IFF raises guidance floor after Q3 sales rise

IFF said third-quarter net sales rose 4% to $1.94 billion and raised the lower end of its full-year 2026 guidance ranges.

The company said it now expects full-year sales of $7.5 billion to $7.6 billion, compared with its previous range of $7.4 billion to $7.6 billion. It expects adjusted operating EBITDA of $1.55 billion to $1.60 billion, compared with $1.53 billion to $1.60 billion previously.

IFF reported a third-quarter loss from continuing operations before taxes of $134 million and a reported loss of $0.50 per diluted share. Adjusted earnings per share excluding amortization were $0.83, according to the company.

The company said cash flow from operations for the first nine months of 2026 was $820 million, up $288 million from a year earlier, and free cash flow was $371 million.

IFF said it recently completed a $500 million accelerated share repurchase program. It also said the planned divestiture of its Food Ingredients business remained on track to close by the end of the second quarter of 2027.