International Flavors & Fragrances Full Year 2023 Earnings: EPS Misses Expectations
International Flavors & Fragrances (NYSE:IFF) Full Year 2023 Results
Key Financial Results
Revenue: US$11.5b (down 7.7% from FY 2022).
Net loss: US$2.57b (loss widened by 37% from FY 2022).
US$10.07 loss per share (further deteriorated from US$7.33 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
International Flavors & Fragrances EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with International Flavors & Fragrances (including 1 which shouldn't be ignored).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
