IFF reports Q3 adjusted EPS $1.04 ex-amortization, consensus $1.08

Reports Q3 revenue $2.9B, consensus $2.83B. “We are pleased to report a strong performance in the third quarter, with growth across all business segments,” stated IFF (IFF) CEO Erik Fyrwald. “Market recovery off prior year lows and our global team’s passion to address the needs of our customers drove notable volume recovery in every division. This achievement, coupled with our focus on productivity, has resulted in significant bottom-line improvement compared to the same period last year. Taking into account our strong performance in the third quarter and our continued cautiously optimistic outlook for the fourth quarter, we are increasing our full year 2024 financial guidance. We are making solid progress but have a lot of exciting work ahead of us to unleash the full potential of IFF.”