Current Report Filing (8-k)
May 09 2016 - 5:39PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
______________
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of report (Date of earliest
event reported)
|
May 9,
2016
|
INTERNATIONAL
FLAVORS & FRAGRANCES INC.
|
(Exact
Name of Registrant as Specified in Charter)
|
New York
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1-4858
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13-1432060
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
|
521 West 57
th
Street, New York, New York
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10019
|
(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s telephone number, including area code
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(212) 765-5500
|
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions
:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
Attached and being furnished hereby as Exhibit 99.1 is a copy of a press
release of International Flavors & Fragrances Inc. ("IFF" or the
"Company") dated May 9, 2016 reporting IFF's financial results for the
quarter ended March 31, 2016.
An audio webcast to discuss the Company's first quarter 2016 financial
results and full year 2016 outlook will be held tomorrow, May 10, 2016,
at 10:00 a.m. EST. Interested parties can access the webcast and
accompanying slide presentation on the Company's website at www.iff.com
under the Investor section. For those unable to listen to the live
broadcast, a replay will be available on the Company's website
approximately one hour after the event and will remain available on the
IFF website for one year.
Non-GAAP financial measures: In the attached press release and the
referenced audio webcast, the Company uses the following non-GAAP
financial operating measures: (i) adjusted earnings per share, (ii)
adjusted currency neutral earnings per share; (iii) adjusted operating
profit, (iv) adjusted currency neutral operating profit, (v) adjusted
EBITDA, (vi) adjusted EBITDA margin, (vii) adjusted sales and (viii)
adjusted currency neutral sales. Such information is supplemental to
information presented in accordance with GAAP and is not intended to
represent a presentation in accordance with GAAP. In discussing the
Company’s historical and expected future results and financial
condition, the Company believes it is meaningful for investors to be
made aware of and to be assisted in a better understanding of, on a
period-to-period comparable basis, financial amounts both including and
excluding these identified items, as well as the impact of exchange rate
fluctuations. The Company believes such additional non-GAAP information
provides investors with an overall perspective of the period-to-period
performance of our business. In addition, management internally reviews
each of these non-GAAP measures to evaluate performance on a comparative
period-to-period basis in terms of absolute performance, trends and
expected future performance with respect to our business. A material
limitation of these non-GAAP measures is that such measures do not
reflect actual GAAP amounts. The Company compensates for such
limitations by presenting the reconciliations contained in the attached
press release to the most directly comparable GAAP measure. These
non-GAAP measures may not be comparable to similarly titled measures
used by other companies.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of International Flavors & Fragrances Inc., dated May
9, 2016.
SIGNATURE
Pursuant to
the requirements of the Securities Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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INTERNATIONAL FLAVORS & FRAGRANCES INC.
|
|
|
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Dated:
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May 9, 2016
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/s/ Alison A. Cornell
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Name: Alison A. Cornell
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Title: Executive Vice President and Chief Financial Officer
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Exhibit Index
Number
|
Description
|
99.1
|
Press Release of International Flavors & Fragrances Inc. dated May
9, 2016
|
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