SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported)
|
May
1, 2008
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INTERNATIONAL
FLAVORS & FRAGRANCES INC.
|
(Exact
Name of Registrant as Specified in
Charter)
|
|
1-4858 |
13-1432060 |
(State
of or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
|
521
West 57th
Street, New York, New York
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10019 |
(Address
of Principal Executive Offices)
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(Zip
Code) |
Registrant’s
telephone number, including area code
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(212)
765-5500
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Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2.
below):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.02. Results of Operations and Financial Condition
Attached
and being furnished hereby as Exhibit 99.1 is a copy of a press release of
International Flavors & Fragrances Inc. ("IFF" or the "Company") dated May
1, 2008 reporting IFF's financial results for the quarter ended March 31,
2008.
Non-GAAP
financial measures: To supplement the Company's financial results presented in
accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the
Company uses, and has also included in the attached press release or as part of
its web cast, certain non-GAAP financial measures. These non-GAAP financial
measures should not be considered in isolation, or as a substitute for, or
superior to, financial measures calculated in accordance with GAAP. These
non-GAAP financial measures as disclosed by the Company may also be calculated
differently from similar measures disclosed by other companies. To ease the use
and understanding of our supplemental non-GAAP financial measures, the Company
includes the most directly comparable GAAP financial measure.
The
Company discloses, and management internally monitors, the sales performance of
international operations on a basis that eliminates the positive or negative
effects that result from translating foreign currency sales into U.S. dollars.
Management uses this constant dollar measure because it believes that it
enhances the assessment of the sales performance of its international operations
and the comparability between reporting periods.
The
Company uses a non-GAAP financial operating measure which excludes a
restructuring charge. The Company also uses a non-GAAP financial measure which
excludes the benefits of tax rulings relating to prior years. Management
believes that given the unique nature of these items, including information
without the impact of these items may be more representative of the Company's
core operational performance and effective tax rate, as applicable, and may
assist investors in evaluating the Company's period to period financial results
in a manner consistent with how management evaluates such results. A material
limitation of these financial measures is that such measures do not reflect
actual GAAP amounts, a restructuring charge includes actual cash outlays, and
tax benefits reflect an actual accounting and cash benefit realized. Management
compensates for such limitations by clarifying that these measures are only one
operating metric used for analysis and planning purposes and by providing the
corresponding GAAP financial measure on IFF’s website at www.IFF.com in the
"Investor Relations" section.
Item
9.01. Financial Statements and Exhibits
(d) Exhibits
|
99.1 |
Press Release of
International Flavors & Fragrances Inc., dated May 1,
2008. |
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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INTERNATIONAL
FLAVORS & FRAGRANCES INC. |
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Dated:
May 1, 2008
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By:
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/s/ Douglas
J. Wetmore |
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Name: |
Douglas
J. Wetmore |
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Title: |
Senior
Vice President and Chief Financial Officer |
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