International Flavors & Fragrances Inc. (IFF) - Get Report  tumbled after fourth-quarter earnings came in short of analysts' estimates.

Shares of the fragrance company plunged about $16 - a drop of 11% - to $130.52 a share after it reported fourth-quarter earnings of $1.22 a share vs.  consensus estimates of $1.30. EPS fell 19% from last year's $1.51.

The company reported revenue of $1.22 billion, which missed estimates of $1.24 billion for the quarter. Net income also decreased by roughly 10% to $100 million from $111 million a year ago.

The taste and smell business segments of International Flavors posted a loss as management cited higher input costs and manufacturing expenses as being the reason for the decrease. Hiccups in its supply chain, along with disruptions in its citral supply from India, which is an aroma compound used for a citrus smell, were other reasons for the increased costs.

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"As we enter 2019 - recognizing that the operating environment remains dynamic and raw material inflation continues - we are optimistic in our ability to achieve $5.2 billion to $5.3 billion in sales, $4.90 to $5.10 in adjusted EPS and $6.30 to $6.50 in adjusted EPS ex amortization," International Flavors CEO Andreas Fibig said in the release.

Thursday's slump wasn't the first time the company's stock has fallen by more than 10% in a session. The company fell almost 11% to $126.89 a share May 7 after it acquired Israel-based Frutarom Industries Ltd. for $7.1 billion. 

International Flavors recovered from the acquisition, hitting close to its 52-week-high at $148.69 a share Nov. 6, but has underperformed against the S&P 500 over the past year. The index has gained almost 2% while the company's shares have fallen 11% during the same time.