April 25, 2017 7:37 PM ET

Chemicals

Company Overview of International Flavors & Fragrances Inc.

Company Overview

International Flavors & Fragrances Inc., together with its subsidiaries, creates, manufactures, and supplies flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products. The Fragrances segment provides fragrance compounds, which include fine fragrances comprising perfumes and colognes, as well as consumer fragrances for personal care, household products, and beauty care; fragrance ingredients comprising synthetic and natural ingredients that could be...

521 West 57th Street

New York, NY 10019

United States

Founded in 1833

6,932 Employees

Phone:

212-765-5500

Key Executives for International Flavors & Fragrances Inc.

Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $422.1K
Group President of Fragrances
Age: 53
Total Annual Compensation: $600.0K
Group President of Flavors
Age: 50
Total Annual Compensation: $518.8K
Executive Vice President, General Counsel and Corporate Secretary
Age: 57
Total Annual Compensation: $472.5K
Compensation as of Fiscal Year 2016.

International Flavors & Fragrances Inc. Key Developments

International Flavors & Fragrances Inc. Declares Quarterly Cash Dividend for First Quarter 2017, Payable on April 7, 2017

International Flavors & Fragrances Inc. announced that its Board of Directors has declared a regular first quarter cash dividend of $0.64 per share of the Company’s common stock, payable on April 7, 2017 to shareholders of record as of March 27, 2017.

International Flavors & Fragrances Inc Provides Capex Guidance for the Year 2017 and 2018

International Flavors & Fragrances Inc. provided Capex guidance for the year 2017 and 2018. For the year, the company expected CapEx, as a percent of sales, will peak between 4.5% and 5% of sales. These investments are focused on infrastructure projects in Greater Asia, like the company talked about in the past about China and India, technology deployment and creative center upgrades. Thereafter, The company expects to trend downwards towards a more normalized level of CapEx of approximately 3.5% of sales.

International Flavors & Fragrances Inc. Announces Earnings Results for the Fourth Quarter of 2016; Provides Earnings Guidance for the Year 2017

International Flavors & Fragrances announced earnings results for the fourth quarter of 2016. The company announced fourth quarter sales rose 7% to $762.559 million from the year-ago level. Non-GAAP EPS were $1.22. Operating cash flow increased 23% to $535 million or 17.2% of sales, an improvement of 280 basis points versus the full year 2015. Capital expenditures for the year finished at $126 million or approximately 4% of sales as the company continues to make investments to support new technologies and infrastructure. For the year 2017 sales on a currency neutral basis are seen up 7.5% - 8.5% from the prior year. Adjusted EPS are seen up 4.0% - 5.0%. Operating profit is expected to improve 5.5% to 6.5% on a currency neutral basis. Currency neutral EPS growth is expected to improve by 6.5 to 7.5 percentage points, led by a modestly lower effective tax rate and a continuation of share repurchase program.

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