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International Flavors & Fragrances Inc

IFF

International Flavors & Fragrances Inc plunged 19% to $65 after the company reported weaker-than-expected quarterly results.

Revenue in the second quarter declined 11% to $2.9 billion from $3.3 billion and net income plunged 75% to $27 million from $109 million and diluted earnings per share dropped to 11 cents from 43 cents a year ago.

The company revised lower its full-year revenue outlook to between $11.3 billion and $11.6 billion from the previous estimate of $12.3 billion.

the fragrance company also lowered its adjusted earnings outlook to between $1.85 billion and $2.0 billion from the previous estimate of $2.34 billion.

The company declared a regular dividend of 81 cents a share payable to shareholders on October 5 to shareholders on record September 22.
Aug 8, 2023

Year	Mar	Jun	Sep	Dec	Annual

2023	-0.04	0.11	0.10	-	-
2022	-	-	-	-0.11	-7.32
2021	-	-	-	1.1	1.1
2020	-	-	-	3.21	3.21
2019	0.96	1.30	1.53	4	4
2018	1.63	1.25	1.17	-0.26	3.79
2017	1.52	1.50	1.47	1.40	5.89
2016	1.47	1.47	1.34	1.22	5.5
2015	1.45	1.36	1.39	1.05	5.25
2014	1.30	1.35	1.31	1.10	5.06
2013	1.10	1.24	1.20	0.75	4.29
2012	0.99	1.08	0.20	0.82	3.09
2011	1.03	0.93	1.00	0.30	3.26
2010	0.80	0.83	0.95	0.68	3.26
2009	0.60	0.60	0.66	0.60	2.46
2008	0.69	0.83	0.73	0.61	2.86
2007	0.69	0.87	0.67	0.58	2.81
2006	0.58	0.67	0.70	0.53	2.48
2005	0.55	0.60	0.72	0.17	2.04