NYSE$IFF
International Flavors & Fragra · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
IFF's financial performance was impacted by COVID-19, with sales down but some segments showing resilience.
IFF reported a 7% decrease in sales to $1.20 billion for the second quarter of 2020, impacted by COVID-19 related pressures, particularly in Fine Fragrance and Food Service. Despite the sales decline, the company highlighted robust cash flow and announced an increase in the quarterly dividend, reflecting confidence in the business's long-term strategy.
- Second quarter sales totaled $1.20 billion, a 7% decrease compared to 2019, with currency neutral sales down 4%.
- Reported operating profit decreased by 40% to $119.4 million.
- Adjusted EPS excluding amortization was $1.36 per diluted share, compared to $1.61 in the year-ago period.
- The Board of Directors authorized a 3% increase in the quarterly dividend to $0.77 per share.
Headline financials
Revenue & EPS history
IFF · Revenue · Quarterly
$1.2B
Revenue by segment
IFF · $1.2B total across 2 segments · Q2 2020
- Taste$748M—62.4%
- Scent$450M—37.6%
Forward guidance
Due to the uncertainty surrounding the COVID-19 pandemic, the company's full year financial results cannot be reasonably estimated at this time.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.6%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-1.3%
Avg return
30 days after
56%
38 / 68 earnings
Positive
+11.0%
Q1 2026
Best reaction
-19.5%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.0% | +10.4% | +3.4% | |
| Q4 2025 | +5.9% | +7.5% | -9.6% | |
| Q3 2025 | +4.0% | +2.1% | +9.3% | |
| Q1 2025 | -7.0% | -3.6% | -2.9% | |
| Q4 2024 | -5.2% | -7.9% | -10.0% | |
| Q3 2024 | -11.5% | -6.8% | -10.1% | |
| Q2 2024 | -0.4% | +1.7% | +8.5% | |
| Q1 2024 | +8.9% | +12.2% | +13.2% | |
| Q4 2023 | -5.4% | -0.9% | +2.6% | |
| Q3 2023 | -1.5% | -1.3% | +4.1% | |
| Q2 2023 | -19.5% | -20.2% | -11.8% | |
| Q1 2023 | -6.4% | -13.8% | -15.8% | |
| Q4 2022 | -19.1% | -0.0% | -4.7% | |
| Q3 2022 | -3.6% | +6.0% | +14.0% | |
| Q2 2022 | -5.2% | -1.9% | -10.7% | |
| Q1 2022 | +2.7% | +8.2% | +8.8% | |
| Q4 2021 | +5.8% | +2.1% | -8.4% | |
| Q3 2021 | +6.6% | +6.3% | +3.2% | |
| Q2 2021 | +2.2% | +5.8% | +2.1% | |
| Q1 2021 | -5.3% | -3.6% | +0.4% | |
| Q4 2020 | +6.9% | +4.8% | +5.4% | |
| Q3 2020 | +3.6% | +3.3% | +6.1% | |
| Q2 2020 | -1.2% | -2.9% | -3.8% | |
| Q1 2020 | -0.8% | -4.6% | -0.7% | |
| Q4 2019 | -0.9% | -1.5% | -21.0% | |
| Q3 2019 | +10.4% | +9.1% | +15.0% | |
| Q2 2019 | -17.3% | -14.8% | -22.2% | |
| Q1 2019 | -3.5% | -2.7% | +0.9% | |
| Q4 2018 | -9.1% | -9.5% | -14.6% | |
| Q3 2018 | +1.9% | -0.1% | -5.3% | |
| Q2 2018 | +0.1% | -1.3% | -3.1% | |
| Q1 2018 | -11.0% | -10.2% | -11.6% | |
| Q4 2017 | +0.7% | -0.9% | -3.0% | |
| Q3 2017 | +1.1% | -1.0% | +3.7% | |
| Q2 2017 | +3.6% | +0.4% | +4.3% | |
| Q1 2017 | -7.4% | -6.1% | -1.0% | |
| Q4 2016 | +5.2% | +3.8% | +12.0% | |
| Q3 2016 | -2.0% | -8.0% | -3.1% | |
| Q2 2016 | +1.8% | +1.2% | +4.0% | |
| Q1 2016 | +6.5% | — | — | |
| Q4 2015 | -14.0% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | -5.5% | — | — | |
| Q4 2014 | +9.3% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -3.8% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | +4.1% | — | — | |
| Q3 2013 | +3.8% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | +2.0% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | +8.0% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | -12.2% | — | — | |
| Q2 2011 | +0.9% | — | — | |
| Q1 2010 | +1.8% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q2 2009 | +2.1% | — | — | |
| Q4 2009 | +2.1% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q2 2010 | +2.1% | — | — |
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