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) |
August 9, 2011 |
INTERNATIONAL FLAVORS & FRAGRANCES INC. |
(Exact Name of Registrant as Specified in Charter) |
New York |
1-4858 |
13-1432060 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
521 West 57th Street, New York, New York |
10019 |
(Address of Principal Executive Offices) |
(Zip Code) |
Registrant’s telephone number, including area code | (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 August 9, 2011 reporting IFF's financial results for the quarter ended June 30, 2011.
An audio webcast to discuss the Company's second quarter 2011 financial results and full year 2011 outlook will be held today, August 9, 2011, at 10:00 a.m. EDT. Interested parties can access the webcast and accompanying slide presentation on the Company's website at www.iff.com under the Investor Relations 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: The Company uses non-GAAP financial
operating measures which exclude restructuring charges (including costs
associated with the Company’s restructuring efforts in Europe in 2010
and 2011). In addition, in certain instances, we exclude the effects of
exchange rate fluctuations when discussing our historical performance.
The Company also discloses, from time to time, non-GAAP effective tax
rates, which exclude the effect of the benefits of tax rulings relating
to prior periods, as additional information in seeking to assess and
compare our tax rates without the benefit of those tax rulings. 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 our historical and expected future results and
financial condition, we believe it is meaningful for investors to be
made aware of and to be assisted in a better understanding of, on a
period-to-period comparative basis, of financial amounts both including
and excluding these identified items, as well as the impact of exchange
rate fluctuations on operating results and financial condition. We
believe such additional non-GAAP information provides investors with an
overall perspective of the period-to-period performance of our core
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 core continuing
business. A material limitation of these non-GAAP measures is that such
measures do not reflect actual GAAP amounts, restructuring charges
include actual cash outlays; and we compensate for such limitations by
presenting the accompanying reconciliation to the most directly
comparable GAAP measure. These non-GAAP measures may not be comparable
to similarly titled measures used by other companies. Management
compensates for such limitations by clarifying that these measures are
only one operating metric used for analysis and planning purposes and by
providing the corresponding GAAP financial measures and a reconciliation
to the corresponding GAAP financials measures on IFF’s website at
www.iff.com under the Investor Relations section.
Item
9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of International Flavors & Fragrances Inc., dated August 9, 2011.
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.
INTERNATIONAL FLAVORS & FRAGRANCES INC. |
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Dated: |
August 9, 2011 |
/s/ Kevin C. Berryman |
Name: Kevin C. Berryman |
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Title: Executive Vice President and Chief |
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Financial Officer |
Exhibit Index
Number |
Description |
99.1 | Press Release of International Flavors & Fragrances Inc. dated August 9, 2011 |