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Dec 31, 2020
Ingredion Q4 2020 Earnings Report
Delivered strong Q4 performance with net sales growth and advanced growth roadmap.
Key Takeaways
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.
Delivered 3% net sales growth in Q4, with contributions from all regions.
Completed the strategic acquisition of 100% ownership in Verdient Foods, Inc.
Achieved $103 million of run-rate savings through organizational redesign and restructuring.
Specialty ingredients net sales grew in all four regions, representing 32% of annual net sales.
Ingredion
Ingredion
Forward Guidance
For the first quarter of 2021, Ingredion anticipates total net sales to be slightly up and operating income to be modestly up. For the full year, the Company anticipates net sales and region operating income to be modestly up, driven by specialty ingredients growth, other volume recovery and Cost Smart savings.
Positive Outlook
- Net sales to be slightly up in Q1 2021.
- Operating income to be modestly up in Q1 2021.
- Net sales to be modestly up for full year 2021.
- Operating income to be modestly up for full year 2021.
- Growth driven by specialty ingredients, volume recovery and Cost Smart savings.
Challenges Ahead
- Performance depends on the impact of COVID-19 resurgence trends.
- Performance depends on the pace and effectiveness of vaccines.
- Uncertain environment prevents providing full year 2021 EPS guidance.
- Uncertain environment prevents providing cash flow from operations guidance.
- Corporate costs are expected to be flat.