International Flavors & Fragrances Inc. (IFF) Q3 2022 Earnings Call Transcript

International Flavors & Fragrances Inc. (NYSE:IFF) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET

Company Participants

Michael DeVeau - Head of Investor Relations

Frank Clyburn - Chief Executive Officer

Glenn Richter - Executive Vice President & Chief Financial Officer

Conference Call Participants

Adam Samuelson - Goldman Sachs

Mark Astrachan - Stifel

John Roberts - Credit Suisse

Gunther Zechmann - Bernstein

Heidi Vesterinen - BNP Paribas

Anthony Mercandetti - Deutsche Bank

Mike Sison - Wells Fargo

Matt Krueger - Baird

Josh Spector - UBS

Christopher Parkinson - Mizuho

Jonathan Feeney - Consumer Edge

Matthew DeYoe - Bank of America

Operator

Good morning. At this time, I would like to welcome everyone to the IFF Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode until the formal question-and-answer portion of the call. [Operator Instructions].

I would now like to introduce Mr. Michael DeVeau, Head of Investor Relations. You may begin.

Michael DeVeau

Thank you. Good morning, good afternoon, and good evening everyone. Welcome to IFF's third quarter 2022 conference call. Yesterday afternoon, we issued a press release announcing our financial results. A copy of the release can be found on our IR website at ir.iff.com.

Please note that this call is being recorded live and will be available for replay. Please take a minute to review our forward-looking statements. During the call, we'll be making forward-looking statements about the company's performance and business outlook. These statements are based on how we see things today and contain elements of uncertainty. For additional information concerning the factors that can cause actual results to differ materially, please refer to our cautionary statement and risk factors contained in our 10-K and press release.

Today's presentation will include non-GAAP financial measures, which exclude those items that we believe affect comparability. A reconciliation of these non-GAAP financial measures to their respective GAAP measures is set forth in our press release.

With me on the call today is our CEO, Frank Clyburn; and our Executive Vice President and CFO, Glenn Richter. We will begin with prepared remarks and then take any questions that you may have.

With that, I would now like to introduce Frank.

Frank Clyburn

Thank you, Mike and hello, everyone. Thank you for joining us today. On today's call, I will begin by providing an update on the strong progress we continue to make in reviewing and implementing our refreshed operating strategy. We are focused as ever on enhancing our operational plan and are making great progress towards completing the strategic refresh process and sharing this with you on December 7th at our Investor Day.