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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.