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Ingredion Incorporated Reports Strong Second Quarter Results and Raises Full-Year Outlook

Ingredion Incorporated Reports Strong Second Quarter Results and Raises Full-Year Outlook

Second quarter 2024 reported and adjusted operating income* declined 4% and grew 8%, respectively, compared to prior year Second quarter 2024 reported and adjusted EPS* were $2.22 and $2.87, a decrease of 8% and an increase of 24%, respectively Raising guidance for full-year reported EPS to be in the range of $10.20 to $10.70 and [...]

Ingredion Completes Reorganization, Reports First Quarter Earnings Under New Segments and Raises Guidance

Ingredion Completes Reorganization, Reports First Quarter Earnings Under New Segments and Raises Guidance

First quarter 2024 reported and adjusted EPS* were $3.23 and $2.08, an increase of 13% and decrease of 26%, respectively Completed sale of South Korea business, another step in reshaping the portfolio and redeploying assets Raising guidance for full-year reported EPS to be in the range of $10.35 to $11.00 and adjusted EPS to be in [...]

Ingredion Incorporated Reports Strong 2023 Fourth Quarter and Full-Year Results

Ingredion Incorporated Reports Strong 2023 Fourth Quarter and Full-Year Results

Fourth quarter 2023 reported and adjusted operating income* grew 29% and 21%, respectively Full-year 2023 reported and adjusted EPS* were $9.60 and $9.42, an increase of 31% and 26%, respectively, which includes S. Korea business results that contributed $0.47 and $0.45, respectively Full-year 2023 cash from operations was $1,057 million, up from $152 million in 2022 The [...]

Ingredion Incorporated Reports Strong Second Quarter Results and Raises Full-Year Outlook

Ingredion Incorporated Reports Strong Second Quarter Results and Raises Full-Year Outlook

Second quarter 2023 reported and adjusted operating income* grew 18% and 17%, respectively, compared to PY Second quarter 2023 reported and adjusted EPS* were $2.42 and $2.32, an increase of 14% and 9%, respectively The Company raises its full year adjusted EPS outlook to be in the range of $8.80-$9.40, up from $8.70-$9.40 WESTCHESTER, Ill., Aug. 8 [...]

Ingredion Incorporated Reports Record First Quarter Results and Raises Full-Year Outlook

Ingredion Incorporated Reports Record First Quarter Results and Raises Full-Year Outlook

First quarter 2023 reported and adjusted EPS* were $2.85 and $2.80, respectively, compared to first quarter 2022 reported and adjusted EPS of $1.92 and $1.95 First quarter gross margins increased by 280 basis points to 22.8% compared to the same quarter last year The Company raises full-year 2023 adjusted EPS outlook to be in the range [...]

Ingredion Incorporated Reports 13% Net Sales Growth in the Fourth Quarter and Strong Full-Year 2022 Results

Ingredion Incorporated Reports 13% Net Sales Growth in the Fourth Quarter and Strong Full-Year 2022 Results

Fourth quarter 2022 reported and adjusted EPS* were $1.71 and $1.65, respectively, compared to fourth quarter 2021 reported and adjusted EPS of $0.99 and $1.09 Full year 2022 reported and adjusted EPS* were $7.34 and $7.45, respectively, compared to full year 2021 reported and adjusted EPS of $1.73 and $6.67 In 2022, the Company returned $288 million [...]

Ingredion Incorporated Reports Continued Strong Growth in Third Quarter 2022

Ingredion Incorporated Reports Continued Strong Growth in Third Quarter 2022

Third quarter 2022 net sales of $2,023 million, 15% higher on a reported basis and 19% higher excluding foreign exchange impacts compared to the same period in 2021 Third quarter 2022 reported and adjusted EPS* were $1.59 and $1.73, respectively, compared to third quarter 2021 reported and adjusted EPS of $1.75 and 1.67, respectively The Company [...]

Ingredion Incorporated Reports Strong Growth in Second Quarter 2022

Ingredion Incorporated Reports Strong Growth in Second Quarter 2022

Second quarter 2022 reported and adjusted EPS* were both $2.12, compared to second quarter 2021 reported and adjusted EPS of $2.62 and $2.05, respectively Year-to-date 2022 reported and adjusted EPS were $4.04 and $4.06, respectively, compared to $(1.01) and $3.90 in the year-ago period, respectively The Company expects full year 2022 adjusted earnings per share [...]

Ingredion Incorporated Delivers Solid Growth in First Quarter 2022

Ingredion Incorporated Delivers Solid Growth in First Quarter 2022

First quarter 2022 reported and adjusted EPS* were $1.92 and $1.95, respectively, compared to first quarter 2021 reported and adjusted EPS of $(3.66) and $1.85, respectively The Company maintains its expectation for full year adjusted EPS of $6.85 to $7.45, which reflects the impact of higher than expected effective tax rates WESTCHESTER, Ill., May 5 (Korea [...]

Ingredion Incorporated Reports Second Quarter 2021 Results

Ingredion Incorporated Reports Second Quarter 2021 Results

Second quarter 2021 reported and adjusted EPS* were $2.62 and $2.05, respectively, compared to second quarter 2020 reported and adjusted EPS of $0.98 and $1.12, respectively. Year-to-date 2021 reported and adjusted EPS were $(1.01) and $3.90, respectively, compared to $2.08 and $2.72, respectively, in the year-ago period. Year-to-date reported results reflect a $360 million held for [...]