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IFF Reports Second Quarter 2012 Adjusted EPS Growth Of 11% To $1.08 Per Share

International Flavors & Fragrances Inc. Reconciliation of Income (Amounts in thousands) (Unaudited)

The following information and schedules provide reconciliation information between reported GAAP amounts and certain adjusted amounts. This information and schedules is not intended as, and should not be viewed as, a substitute for reported GAAP amounts or financial statements of the Company prepared and presented in accordance with GAAP.

Second Quarter 2012:

In the second quarter of 2012 there were no items impacting comparability.

Second Quarter 2011:

  Second Quarter 2011
Items Impacting Comparability
 

Reported (GAAP)

 

Restructuring & Other Costs

 

Adjusted (Non-GAAP)

 
 
Net Sales 715,589 -
Cost of Goods Sold 431,166 -
Gross Profit 284,423 -
Research and Development 56,229 -
Selling and Administrative 106,224 -
RSA Expense 162,453 -
Restructuring and other charges, net 3,985 (3,985) (a) -
Operating Profit 117,985 3,985 121,970
Interest Income 12,009 -
Other (income) expense, net 1,055 -
Income before taxes 104,921 3,985 108,906
Taxes on Income 28,733 (998) 29,731
Net Income 76,188   2,987     79,175
 
Earnings per share - diluted $0.93 $0.04 $0.97
 
(a) Related to restructuring program announced in Q3 2009




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