International Flavors & Fragrances (NYSE: IFF) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), International Flavors & Fragrances met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
International Flavors & Fragrances booked revenue of $710.6 million. The four analysts polled by S&P Capital IQ looked for revenue of $713.3 million on the same basis. GAAP reported sales were 0.5% lower than the prior-year quarter's $714.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.00. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.00 per share. GAAP EPS of $0.99 for Q1 were 3.9% lower than the prior-year quarter's $1.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 40.2%, 140 basis points worse than the prior-year quarter. Operating margin was 17.2%, 150 basis points worse than the prior-year quarter. Net margin was 11.4%, 40 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $732.4 million. On the bottom line, the average EPS estimate is $1.04.

Next year's average estimate for revenue is $2.88 billion. The average EPS estimate is $4.02.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 75 members out of 89 rating the stock outperform, and 14 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give International Flavors & Fragrances a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Flavors & Fragrances is outperform, with an average price target of $63.38.

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