International Flavors & Fragrances Lifts FY22 Revenue Outlook

While reporting its first-quarter results on Monday, International Flavors & Fragrances Inc. (IFF) lifted sales outlook for the full year 2022.

The company expects full-year sales to be about $12.6 billion to $13.0 billion, up from previous guidance of $12.3 billion to $12.7 billion. Analysts polled by Thomson Reuters currently estimate revenues of $11.87 billion for the year.

The company continues to expect full-year 2022 adjusted operating EBITDA of about $2.5 billion to $2.6 billion.

The company said it updated full year guidance reflects the expected Microbial Control divestiture, which is anticipated to be complete on July 1, 2022, versus June 1, 2022 previously expected, as well as the addition of the Health Wright Products acquisition, which closed on April 1, 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT