Fragrance company posts lower first quarter earnings

  • Follow Business

International Flavors & Fragrances Inc. posted first-quarter net income of $81 million, or 99 cents per share, compared to $84 million, or $1.03 per share, in the first quarter of 2011.

Quarterly revenue was $710.6 million, down from $714.2 million in the year earlier period.

“The diversity and strength of our category and geographic portfolios, combined with our cost discipline, helped ease the impact of rising raw material costs, softness in Fragrance Ingredients, and a challenging macroeconomic environment,” said company Chairman and Chief Executive, Doug Tough.

International Flavors & Fragrances has a production facility in south Augusta.

 
loading...
Top headlines
Superior Court judge to retire
Superior Court Judge J. David Roper, who was elected to the Au­gusta Judicial Circuit bench in December 2006, announced his decision a few weeks shy of his 70th birthday.
Search Augusta jobs