International Flavors & Fragrances Inc. (IFF)

The company now

IFF reported second-quarter 2026 sales of $1.95 billion from continuing operations on 4 August 2026, up 2 percent from the year before 3.

Continuing operations leaves out the Food Ingredients business, which IFF now reports separately as a business it is leaving 3. Income before taxes was $64 million, and adjusted operating EBITDA, a profit measure that leaves out interest, taxes, depreciation and one-off items, was $408 million 3.

The larger story is the planned exit from Food Ingredients 5. IFF agreed on 28 May 2026 to divest it to funds advised by CVC Capital Partners in a deal worth about $4.3 billion 5.

IFF expects about $3.8 billion in net cash and plans to keep about 10 percent of the business, with closing expected by the end of the second quarter of 2027 53.

The open questions are regulatory approvals and how IFF uses the cash 5. On 4 August 2026 the board authorized a $2.5 billion share repurchase program, beginning with $500 million in the second half of 2026 3.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.