IFF reports Q2 growth and plans $2.5 billion share repurchase

IFF reported second-quarter 2026 continuing-operations sales of $1.95 billion, adjusted operating EBITDA of $408 million and adjusted EPS excluding amortization of $0.82 for the period ended June 30, 2026. The company expects $3.8 billion in net proceeds from its planned sale of Food Ingredients to CVC Capital Partners, with closing targeted by the end of the second quarter of 2027; IFF plans to use more than $1 billion to reduce debt and repurchase $500 million of stock in the second half of 2026, followed by the remaining $2.0 billion after closing.