- Reported net sales for the second quarter totaled $757.6 million, an increase of 5% from $721.3 million in the second quarter of 2012. Excluding the impact of foreign currency, local currency sales increased 6%. Like-for-like sales, which excludes the impact of foreign currency and the exit of low-margin sales activities in Flavors, increased 8%.
- Reported EPS for the second quarter totaled $1.24 per diluted share compared with $1.08 per diluted share in the prior year second quarter, an increase of 15%.
- Adjusted EPS, which excludes a $16.1 million gain on the sale of a non-operating asset, as well as a $2.9 million restructuring charge related to the Fragrance Ingredients rationalization, increased 6% to $1.14 per diluted share in the second quarter, up from a reported and adjusted $1.08 per diluted share in the second quarter of 2012.
IFF Reports Second Quarter 2013 Like-for-Like Sales Growth Of 8% And Adjusted EPS Of $1.14 Per Diluted Share
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