By  on January 29, 2002

NEW YORK — The acquisition of Bush Boake Allen and a sweeping reorganization paid dividends for International Flavors & Fragrances as it concluded its fiscal year.

For the fourth quarter ended Dec. 31, 2001, net income skyrocketed to $29.2 million, or 30 cents a diluted share, in line with analysts’ estimates and more than 20 times reported income of $1.4 million, or 1 cent a share, in the final quarter of 2000. Excluding a pretax restructuring charge of $15.7 million in the fourth quarter of 2000, earnings would have been $17.1 million, or 18 cents a share, and the increase in profit would have been 70.2 percent.

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