International Flavors & Fragrances (IFF) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased in this quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was modest, while the year-over-year decline was steeper.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased in this quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The sequential decline was modest, while the year-over-year decline was steeper.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
-11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.1B | -0.3% |
| Dec 31, 2022 | $2.8B | -6.2% |
| Mar 31, 2023 | $3B | -6.2% |
| Jun 30, 2023 | $2.9B | -11.4% |
Revenue performance
The reported revenue moved lower, extending the downward trajectory seen in recent periods.
Quarterly comparison
Compared with the prior quarter, revenue fell by a smaller margin; versus the same quarter a year prior, the decline was substantially larger.
What to watch
Note that the trailing twelve-month revenue also decreased, reflecting persistent pressure on top-line performance.