International Flavors & Fragrances (IFF) Revenue — Quarter Ended Dec 31, 2023
Revenue in the reported quarter was lower than in the preceding quarter. It also declined compared with the same period a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue in the reported quarter was lower than in the preceding quarter. It also declined compared with the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
-5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.5B
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 |
|---|---|---|
| Mar 31, 2023 | $3B | -6.2% |
| Jun 30, 2023 | $2.9B | -11.4% |
| Sep 30, 2023 | $2.8B | -7.9% |
| Dec 31, 2023 | $2.7B | -5.0% |
Revenue performance
Each quarter of the fiscal year saw revenue fall versus the corresponding quarter of the prior year. The decline in the reported quarter was the smallest among the four quarters.
Quarterly comparison
Sequentially, revenue decreased from the immediate prior quarter. Year over year, the rate of decline was less pronounced than in the two middle quarters of the fiscal year.
What to watch
The year-over-year decline has narrowed each quarter since mid-year, a trend that may bear watching in upcoming periods.