Jim Cramer Smells Success At International Flowers & Fragrances

Shares of International Flavors & Fragrances Inc IFF hit a new 52-week high of $139.81 on Tuesday after the company reported its second quarter results.

The manufacturer and supplier of flavors and fragrances for the food, beverage, personal care and household products industries said it earned $1.46 per share in the second quarter on revenue of $793.5 million. Wall Street analysts were expecting the company to earn $1.40 per share on revenue of $785.6 million.

The company also provided full year fiscal 2016 guidance and expects its sales to rise by 3.5 to 4.5 percent and grow its earnings per share by 6.5 to 8.5 percent.

Jim Cramer, the co-manager of TheStreet's Action Alerts PLUS portfolio and CNBC host said IFF reported a "blowout quarter."

Cramer also said the stock's 20 percent gain over the past year is due to the company's track record of reporting earnings beats in three of the past four quarters.

On the lighter side, Cramer said the IFF created a "Mad Money" cologne that smells like crisp $100 bills.

"This is the sweet smell of success," Cramer said in reference to both the cologne and the stock's performance.