Feb 18 (Reuters) - International Flavors & Fragrances ( IFF )

beat Wall Street expectations for fourth-quarter sales

and profit on Tuesday, owing to steady demand for its solutions

supply, including fragrances and food flavors.

WHY IT'S IMPORTANT

Packaged food companies and perfume makers have seen

consumers continue to buy their products, boosting demand for

solutions such as scents and flavors, which help companies that

provide raw materials to bigger manufacturers, such as IFF.

BY THE NUMBERS

Sales in IFF's nourish segment, which is a major revenue

contributor that provides ingredients and flavor solutions for

food and beverage products, saw sales rise 1% in the reported

quarter.

The company's quarterly net sales rose 3% to $2.77 billion,

compared with the analysts' average estimate of $2.68 billion,

according to data compiled by LSEG.

IFF posted adjusted profit of 97 cents per share, compared

with the analysts' estimate of 81 cents.

The company expects annual sales to be in the range of $10.6

billion to $10.9 billion, compared to estimates of $11.16

billion.

MARKET REACTION

Shares of the New York-based company, which had risen over

4% in 2024, were down marginally in after-market trading.