International Flavors & Fragrances (NYSE:IFF) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$2.93b (up 3.7% from 3Q 2023).
- Net income: US$59.0m (up 136% from 3Q 2023).
- Profit margin: 2.0% (up from 0.9% in 3Q 2023).
- EPS: US$0.23 (up from US$0.098 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
International Flavors & Fragrances Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company’s shares are down 13% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for International Flavors & Fragrances that you should be aware of.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Explore Now for Free
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
