date:Aug 12, 2014
ent initiative costs and the gain on the sale of a non-operating asset in the prior year, also increased 8%.
As expected, we delivered more moderate sales growth this quarter, reflecting a continued challenging environment in North America for our Flavors business, said Doug Tough, chairman and CEO of IFF. Due to the leverage inherent in our operating model, we were still able to expand both our gross and operating margins, enabling us to deliver high single-digit growth in adjusted operating p