IFF reports Q4 EPS 72c ex-amortization, consensus 75c

Reports Q4 revenue $2.7B, consensus $2.7B. “I am thrilled to join IFF at such an important and dynamic time for the company and our industry,” said IFF CEO Erik Fyrwald. “In the fourth quarter, IFF delivered solid results, including a sequential improvement in volume and double-digit adjusted operating EBITDA growth on a comparable currency neutral basis. In line with our commitment to strengthen our capital structure, we have updated our dividend policy to enable faster deleveraging and provide improved financial flexibility. As we look ahead, we recognize that the operating environment remains uncertain, yet we are cautiously optimistic that we can deliver improved financial results for our shareholders in 2024.”