IFF Expects EPS to Grow 10% in Q1

International Flavors & Fragrances Inc. IFF announced that the Company's senior executives will offer their perspective on IFF's long-term business strategy and financial objectives at an investor meeting today in New York City.

IFF expects to achieve long-term financial goals of four to six percent local currency sales growth, seven to nine percent operating profit growth and 10-plus percent earnings per share growth.

Management will also comment that the first quarter of 2011 has started strong. EPS is expected to grow in excess of 10 percent as the combination of strong sales growth and continued cost discipline is expected to drive results. For the full year of 2011, the Company is expected to reiterate its belief that operating profit margin should approach their previous long-term stated goal of 18 percent.