Based in New York, International Flavors & Fragrances Inc. (IFF) is a prominent player in the production of specialty ingredients. Valued at $25.06 billion by market cap, the company caters to the food, beverage, personal care, pharmaceutical, and household products industries by utilizing its expertise in biosciences, chemistry, flavors, and fragrances. The leading specialty ingredients producer is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, Aug. 6.
Ahead of the event, analysts expect IFF to report a profit of $0.90 per share on a diluted basis, up 4.7% from $0.86 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions.
