International Flavors & Fragrances beats Q1 estimates, stock jumps 18.4%

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

International Flavors & Fragrances reported first-quarter revenues of $2.74 billion, down 3.6% year on year but exceeding analysts' expectations by 3.9%, with strong beats on EBITDA and organic revenue estimates. Among the five ingredients, flavors and fragrances stocks tracked, the group's revenues were in line with consensus, though share prices have fallen 3.3% on average since reporting. Bunge Global posted the fastest revenue growth at $21.86 billion, up 87.8% year on year, but missed revenue estimates by 3.1% and its stock fell 15.7%. Ingredion's revenues of $1.79 billion, down 1.2%, were in line with expectations, but it significantly missed EBITDA and gross margin estimates, sending shares down 8.7%. Archer-Daniels-Midland reported $20.49 billion in revenues, up 1.6%, missing estimates by 1.2% with misses on gross margin and EBITDA, leaving its stock flat. Darling Ingredients' revenues rose 12.3% to $1.55 billion, in line with expectations, but a significant miss on adjusted operating income pushed shares down 10%.