International Flavors & Fragrances, Inc. (IFF) CEO Franklin Clyburn on Q2 2022 Results - Earnings Call Transcript

International Flavors & Fragrances, Inc. (NYSE:IFF) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET

Company Participants

Michael DeVeau - SVP and Chief IR & Communications Officer

Franklin Clyburn - CEO & Director

Glenn Richter - EVP & CFO

Conference Call Participants

Mark Astrachan - Stifel, Nicolaus & Company

Heidi Vesterinen - BNP Paribas Exane

Gunther Zechmann - Sanford C. Bernstein & Co.

Ghansham Panjabi - Robert W. Baird & Co.

Jeffrey Zekauskas - JPMorgan Chase & Co.

David Begleiter - Deutsche Bank

Christopher Parkinson - Mizuho Securities

John Roberts - Crédit Suisse

Joshua Spector - UBS

Adam Samuelson - Goldman Sachs Group

Michael Sison - Wells Fargo Securities

Matthew DeYoe - Bank of America Merrill Lynch

Operator

At this time, I would like to welcome everyone to the IFF Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

I would now like to introduce 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 Second Quarter 2022 Conference Call.

Yesterday afternoon, we distributed 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 moment to review our forward-looking statements. During the call, we're making forward-looking statements about the company's performance, particularly with regard to the outlook for the second half and full year 2022. 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 from our forward-looking statements, please refer to our cautionary statement and risk factors contained in our 10-K and press release, both of which can be found on our website.

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 you have at the end.

With that, I would now like to turn the call over to Frank.