment consists of a portfolio of natural-based ingredients that includes plant-based specialty food ingredients, such as soy and pea protein with value-added formulations, emulsifiers, and sweeteners; food protection ingredients, including natural antioxidants and anti-microbials for natural food preservation and shelf-life extension; savory solutions, such as spices, marinades, and mixtures; combining flavourings with fruits, vegetables, and other natural ingredients products; a range of flavor compounds used in savory products, such as soups, sauces, meat, fish, poultry, and snacks; and beverages (juice drinks, carbonated or flavored beverages, and spirits), as well as sweets (bakery products, candy, cereal, and chewing gum); and dairy products (such as yogurt, ice cream, and cheese), as well as spices and seasoning ingredients.

Health & Biosciences

The Health & Biosciences segment is comprised of health, cultures and food enzymes, home and personal care, animal nutrition, and grain processing. This business generates 30% of profits and is a global leader in probiotics and enzymes.

Scent Segment

The Scent segment creates fragrance compounds and fragrance ingredients. Through its taste and scent segments, which each generate around 25% of profits, IFF is a leading flavor and fragrances producer.

Pharma Solutions

The Pharma Solutions segment produces cellulosics and seaweed-based pharmaceutical excipients.

Financial Performance

Market Capitalization

• Market Cap: $17 Billion (as of September 11, 2025)

• Market Cap: $16.28 Billion USD (as of September 2025)

Revenue Performance

• Full Year 2024 Revenue: $11.48 Billion USD (increase from $11.47 Billion USD in 2023)

• Q2 2025 Revenue: $2.76 Billion USD (decrease of -4.33% from the prior year's comparable quarter)

• Last Twelve Months (to June 30, 2025) Revenue: $11.30 Billion USD (down -0.07% year-over-year)

Key Financial Metrics

• PE Ratio: 14.62 (as of September 19, 2025)

• Forward Dividend & Yield: 1.60 (2.49%)

• Ex-Dividend Date: September 29, 2025

Leadership and Recent Performance

CEO Erik Fyrwald stated that "IFF delivered a solid performance in 2024, reflecting the hard work and dedication of our global team. Their commitment to serving our customers with industry-leading innovation drove strong top and bottom-line financial results." In 2025, the company will strategically increase its investment in R&D, commercial, capacity, and technology as it aims to continue to strengthen IFF.

Sustainability and Innovation

IFF has demonstrated a strong commitment to sustainability and innovation. IFF-enabled products helped avoid 27.3 million metric tons of carbon dioxide equivalent emissions in 2024 — 16.5 times more than the company's own manufacturing emissions. About 79% of new products launched in 2023–24 included a sustainability value proposition, supporting IFF's 2030 goal for all new innovations to benefit people and the planet.

The company has received recognition including 2024 EcoVadis Platinum, CDP Climate A List, USA TODAY's America's Climate Leaders 2025, and Newsweek's America's Most Responsible Companies 2025, among many others.

Strategic Outlook

IFF's full year guidance includes six months of Pharma Solutions results with the divestiture assumed to close on June 30, 2025. The company continues to focus on its core strengths in specialty ingredients while strategically reshaping its portfolio to enhance long-term value creation for shareholders.

IFF remains well-positioned as a market leader in the specialty ingredients industry, leveraging its extensive global footprint, innovative capabilities, and commitment to sustainability to serve diverse end markets worldwide.

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