Ingredion Q2 2021 Earnings Report
Key Takeaways
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.
Net sales increased by 26% to $1.7 billion, driven by volume growth and favorable pricing.
Operating income rose to $207 million, compared to $120 million in the prior year.
Diluted earnings per share (EPS) increased to $1.93, up from $0.98 in the prior year.
The Company raised its full-year 2021 adjusted earnings per share guidance to $6.30 to $6.60.
Ingredion
Ingredion
Ingredion Revenue by Geographic Location
Forward Guidance
Ingredion raised its full-year 2021 adjusted earnings per share guidance to $6.30 to $6.60.
Positive Outlook
- Strong demand across segments
- Effective cost management
- Operational efficiencies
- Favorable pricing environment
- Volume growth
Challenges Ahead
- Raw material cost inflation
- Supply chain disruptions
- Currency fluctuations
- Geopolitical risks
- Uncertainty related to COVID-19
Revenue & Expenses
Visualization of income flow from segment revenue to net income