IFF · 10-Q · 2026Q2

INTERNATIONAL FLAVORS & FRAGRANCES INC

Filed 2026-08-04 · Industrials · View original filing on EDGAR

Ranked Events

• Capital Expenditures and ReturnsImportance 73 · Surprise 50
  IFF spent $301 million on property, plant, and equipment during the first six months of 2026 and expects full-year 2026 capital spending to equal approximately 6.0% of total company sales, up from 5.5% in 2025. The…
• Regulatory RiskImportance 72 · Surprise 74
  Selling and administrative expenses included higher regulatory costs, contributing to a $28 million increase in second-quarter S&A expense to $437 million. Regulatory costs totaled $71 million in second-quarter 2026…
• Portfolio Reshaping (M&A / Divestiture)Importance 71 · Surprise 60
  On May 29, 2026, IFF entered into a definitive agreement to divest its Food Ingredients disposal group and classified that group, together with the SCL disposal group, as discontinued operations during the second…
• Acquisitions and DivestituresImportance 71 · Surprise 60
  IFF entered into a definitive agreement on May 29, 2026 to divest its Food Ingredients disposal group, which was classified as held for sale and discontinued operations in the second quarter. The Food Ingredients group…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Operating cash flow increased $311 million to $679 million in the first six months of 2026 from $368 million in 2025. The improvement was primarily driven by lower working capital, including inventory and accounts…
• Capital Expenditure OutlookImportance 67 · Surprise 50
  IFF spent $301 million on property, plant and equipment during the first six months of 2026. Management re-prioritized capital projects and expects 2026 capital spending to equal approximately 6.0% of total company…
• Capital Return ProgramImportance 64 · Surprise 42
  On August 4, 2026, IFF's Board authorized an enhanced share-repurchase program with a total value of $2.5 billion, including approximately $400 million remaining under the prior authorization. The Board also authorized…
• Supply Chain Tariff ImpactImportance 52 · Surprise 42
  IFF recognized tariff refunds as a benefit to gross profit and cost of sales in the second quarter and first six months of 2026. The refunds contributed to the $29 million year-over-year increase in second-quarter…
• End-Market Demand TrendsImportance 49 · Surprise 32
  Second-quarter Taste sales rose 4% on a comparable currency-neutral basis, driven primarily by volume and price increases in Flavors serving savory foods, beverages, sweets, dairy, food service and alternative-protein…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  Cash and cash equivalents totaled $569 million at June 30, 2026, down from $590 million at December 31, 2025. Total debt was $5.735 billion and net debt was $5.166 billion, producing a…
• Gross Margin DriversImportance 49 · Surprise 32
  Second-quarter gross profit increased $29 million, or 4%, to $853 million, and gross margin expanded 80 basis points to 43.7% from 42.9%. Six-month gross profit increased to $1.682 billion from $1.676 billion, while…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 continuing-operations sales increased $35 million, or 2% reported, to $1.954 billion, while comparable currency-neutral sales increased 6% year over year. Taste sales rose 5% to $688 million, Health…
• Headcount / RestructuringImportance 45 · Surprise 64
  Second-quarter restructuring and other charges declined to $6 million from $20 million in the prior-year quarter. Six-month restructuring charges declined to $10 million from $35 million. The reduction primarily…
• Income Tax Rate ChangesImportance 42 · Surprise 64
  The second-quarter effective tax rate increased to 48.4% from negative 25.6% in the prior-year quarter. The six-month effective tax rate increased to 27.7% from negative 17.5%. The changes were driven by increased…
• Operating Expense TrendsImportance 42 · Surprise 14
  Second-quarter R&D expense was unchanged at $170 million, representing 8.7% of sales versus 8.9% in 2025. Second-quarter S&A expense increased $28 million to $437 million, or 22.4% of sales, primarily because of higher…
• FX / Currency HeadwindsImportance 31 · Surprise 32
  Exchange-rate movements provided a favorable $35 million, or 2%, impact on second-quarter sales and a 3% favorable impact on first-six-month sales. Currency effects varied by business and region based on the mix of…

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