Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.22B | 14.8% |
| Gross Profit | 1.07B | 4.3% |
| Cost of Revenue | 2.8B | 1.8% |
| Operating expense | 1.15B | 0.9% |
| Net Income | 170M | 183.3% |
| EBITDA | 659M | 2.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 29.5B | 3.6% |
| Total Liabilities | 15.3B | 6.5% |
| Total Equity | 14.3B | 0.3% |
| Shares Outstanding | 256M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 237M | 139.4% |
| Cash from investing | 742M | 1051.3% |
| Cash from financing | -1.06B | 2757.5% |
EPS
Financial Highlights for International Flavors & Fragrances in Q2 '24
International Flavors & Fragrances reported a revenue of 3.22B, which is a 14.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.07B, marking a 4.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.8B, a -1.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.15B, showing a 0.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 170M, showing a 183.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 659M, showing a 2.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for International Flavors & Fragrances with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
