International Flavors & Fragrances (IFF) stock plunged 5.45% in the pre-market trading session on Wednesday, following the company's downbeat guidance for the fiscal year 2025.
Despite reporting better-than-expected fourth-quarter 2024 results, with earnings per share of $0.97 beating the consensus estimate of $0.81, IFF's outlook for 2025 fell short of analysts' expectations.
The company projected 2025 annual sales to range between $10.6 billion and $10.9 billion, lower than the analyst estimate of $11.16 billion. Additionally, IFF forecast adjusted operating EBITDA for the year to be in the range of $2 billion to $2.15 billion, below the consensus expectation of $2.2 billion.
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