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In Brief: IFF

This article was originally published in The Rose Sheet

Executive Summary

IFF: Sales for 1996 are flat at $1.44 bil., with earnings down 23.7% to $189.9 mil., International Flavors & Fragrances announced Jan. 30. The company noted that the earnings decrease was due in part to a one-time, after-tax charge of $31.3 mil. in the second quarter for streamlining aroma chemical production facilities. Excluding the charge, earnings decreased at a slower pace, down 11% for the year to $221.2 mil...
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