Company profile

Ticker
IFF
Exchange
Website
CEO
Andreas Fibig
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
131432060

IFF stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Calendar

3 Mar 20
4 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 1.28B 1.27B 1.29B 1.3B
Net income 83.54M 127.12M 138.87M 111.21M
Diluted EPS 0.7 1.13 1.2 0.96
Net profit margin 6.51% 10.03% 10.75% 8.57%
Operating income 116.8M 184.66M 199.94M 163.87M
Net change in cash 111.93M 68.18M -56.79M -151.39M
Cash on hand 606.82M 494.9M 426.72M 483.5M
Cost of revenue 781.61M 734.26M 745.33M 766.14M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 5.14B 3.98B 3.4B 3.12B
Net income 455.87M 339.78M 295.67M 405.03M
Diluted EPS 4 3.79 3.72 5.05
Net profit margin 8.87% 8.54% 8.70% 13.00%
Operating income 665.27M 583.88M 552.63M 552.96M
Net change in cash -28.07M 266.85M 44.05M 142M
Cash on hand 606.82M 634.9M 368.05M 323.99M
Cost of revenue 3.03B 2.29B 1.93B 1.72B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
30 Mar 20 Winder Investment Pte Common Stock Buy Aquire P 112.78 100 11.28K 24,130,000
30 Mar 20 Winder Investment Pte Common Stock Buy Aquire P 111.92 2,100 235.03K 24,129,900
30 Mar 20 Winder Investment Pte Common Stock Buy Aquire P 111.25 6,392 711.11K 24,127,800
30 Mar 20 Winder Investment Pte Common Stock Buy Aquire P 110.04 900 99.04K 24,121,408
30 Mar 20 Richard O'Leary Stock Equivalent Unit Common Stock Grant Aquire A 108.01 12.417 1.34K 5,288.713
30 Mar 20 Andreas Fibig Stock Equivalent Unit Common Stock Grant Aquire A 108.01 188.061 20.31K 54,569.979
30 Mar 20 Anne Chwat Stock Equivalent Unit Common Stock Grant Aquire A 108.01 23.387 2.53K 4,614.663
30 Mar 20 Robert G. Anderson Stock Equivalent Unit Common Stock Grant Aquire A 108.01 11.175 1.21K 4,981.64
94.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 558 528 +5.7%
Opened positions 100 54 +85.2%
Closed positions 70 95 -26.3%
Increased positions 192 230 -16.5%
Reduced positions 158 136 +16.2%
13F shares
Current Prev Q Change
Total value 107.24B 95.37B +12.4%
Total shares 100.57M 100.43M +0.1%
Total puts 989.4K 537.7K +84.0%
Total calls 350.4K 549.8K -36.3%
Total put/call ratio 2.8 1.0 +188.7%
Largest owners
Shares Value Change
Winder Investment Pte 20.63M $2.66B +1.6%
Vanguard 12.87M $1.66B +1.0%
BLK BlackRock 7.25M $934.9M -5.3%
Alliancebernstein 5.66M $729.97M +52.4%
STT State Street 4.47M $579.67M -0.8%
Capital International Investors 3.81M $490.98M -0.0%
State Farm Mutual Automobile Insurance 2.91M $375.96M -15.9%
FMR 2.73M $352.15M -12.4%
Amundi Pioneer Asset Management 1.82M $235.22M +29.8%
Geode Capital Management 1.64M $211.01M +4.1%
Largest transactions
Shares Bought/sold Change
Capital Research Global Investors 356.51K -3.93M -91.7%
Alliancebernstein 5.66M +1.95M +52.4%
State Farm Mutual Automobile Insurance 2.91M -549.7K -15.9%
Millennium Management 535.21K +535.21K NEW
Nuveen Asset Management 1.34M +521.74K +64.0%
Norges Bank 420.69K +420.69K NEW
Amundi Pioneer Asset Management 1.82M +418.62K +29.8%
BLK BlackRock 7.25M -401.53K -5.3%
BAC Bank of America 719.89K +392.41K +119.8%
FMR 2.73M -385.55K -12.4%

