IFF · 8-K · 20260804PR000032
Acquisition / Partnership / Divestiture
INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 71 · Surprise 60 · Contradicted
IFF’s recast periods exclude the Food Ingredients and Soy Crush, Concentrates and Lecithin disposal groups from continuing operations. The company completed the sale of the Pharma Solutions disposal group, which generated $369 million of 2025 sales and $76 million of 2025 Adjusted Operating EBITDA before disposal. 2025 losses on business disposals were $109 million, primarily related to the Pharma Solutions sale and partially offset by gains on the Nitrocellulose and Rene Laurent business sales. Recast first-quarter 2026 divestiture and integration costs were $5 million, excluding costs associated with the planned Food Ingredients divestiture.
Key facts
- Losses (gains) on business disposals for the three months ended June 30, 2025: $111 million source
- Divestiture and integration costs for the three months ended March 31, 2026 (As Reported): $(24) million source
- Divestiture and integration costs for the three months ended March 31, 2026 (Recast): $(5) million source
- 2026 and 2025 as reported and recast “Divestiture and Integration Costs” primarily consisted of external consulting fees, professional and legal fees and salaries of individuals fully dedicated to such efforts source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -5.7% | Losses (gains) on business disposals for the three months ended June 30, 2025: $111 million |