International Flavors & Fragrances Inc. (IFF) Earnings Call Transcripts
International Flavors & Fragrances Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, International Flavors & Fragrances Inc. (IFF) reported revenue of just under $2 billion, reflecting a 6% increase year-over-year, driven by strong volume growth across all segments. Adjusted EBITDA also grew by 6% to $408 million. Management raised full-year guidance, now expecting sales between $7.4 billion and $7.6 billion and EBITDA between $1.53 billion and $1.6 billion, indicating improved confidence in the company's performance despite ongoing macroeconomic uncertainties.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2B (beat) |
| Adjusted EBITDA | $408M (beat) |
| Free Cash Flow | $378M (beat) |
| Full Year Sales Guidance | $7.4B - $7.6B (positive) |
| Full Year EBITDA Guidance | $1.53B - $1.6B (positive) |
| Net Debt to Credit Adjusted EBITDA | 2.5x (positive) |
Guidance from management
Management expects full-year 2026 sales to be in the range of $7.4 billion to $7.6 billion and EBITDA to be between $1.53 billion and $1.6 billion, reflecting improved confidence in operational performance post-divestiture.
What management said
Thanks for the question, Abigail. This is Erik. I'll respond. First of all, I'm very proud of how our IFF team has been doing great work over the last 2.5 years to strengthen our balance sheet and get us on track to be a focused company with 3 great high innovation businesses Scent, Taste and Health & Biosciences. So we are exactly where we want to be with our portfolio with no significant divestitures left to do. No...
Thanks for the question, Ghansham. I would say, first of all, consumer demand has been resilient so far this year, as we all know. And that's despite uncertainties, inflationary pressures, just a lot of complexity. So far, we do not see signs of that changing yet, and we're not really hearing from customers any significant changes -- but we know there are risks and we are focused on working with our customers to brin...
What analysts pressed on
Analysts expressed concerns regarding the potential impact of inflationary pressures on consumer demand and the company's ability to maintain volume growth in the second half of the year. There were also questions about the management of stranded costs and their effect on margins.
Main topics on the call
- Revenue Growth Across Segments — IFF achieved revenue growth across all business segments, with Scents growing by 8%, Taste by 4%, and Health & Biosciences by 5%. Management noted, 'This strong performance was led by high single-digit growth in Scents a...
- Divestiture of Food Ingredients — The announced divestiture of the Food Ingredients business for approximately $4.3 billion is a key strategic move to streamline operations. This transaction is expected to enhance focus on higher-margin segments, with ma...
- Cost Management and Stranded Costs — Management indicated that stranded costs of about $100 million will temporarily pressure margins post-divestiture, but plans are in place to eliminate two-thirds of these costs within the first year. 'We are moving with ...
- Free Cash Flow Generation — Free cash flow for the first half of 2026 totaled $378 million, up $284 million year-over-year, indicating strong cash generation capabilities. Management emphasized, 'We remain focused on sustaining this momentum and co...
Read the full International Flavors & Fragrances Inc. transcript (Q2 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 — 53 calls on record spanning February 13, 2020 to August 5, 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 53 International Flavors & Fragrances Inc. earnings call transcripts on record, spanning February 13, 2020 to August 5, 2026. Based on this history, International Flavors & Fragrances Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.