On Tuesday, Shares of International Flavors & Fragrances Inc (NYSE:IFF), subtract -3.86% and closed at $126.06 in the last trading session. The last trading range of the stock ranges between $119.71 and $127.55. International Flavors & Fragrances Inc. (IFF) (Euronext Paris: IFF) stated financial results and planned achievements for the third quarter ended September 30, 2016.
Third Quarter 2016 Merged Financial Highlights
Stated net sales for the third quarter totaled $777.0 million, a boost of 2% from $765.1 million in the third quarter of 2015. Apart From the impact of foreign exchange, currency neutral sales raised 3%, counting a 1 percentage point contribution related to the acquisition of IFF | Lucas Meyer Cosmetics.
Stated operating profit declined from $156.7 million in the third quarter of 2015 to $124.3 million in the third quarter of 2016, counting a charge of $25 million related to a reserve for litigation. Apart From the impact of foreign exchange and those items that affect comparability, currency neutral adjusted operating profit reduced 4% as volume growth and the benefits associated with cost and productivity programs were more than offset by unfavorable mix and manufacturing performance in addition to increases in research, selling and administrative costs (RSA), counting planned planned investments.
Caterpillar Inc. (NYSE:CAT), jumped 1.11% and closed at $84.68 in the last trading session. The last trading range of the stock ranges between $83.06 and $85.00. The company’s Market capitalization is $50.41 Billion with the total Outstanding Shares of 584.23 million. Caterpillar Inc. (CAT) Group President of Resource Industries Denise Johnson and Director of Shareholder Relations Amy Campbell will speak at the Baird 2016 Industrial Conference on Thursday, November 10, 2016. They are planned to speak at 1:30 p.m. CST.
Listeners should go to the website at least 30 minutes before the live event to register and to download and install any necessary audio software. The webcast will be available for replay for 90 days; no transcripts from the presentation will be made available.