Form 8-K · Current report
International Flavors & Fragrances 8-K, filed Aug 4, 2026
- Filed
- CIK
- 0000051253
- Accession no.
- 0000051253-26-000028
Summary
International Flavors & Fragrances reported second-quarter 2026 results on a continuing operations basis and laid out how it will use proceeds from the roughly $3.8 billion sale of its Food Ingredients business to funds advised by CVC Capital Partners, including paying down over $1 billion of debt and a $2.5 billion share repurchase authorization. CEO Erik Fyrwald said the divestiture would focus the company on Taste, Scent and Health & Biosciences, and the transaction is expected to close by the end of the second quarter of 2027 subject to closing conditions and regulatory approvals.
Key points
- IFF reported second-quarter 2026 sales of $1.95 billion on a continuing operations basis, up 2% reported and 6% comparable currency neutral, with adjusted operating EBITDA of $408 million.
- The Food Ingredients business is being sold to funds advised by CVC Capital Partners for about $3.8 billion in net cash proceeds, with closing expected by the end of the second quarter of 2027 and IFF retaining roughly a 10% minority stake.
- IFF said net proceeds will reduce outstanding debt by over $1 billion, and the board authorized a $2.5 billion share repurchase program, starting with a $500 million accelerated repurchase in the second half of 2026.
- The company introduced full-year 2026 guidance on a continuing operations basis and now reports the Food Ingredients and Soy Crush, Concentrates and Lecithin businesses as discontinued operations.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition Attached and being furnished hereby as Exhibit 99.1 is a copy of a press release of International Flavors & Fragrances Inc. (“IFF” or the “Company”), dated August 4, 2026, reporting IFF’s financial results for the quarter ended June 30, 2026. A live webcast to discuss the Company’s second quarter 2026 financial results will be held on August 5, 2026, at 9:00 a.m. ET. The webcast and accompanying slide presentation may be accessed on the Company’s IR website at ir.iff.com. …
An excerpt of the text as filed with the SEC, cut for length.
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