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International Flavors & Fragrances' CEO Discusses Q1 2012 Results - Earnings Call Transcript

International Flavors & Fragrances (IFF)

Q1 2012 Earnings Call

May 08, 2012 10:00 am ET

Executives

Douglas D. Tough - Chairman and Chief Executive Officer

Nicolas Mirzayantz - Group President of Fragrances and Member Temporary Office of the Chief Executive Officer

Hernan Vaisman - Group President of Flavors and Member Temporary Office of the Chief Executive Officer

Kevin C. Berryman - Chief Financial Officer, Executive Vice President and Member Temporary Office of the Chief Executive Officer

Analysts

Mark S. Astrachan - Stifel, Nicolaus & Co., Inc., Research Division

Edward Aaron - RBC Capital Markets, LLC, Research Division

Lauren R. Lieberman - Barclays Capital, Research Division

Jeffrey J. Zekauskas - JP Morgan Chase & Co, Research Division

John E. Roberts - The Buckingham Research Group Incorporated

Michael J. Sison - KeyBanc Capital Markets Inc., Research Division

Presentation

Operator

At this time, I would like to welcome everyone to the International Flavors & Fragrances First Quarter 2012 Earnings Conference Call. [Operator Instructions] Speaking on the call today is Doug Tough, Chairman and CEO; Nicolas Mirzayantz, President of Fragrances; Hernan Vaisman, President of Flavors; and Kevin Berryman, Executive Vice President and CFO.

This call is being recorded and will be available for playback under the Investor Relations section of iff.com. Please keep in mind that during this call, the management team will be making forward-looking statements about the company's performance, particularly with respect to the second quarter and full year of 2012, which can be identified by such terms as expect, anticipate, believe, outlook, guidance, may or similar terms and variations thereof. These statements are based on how IFF sees things today and contain elements of uncertainty. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in IFF's business that could cause actual results and events to differ materially from what is discussed today. For more detailed information about these risks and uncertainties, please refer to the cautionary statement and risk factor disclosure contained in IFF's filings with the SEC, including IFF's annual report on Form 10-K filed with the SEC on February 28, 2012.

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