International Flavors & Fragrances (IFF) reported Q1 adjusted net income late Tuesday of $1.20 per diluted share, up compared with $1.13 a year earlier.

Analysts polled by FactSet expected $1.13.

Net sales for the quarter ended March 31 were $2.84 billion, down from $2.9 billion a year earlier.

Analysts expected $2.83 billion.

For 2025, the flavors and fragrances company reaffirmed its guidance expecting revenue of $10.6 billion to $10.9 billion.

Analysts are looking for $10.91 billion.