The chart below shows how IFF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IFF sees a -0.66% change in stock price 10 days leading up to the earnings, and a -5.47% change 10 days following the report. On the earnings day itself, the stock moves by +0.75%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Quarterly Performance: I F F delivered another quarter of solid results and significant bottom line improvement compared to a year ago.
Business Unit Growth: I F F achieved growth across all our business units with notable volume improvement across the entire portfolio.
Market Conditions and Team Drive: The combination of improved market conditions and our global team's passion and drive to serve our customers and address evolving needs was a major contributor to our performance.
Double-Digit EBITDA Growth: Comparable adjusted operating EBITDA grew by double-digits in the third quarter, primarily driven by volume performance and productivity gains.
Volume Growth Achievement: We delivered high-single-digit volume growth with broad-based contributions across each of our businesses.
Negative
Sales Guidance Increase: I F F had a net sales guidance range of $11.3 billion to $11.4 billion, which is almost $100 million higher than our previous guidance range.
Revenue Target Adjustment: We are tightening the range and are now targeting the high-end of our previously communicated range of $2.1 billion to $2.17 billion.
Adjusted Operating EBITDA Outlook: We expect to deliver full-year '24 adjusted operating EBITDA near the high-end of our previously communicated range of $2.1 billion to $2.17 billion.
Net Sales Increase Expectation: We are now expecting net sales to be in the range of $11.3 billion to $11.4 billion, up from our previously communicated range of $11.1 billion to $11.3 billion.
Financial Guidance Update: We are modifying our full-year '24 financial guidance.
International Flavors & Fragrances Inc. (IFF) Q3 2024 Earnings Call Transcript
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