Financial report summary

?
Competition
GivaudanSymriseFirmenich
Risks
  • We may not realize all the benefits anticipated from the Frutarom acquisition, which could adversely affect our business.
  • The Frutarom acquisition resulted, and may continue to result, in significant costs, charges or other liabilities that could adversely affect the financial results of the combined company.
  • We may fail to realize the expected cost savings and increased efficiencies from or stay within our estimated costs of the Frutarom integration and our ongoing optimization of our manufacturing facilities may not be as effective as we anticipate.
  • Our incurrence of additional debt to pay the cash portion of the Frutarom consideration increased our financial leverage and could adversely affect our future cash flows and cost of capital.
  • Failure to successfully establish and manage acquisitions, collaborations, joint ventures or partnerships could adversely affect our growth.
  • Our business is highly competitive, and if we are unable to compete effectively our sales and results of operations will suffer.
  • If we are unable to successfully market to our expanded and diverse Taste customer base, our operating results and future growth may be adversely affected.
  • Our success depends on attracting and retaining talented people within our business. Significant shortfalls in recruitment or retention could adversely affect our ability to compete and achieve our strategic goals.
  • A significant portion of our sales is generated from a limited number of large multi-national customers, which are currently under competitive pressures that may affect the demand for our products and profitability.
  • We may not successfully develop and introduce new products that meet our customers’ needs, which may adversely affect our results of operations.
  • Natural disasters, public health crises (such as the recent Coronavirus outbreak), international conflicts, terrorist acts, labor strikes, political crisis, accidents and other events could adversely affect our business and financial results by disrupting development, manufacturing, distribution or sale of our products.
  • A disruption in our supply chain, including the inability to obtain ingredients and raw materials from third parties, could adversely affect our business and financial results.
  • Volatility and increases in the price of raw materials, energy and transportation, including due to climate change, could harm our profits.
  • A significant data breach or other disruption to our information technology systems could disrupt our operations, result in the loss of confidential information or personal data, and adversely impact our reputation, business or results of operations.
  • If we fail to comply with data protection laws in the U.S. and abroad, we may be subject to fines, penalties and other costs.
  • If we are unable to comply with regulatory requirements and industry standards, including those regarding product safety, quality, efficacy and environmental impact, we could incur significant costs and suffer reputational harm which could adversely affect results of operations.
  • Increasing awareness of health and wellness are driving changes in the consumer products industry, and if we are unable to react in a timely and cost-effective manner, our results of operations and future growth may be adversely affected.
  • We are subject to increasing customer, consumer and regulatory focus on sustainability issues, which may result in additional costs in order to meet new requirements or upgrade Frutarom’s sustainability practices
  • We have made investments in and continue to expand our business into emerging markets, which exposes us to certain risks.
  • The impact of currency fluctuation or devaluation in the international markets in which we operate may negatively affect our results of operations.
  • Our international operations are subject to regulatory, political and other risks that could materially and adversely affect our results of operations.
  • Economic uncertainty may adversely affect demand for our products which may have a negative impact on our operating results and future growth.
  • Failure to comply with environmental protection laws may cause us to close, relocate or operate one or more of our plants at reduced production levels, and expose us to civil or criminal liability, which could adversely affect our operating results and future growth.
  • Our performance may be adversely impacted if we are not successful in managing our inventory and/or working capital balances.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act or similar U.S. or foreign anti-bribery and anti-corruption laws and regulations in the jurisdictions in which we operate.
  • Any impairment of our tangible or intangible long-lived assets, including goodwill, may adversely impact our profitability.
  • Our ability to compete effectively depends on our ability to protect our intellectual property rights.
  • Our results of operations may be negatively impacted by the outcome of uncertainties related to litigation.
  • Our funding obligations for our pension and postretirement plans could adversely affect our earnings and cash flows.
  • Changes in our tax rates, the adoption of new U.S. or international tax legislation, or changes in existing tax laws could expose us to additional tax liabilities that may affect our future results.
  • Our business may be negatively impacted as a result of the United Kingdom’s departure from the European Union.
  • The expected phase out of the London Interbank Office Rate (LIBOR) could impact the interest rates paid on our variable rate indebtedness and cause our interest expense to increase.
  • We will be subject to business uncertainties and contractual restrictions while the N&B Transaction is pending that may have a negative impact on our business.
  • We have incurred, and will incur, substantial direct and indirect costs as well as additional debt as a result of the N&B Transaction.
  • The Merger Agreement limits our ability to pursue alternatives to the N&B Transaction.
  • The requirement to obtain governmental approvals to satisfy the conditions to the completion of the N&B Transaction may delay or prevent completion of the transaction.
  • If we fail to complete the N&B Transaction, our business, financial results and stock price could be negatively impacted.
  • The integration of the N&B Business with IFF may present significant challenges, and we may not realize anticipated synergies and other benefits of the N&B Transaction.
  • Current IFF shareholders’ percentage ownership interest in IFF will be substantially diluted in the N&B Transaction.
Management Discussion
  • Sales in 2019 increased 29% on a reported basis and 32% on a currency neutral basis (which excludes the effects of changes in currency), with the effects of the Frutarom acquisition contributing approximately 28% to reported growth rates and 29% to currency neutral growth rates. Taste reported sales growth was flat but currency neutral sales grew 2%. Scent achieved sales growth of 2% on a reported basis and 4% on a currency neutral basis in 2019. The impact of an additional week of sales, or a 53rd week, in 2019 contributed approximately 1% to reported and currency neutral sales growth. Consolidated reported
  • and currency neutral sales growth was driven by additional sales from our acquisition of Frutarom, and to a lesser extent, new win performance (net of losses) in Scent.
  • From a geographic perspective, North America ("NOAM"), Europe, Africa and Middle East ("EAME"), Greater Asia ("GA") and Latin America ("LA") all delivered sales growth on a consolidated basis led by the Frutarom acquisition.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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