IFF First Quarter Profits Slip 4%

International Flavors & Fragrances (IFF) first-quarter 2012 earnings slipped 4% year-on-year, to $81 million. Earnings of $1/share matched analysts’ estimates, as reported by Thomson Reuters (New York). The company’s net sales were flat at $710 million. “IFF continued to execute its strategy and generated results broadly in line with our expectation,” says CEO Doug Trough. Flavor sales increased 3%, to $350 million, while profits were flat at  $80 million. Overall growth can be attributed to increased performance in emerging...

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