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International Flavors & Fragrances logoInternational Flavors & Fragrances IFF

IFF said it expects full-year 2023 sales to be in line with its previously stated guidance range of $11.3 billion to $11.6 billion (full year 2023).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. IFF said it expects full-year 2023 sales to be in line with its previously stated guidance range of $11.3 billion to $11.6 billion (full year 2023).

  2. The company said it also continues to expect full-year 2023 adjusted operating EBITDA to be at the mid to high end of its previously stated guidance range of $1.85 billion to $2.0 billion.

  3. In a press release dated January 11, 2024, the company said it reaffirmed its previously issued guidance for the full year ended December 31, 2023, a disclosure contained in its Form 8-K filed on January 18, 2024.

  4. The company said the information in Item 2.02 is being furnished and is not deemed filed, and therefore is not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934. It also stated that its forward-looking statements are not a representation that the plans, estimates or expectations it contemplates will be achieved.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2023 Full-Year Sales Outlook Reaffirmed

IFF said it expects full-year 2023 sales to be in line with its previously stated guidance range of $11.3 billion to $11.6 billion (full year 2023).

Source · Based on the filing body and exhibits

Adjusted Operating EBITDA Expected at Mid to High End of Guidance Range

The company said it also continues to expect full-year 2023 adjusted operating EBITDA to be at the mid to high end of its previously stated guidance range of $1.85 billion to $2.0 billion.

Source · Based on the filing body and exhibits

Guidance Reaffirmed in January 11, 2024 Press Release

In a press release dated January 11, 2024, the company said it reaffirmed its previously issued guidance for the full year ended December 31, 2023, a disclosure contained in its Form 8-K filed on January 18, 2024.

Source · Based on the filing body and exhibits

Item 2.02 Information Furnished, Not Filed

The company said the information in Item 2.02 is being furnished and is not deemed filed, and therefore is not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934. It also stated that its forward-looking statements are not a representation that the plans, estimates or expectations it contemplates will be achieved.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.