International Flavors & Fragrances Inc. (IFF) posted second-quarter net income of $88.6 million or $1.08 per share versus $76.2 million or $0.93 per share last year. Excluding restructuring and other charges, which accounted for $0.04 per share in the second quarter of 2011, adjusted earnings per share increased 11% to $1.08 from $0.97 in the second quarter of 2011.
Reported revenue for the quarter rose to $721.3 million from $715.6 million in the previous year. Excluding the impact of foreign currency, local currency sales increased 4%. On a like-for-like basis, which excludes the exit of low-margin sales activities in Flavors, local currency sales climbed 5%.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share on revenues of $729.41 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.