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IFF (International Flavors & Fragrances) Net Income : $-2,319 Mil (TTM As of Sep. 2024)


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What is International Flavors & Fragrances Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. International Flavors & Fragrances's Net Income for the three months ended in Sep. 2024 was $59 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-2,319 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. International Flavors & Fragrances's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.23.


International Flavors & Fragrances Net Income Historical Data

The historical data trend for International Flavors & Fragrances's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Flavors & Fragrances Net Income Chart

International Flavors & Fragrances Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 454.00 365.00 268.00 -1,868.00 -2,565.00

International Flavors & Fragrances Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.00 -2,608.00 60.00 170.00 59.00

International Flavors & Fragrances Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

International Flavors & Fragrances's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2518+-45+0+-2
=-2,565

International Flavors & Fragrances's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=95+-35+0+-1
=59

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,319 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


International Flavors & Fragrances  (NYSE:IFF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

International Flavors & Fragrances's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


International Flavors & Fragrances Net Income Related Terms

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International Flavors & Fragrances Business Description

Address
521 West 57th Street, New York, NY, USA, 10019-2960
International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world.
Executives
Yuvraj Arora officer: President, Nourish INTERNATIONAL FLOWERS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Angela Strzelecki officer: President, Pharma Solutions INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Fauchon De Villeplee Christophe officer: President, Scent INTERNATIONAL FLAVORS & FRANGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Kevin O'byrne director INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Dawn C Willoughby director 1221 BROADWAY, OAKLAND CA 94612
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Mark J Costa director 200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Ralf Finzel officer: EVP, Global Operations Officer INTERNATIONAL FLAVORS & FRAGRANCES, 521 WEST 57TH STREET, NEW YORK NY 10019
Beril Yildiz officer: CAO, SVP & Controller ONE NEW YORK PLAZA, NEW YORK NY 10004
Deborah Borg officer: EVP, Chief HR and D&I Officer BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Francisco Fortanet officer: SVP, Operations 521 WEST 57TH STREET, NEW YORK NY 10019
Frank Clyburn officer: Chief Executive Officer 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Barry A. Bruno director 500 CHARLES EWING BLVD, EWING NJ 08628
Glenn R Richter officer: CFO 3333 BEVERLY ROAD, B6 277A, HOFFMAN ESTATES IL 60179
Edward D Breen director C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019