国际香料香精 2025年季度报告

INTERNATIONAL FLAVORS& FRAGRANCES INC. 13-1432060(I.R.S. EmployerIdentification No.) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” ☑Acceleratedfiler☐SmallerreportingcompanyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Number of shares of common stock outstanding as of April29, 2025:255,790,345 INTERNATIONAL FLAVORS& FRAGRANCES INC.TABLE OF CONTENTS PART I - Financial Information ITEM1.Financial Statements (Unaudited)Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - Three Months Ended March 31,2025 and 2024Consolidated Balance Sheets - March 31, 2025and December 31, 2024Consolidated Statements of Shareholders’ Equity - Three Months Ended March 31, 2025and 2024Consolidated Statements of Cash Flows - Three Months Ended March 31, 2025 and 2024Notes to Consolidated Financial StatementsITEM2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27ITEM 3.Quantitative and Qualitative Disclosures about Market Risk38ITEM 4.Controls and Procedures39PART II - Other InformationITEM1.Legal Proceedings40ITEM1A.Risk Factors40ITEM2.Unregistered Sales of Equity Securities and Use of Proceeds40ITEM 5.Other Information40ITEM 6.Exhibits40Signatures41 PART I. FINANCIAL INFORMATIONITEM1. FINANCIAL STATEMENTS.INTERNATIONAL FLAVORS& FRAGRANCES INC.CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME INTERNATIONAL FLAVORS& FRAGRANCES INC.CONSOLIDATED BALANCE SHEETS The accompanying notes are an integral part of these Consolidated Financial Statements.3 INTERNATIONAL FLAVORS& FRAGRANCES INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1.NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations International Flavors & Fragrances Inc. and its subsidiaries (the “Registrant,” “IFF,” “the Company,” “we,” “us” and “our”) is aleading creator and manufacturer of food, beverage, health & biosciences, scent (and until the recent sale of our Pharma Solutions disposalgroup, pharma solutions) and complementary adjacent products, including natural health ingredients, which are used in a wide variety ofconsumer products. Our products are sold principally to manufacturers of dairy, meat, beverages, snacks, savory, sweet, baked goods, grainprocessors and other foods, personal care products, soaps and detergents, cleaning products, perfumes, dietary supplements, foodprotection, infant, elderly and animal nutrition, functional food, pharmaceutical and oral care products. As a result, we hold global Basis of Presentation The accompanying interim Consolidated Financial Statements should be read in conjunction with the Consolidated FinancialStatements and the related notes included in our 2024 Annual Report on Form 10-K (“2024 Form 10-K”), filed on February 28, 2025 with The interim Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles (“GAAP”) inthe United States of America for interim financial information and with the rules and regulations for reporting on Form 10-Q, and areunaudited. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordancewith GAAP in the United States of America have been condensed or omitted, if not materially different from the 2024 Form 10-K. The Use of Estimates The preparation of financial statements requires management to makeestimatesand judgments that affect the amounts reported in theConsolidated Financial Statements and accompanying notes. The inputs into the Company’s judgments and estimates take into account theongoing global current events and adverse macroeconomic impacts on our critical and significant accounting estimates, including estimates Reclassifications Certain amounts in the prior peri