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Dec 31, 2019
Ingredion Q4 2019 Earnings Report
Delivered net sales growth through pricing actions and grew the global specialties portfolio.
Key Takeaways
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.
Delivered net sales growth through pricing actions.
Grew the global specialties portfolio, led by double digit growth in Latin America.
Advanced on-trend specialty growth platforms, including investments in plant-based proteins and sugar reduction capabilities.
Streamlined the organization, achieving nearly $75 million of run-rate savings.
Ingredion
Ingredion
Forward Guidance
The Company expects 2020 reported EPS in the range of $6.48-$7.10 compared to reported EPS of $6.13 in 2019, and adjusted EPS to be in the range of $6.60-$7.20 compared to adjusted EPS of $6.65 in the prior year.
Positive Outlook
- North America operating income increases driven by favorable price mix
- South America operating income increases driven by improved price mix and higher volumes
- Asia-Pacific and EMEA operating incomes are expected to modestly increase driven by higher volumes and improved price mix
- Adjusted effective tax rate range of approximately 26.0-27.0 percent
- Continued mid to high single digit specialty ingredients net sales growth