Ingredion Earnings Reports

Ingredion Incorporated reported record Q4 financial results, driven by strong sales volume growth in Texture and Healthful Solutions and exceptional results in Food and Industrial Ingredients US/CAN and LATAM segments. The company's 2024 reorganization and new segment structure positioned teams well toward targeted market and customer opportunities, establishing a solid foundation for future growth.

Ingredion Incorporated reported a strong third quarter in 2024, with reported and adjusted operating income increasing by 26% and 29%, respectively. Reported and adjusted EPS also saw increases of 20% and 31%, respectively. The company raised its guidance for full-year reported EPS to be in the range of $10.60 to $10.90 and adjusted EPS to be in the range of $10.35 to $10.65.

Ingredion Incorporated reported a decrease in second quarter reported operating income by 4% but an increase in adjusted operating income by 8% compared to the prior year. Reported EPS decreased by 8% while adjusted EPS increased by 24%. The company raised its guidance for full-year reported EPS to be in the range of $10.20 to $10.70 and adjusted EPS to be in the range of $9.70 to $10.20.

Ingredion's first quarter results exceeded expectations despite a strong comparison to the previous year and the impact of extreme cold weather. The company's net sales volumes improved sequentially, and gross margins remained above 22%. The sale of the South Korea business was completed, and the company is raising its full-year reported and adjusted EPS guidance.

Ingredion's Q4 2023 results showed strong performance with a 29% increase in reported operating income and a 21% increase in adjusted operating income. The company's targeted pricing actions and cost savings initiatives helped overcome inflation and raw material volatility, leading to gross margin expansion. Cash from operations exceeded $1 billion, and $295 million was returned to shareholders in 2023.

Ingredion reported a strong third quarter with a 15% increase in adjusted operating income. The company's resilience is evident in its diverse markets and product portfolio. Ingredion has raised its full-year adjusted EPS outlook to $9.05 - $9.45, up from $8.80 - $9.40.

Ingredion Incorporated reported a 1% increase in net sales for the second quarter of 2023, driven by price and product mix, which offset volume declines. Reported and adjusted operating income increased by 18% and 17%, respectively, due to favorable price mix. The company raised its full-year adjusted EPS outlook to $8.80-$9.40.

Ingredion Incorporated reported exceptional performance in Q1 2023, delivering record quarterly profit and EPS. The company effectively managed product and customer mix, including price adjustments, to rebuild margins for the third consecutive quarter. Supply chain costs moderated, contributing to higher gross margins and operating income.

Ingredion Incorporated reported a 13% increase in net sales for the fourth quarter of 2022, driven by strong performance in both core and specialty ingredients. The company effectively managed demand for texturizing, sugar reduction, and higher-value industrial applications through customer and product mix management and pricing. Full-year 2022 reported and adjusted EPS were $7.34 and $7.45, respectively.

Ingredion's Q3 2022 results showed strong growth with net sales up 15%. The company successfully offset higher input costs and expanded gross margins, leading to strong operating income growth. Specialty ingredients continued to grow double digits across all regions.

Ingredion reported strong second-quarter results with net sales growth of 16%, reflecting robust customer demand and effective price mix management. This performance enabled the company to offset higher input costs, leading to an increase in adjusted operating income compared to the previous year. The company's specialty ingredients segment continued to exhibit strong growth, supported by the Driving Growth Roadmap.

Ingredion reported a strong first quarter with 17% net sales growth driven by higher demand and strong price mix. The company achieved 6% operating income growth despite inflationary pressures. Specialties ingredients net sales grew by 20%, and plant-based proteins net sales grew by more than 250%.

Ingredion Incorporated reported a solid performance for Q4 2021, with a 10% increase in net sales driven by strong growth in specialties. The company navigated persistent macroeconomic and global supply chain challenges effectively, focusing on customer partnerships, strategic pricing, and cost savings.

Ingredion Incorporated reported strong third-quarter results, with a 17% increase in net sales. The company's specialty ingredients growth platforms achieved double-digit increases in net sales. The company now expects full year 2021 adjusted EPS to be in the range of $6.65-$7.00 compared to adjusted EPS of $6.23 in 2020, and up from the previously provided full year outlook of $6.45-$6.85.

Ingredion reported strong second-quarter results, with increased net sales, operating income, and earnings per share. The company benefited from robust demand across its segments and geographies, as well as effective cost management and operational efficiencies.

Ingredion Incorporated reported strong first-quarter results with significant growth in net sales and adjusted operating income. The company saw operating income growth across all four regions, driven by strong performance in South America and Asia-Pacific. Specialty ingredients growth was underpinned by double-digit growth in Asia-Pacific and South America, with sugar reduction sales up over 200 percent versus the prior year.

Ingredion Incorporated reported strong fourth-quarter performance with a 3% increase in net sales. The company also completed the acquisition of Verdient Foods, Inc. and progressed with organizational restructuring, achieving $103 million in run-rate savings.

Ingredion Incorporated reported positive results for the third quarter of 2020, with sequential improvement in customer volume demand across all regions. Reported and adjusted operating income increased significantly from the second quarter, and the company is focused on managing uncertainties related to the pandemic while supporting customers.

Ingredion Incorporated reported a decline in financial performance for Q2 2020, primarily due to the impact of COVID-19 on away-from-home consumption. However, the company saw sequential improvement in June and July and is focused on optimizing for the new reality, including raising its Cost Smart savings target and completing the acquisition of PureCircle.

Ingredion reported solid operational and financial results for the first quarter, experiencing solid demand for its products and continued growth in its specialties portfolio. The company is on track to achieve its 2020 savings target through the Cost Smart savings program. However, the pandemic has significantly impacted food service traffic, leading to expected reduced volumes for ingredients formulated into food service meals and beverages.

Ingredion reported net sales growth due to pricing actions and growth in the global specialties portfolio. The company progressed its Driving Growth Roadmap and streamlined its organization, achieving significant improvements in operational efficiencies.