International Flavors & Fragrances (IFF) Revenue — Quarter Ended Jun 30, 2024
Revenue decreased compared to the same quarter last year. The decline moderated versus the immediate prior quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue decreased compared to the same quarter last year. The decline moderated versus the immediate prior quarter.
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
-0.3%
Change from the immediately preceding quarter.
Year-over-year
-1.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.3B
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, 2023 | $2.8B | -7.9% |
| Dec 31, 2023 | $2.7B | -5.0% |
| Mar 31, 2024 | $2.9B | -4.2% |
| Jun 30, 2024 | $2.9B | -1.4% |
Revenue performance
Net sales for the quarter were lower than the same period a year earlier, reflecting continued headwinds. The trajectory of the year-over-year decline improved relative to the preceding quarter.
Quarterly comparison
Revenue decreased slightly from the prior quarter and was also down from the same quarter one year ago. The sequential change was a modest decline, while the year-over-year comparison showed a narrower contraction than in the previous quarter.
What to watch
Monitor whether the improving year-over-year trend can be sustained despite the sequential decline in revenue.