NYSE$IFF

International Flavors & Fragra · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

IFF reported a revenue increase but faced margin pressure in Q4 2024.

IFF's Q4 2024 revenue increased by 3% YoY to $2.77 billion, driven by broad-based growth across all divisions. However, the company reported a net loss of $46 million, with an operating margin of 17.0%, reflecting reinvestments and cost pressures. Adjusted EPS was $0.97.

  • Revenue grew by 3% YoY to $2.77 billion.
  • Net loss of $46 million, a significant improvement from Q4 2023.
  • Operating margin slightly declined to 17.0%.
  • Adjusted EPS increased to $0.97, reflecting improved financial discipline.

Headline financials

Total Revenue

$2.77B

Previous: $2.7B+2.5%
EPS (adj)

$0.97

Previous: $0.72+34.7%
Adjusted Operating EBITDA

$471M

No prior period
Operating EBITDA Margin

17.0%

Previous: 0.2%+9841.5%
Net Income

-$46M

Previous: -$2.61B+98.2%
Operating Income

$127M

Previous: -$2.54B+105.0%
Gross Profit

$980M

Previous: $860M+14.0%

Revenue & EPS history

IFF · Revenue · Quarterly

$2.77B

Q4 2024+2.5%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

IFF · $615M total across 1 segment · Q3 2023

  • Scent
    $615M+4.1%

Forward guidance

IFF expects 2025 revenue between $10.6 billion and $10.9 billion, with EBITDA expected to grow 5-10% on a comparable currency-neutral basis. However, foreign exchange and divestitures will impact reported results.

Tailwinds

  • Revenue expected to grow between 1% and 4% in 2025.
  • Volume growth anticipated across all businesses.
  • EBITDA expected to outpace sales growth (5-10% YoY).
  • Increased investment in R&D and operational capacity.
  • Continued cost efficiencies to support margin improvement.

Headwinds

  • Foreign exchange impact expected to reduce sales by ~4%.
  • Divestitures will reduce reported sales by ~5%.
  • Macroeconomic uncertainties may impact demand.
  • Rising input costs could pressure margins further.
  • Higher reinvestment in strategic initiatives may weigh on short-term profitability.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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