International Flavors & Fragrances Inc. (IFF) Earnings Call Transcripts
International Flavors & Fragrances Inc.'s Latest Earnings Call - Q3 FY2026
In the third quarter of 2026, International Flavors & Fragrances Inc. (IFF) reported revenues of just under $2 billion, reflecting a 5% increase on a comparable currency-neutral basis. EBITDA rose 6% to $403 million, with a margin of 20.8%. Management raised the lower end of their full-year guidance, now expecting sales of approximately $7.5 billion to $7.6 billion and adjusted operating EBITDA of $1.55 billion to $1.6 billion, citing strong year-to-date performance and volume momentum despite ongoing macroeconomic challenges.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2 billion |
| EBITDA | $403 million |
| EBITDA Margin | 20.8% |
| Full Year Sales Guidance | $7.5 billion to $7.6 billion (positive) |
Guidance from management
Management raised the lower end of their full-year guidance, now expecting sales of approximately $7.5 billion to $7.6 billion and adjusted operating EBITDA of $1.55 billion to $1.6 billion, reflecting confidence in continued volume momentum despite challenges in the Health & Biosciences segment.
What management said
Yes. Thanks for the question, Patrick. The U.S. and Europe were particularly strong, with some exciting new wins with major fragrance houses. And I would say that the demand or the desire from consumers continue in those regions. In terms of the Middle East, we have seen stabilization of the business and some indications of growth. But given that very unstable geopolitical situation, we remain cautious about the fu...
Thanks for the question, Sal. We continue to focus Fragrance Ingredient sales on the higher-value specialties, including naturals. And the strengthening pipeline that I talked about before, has started to deliver not only for Fine Fragrance and Consumer Fragrance, but also for Fragrance Ingredients. And we see that pipeline continuing to advance and will deliver more in '27 and beyond. So that's our strategy. We're t...
What analysts pressed on
Analysts expressed concerns regarding the Health & Biosciences segment's performance and the impact of cost inflation on profitability. Questions focused on the timeline for recovering pricing parity and the potential for continued market softness affecting future growth.
Main topics on the call
- Revenue Growth Across Segments — IFF achieved year-over-year revenue growth across all business segments, with Taste and Scent leading the way with mid-single-digit growth. CEO Erik Fyrwald stated, "Our solid third quarter was led by mid-single-digit sa...
- Portfolio Transformation Progress — Management highlighted the ongoing portfolio transformation, including the divestiture of Food Ingredients, which is expected to close by mid-2027. Fyrwald noted, "Our portfolio now reflects our commitment to a sharper, ...
- Increased Shareholder Returns — IFF completed a $500 million accelerated share repurchase program and announced a new $2.5 billion share repurchase authorization. This underscores management's confidence in the business's direction, as stated by Fyrwal...
- Challenges in Health & Biosciences — The Health & Biosciences segment faced market softness, impacting profitability. CFO Michael Deveau mentioned, "In Q4, the margin and profitability performance in H&B is really... impacted by volume softness within the H...
Read the full International Flavors & Fragrances Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (IFF) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 55 calls on record spanning February 13, 2020 to November 4, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 55 International Flavors & Fragrances Inc. earnings call transcripts on record, spanning February 13, 2020 to November 4, 2026. Based on this history, International Flavors & Fragrances Inc. reports quarterly. The most recent call on file is dated November 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.