International Flavors & Fragrances (IFF) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with both the prior sequential quarter and the same period a year ago. The trailing twelve-month revenue also remained on a downward trajectory.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the current quarter compared with both the prior sequential quarter and the same period a year ago. The trailing twelve-month revenue also remained on a downward trajectory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
-3.7%
Change from the immediately preceding quarter.
Year-over-year
-7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6B
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 |
|---|---|---|
| Dec 31, 2022 | $2.8B | -6.2% |
| Mar 31, 2023 | $3B | -6.2% |
| Jun 30, 2023 | $2.9B | -11.4% |
| Sep 30, 2023 | $2.8B | -7.9% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, extending the pattern of sequential declines seen in recent periods.
Quarterly comparison
Revenue was lower than both the prior quarter and the same quarter one year earlier, with the year-over-year decline more pronounced than the sequential drop.
What to watch
The ongoing year-over-year revenue contraction across multiple quarters may warrant monitoring of demand or market conditions.