date:May 07, 2014
International Flavors Fragrances Inc. (IFF) has reported that net sales for the first quarter totaled $770 million, an increase of 6% from $728 million in the first quarter of 2013. Excluding the impact of foreign currency, local currency sales increased 7%. As expected, the January 15th acquisition of Aromor contributed approximately 1% of growth to the sales increase.
Net income totaled $106.7 million, or $1.30 per diluted share, for the first quarter, compared with net income of $90.7 milli