Welcome to our dedicated page for Ingredion news (Ticker: INGR), a resource for investors and traders seeking the latest updates and insights on Ingredion stock.
Ingredion Incorporated reports developments tied to its global ingredient solutions business for food, beverage, animal nutrition, brewing, industrial and pharmaceutical applications. Company news commonly covers quarterly and full-year earnings, operating income drivers, guidance, dividends and share repurchase activity, along with demand, volume and cost trends in its ingredient businesses.
Updates also address Ingredion's plant-based materials portfolio, including starches, sweeteners, texturizers, plant-based proteins and functional excipients. Other recurring themes include responsible sourcing and regenerative agriculture initiatives, distribution arrangements for Ingredion Pharma Solutions, board and executive governance changes, and restructuring or facility actions that affect manufacturing operations.
Ingredion Incorporated (NYSE: INGR) has invested one-third of its $160 million capital investment plan to expand capacity for specialty starches, aiming to meet increased customer demand. This follows the Company's June Investor Day announcement for selective production capacity expansion. The recent opening of a manufacturing facility in Shandong, China, has doubled its starch production. The investments focus on sustainability and local sourcing, enhancing supply chain flexibility for various starches. Despite strong demand, rising ingredient costs due to geopolitical tensions pose challenges.
In its third quarter 2022 report, Ingredion (NYSE: INGR) announced net sales of $2,023 million, marking a 15% increase year-over-year. Reported EPS stood at $1.59, while adjusted EPS rose to $1.73. The company updated its full-year adjusted EPS outlook to $7.00-$7.45. Key drivers for growth included strong demand for specialty ingredients and successful pricing strategies that offset higher input costs. A new production facility in China also significantly increases capacity. However, EPS declined slightly compared to last year's third quarter due to prior year adjustments.
Ingredion Incorporated (NYSE: INGR) will announce its Q3 2022 financial results on November 3, 2022, before market opening. The results will cover the period ending September 30, 2022. CEO Jim Zallie and CFO Jim Gray will discuss the company's performance during a conference call at 8 a.m. CT on the same day. The call will be accessible via a live webcast, with a replay available afterwards. Ingredion, headquartered in Westchester, Illinois, serves over 120 countries and had nearly $7 billion in net sales in 2021.
Ingredion, headquartered in Westchester, Illinois, has declared a quarterly dividend of $0.71 per share, marking a 9% increase from the previous quarter. This dividend will be payable on October 25, 2022, to stockholders of record by October 6, 2022. Additionally, the company has authorized a new share repurchase program for up to 6 million shares from September 26, 2022, to December 31, 2025, replacing the prior program with 3.8 million shares remaining. This demonstrates the board's confidence in Ingredion's cash flow and commitment to enhancing shareholder value.
Ingredion Incorporated (NYSE: INGR) announced the appointment of Noah Weiss as vice president of investor relations and corporate communications, effective September 6, 2022. Weiss brings over 20 years of experience, having previously led investor relations at CNH Industrial. His role will focus on enhancing the company's relationships with shareholders and stakeholders in the financial community. Ingredion reported annual net sales of $6.9 billion in 2021 and operates across over 120 countries, providing ingredient solutions for various industries.
Ingredion reported strong second quarter 2022 results with adjusted EPS of $2.12, down from $2.62 in 2021. Year-to-date adjusted EPS improved to $4.06 compared to $3.90 last year. Net sales increased by 16%, driven by robust customer demand and effective pricing strategies. The company expects full-year adjusted EPS between $6.90 and $7.45. Despite challenges in global markets, especially in Asia-Pacific, overall performance shows positive momentum, particularly in specialty ingredients and North America.
Ingredion Incorporated (NYSE: INGR) will announce its Q2 2022 financial results on August 9, 2022, before market opens. The call will be hosted by CEO Jim Zallie and CFO Jim Gray at 8 a.m. CT, discussing performance metrics. Ingredion, based in Westchester, Illinois, operates globally, providing ingredient solutions across various industries, generating nearly $7 billion in net sales in 2021. The company has established innovation centers worldwide, enhancing its customer collaborations.
Eat Well Investment Group has promoted Patrick Dunn to CFO and appointed him to the Board of Directors. Dunn, with a strong background in agribusiness, previously served as Vice President of Finance. His experience includes significant contributions to plant-based food ventures, notably during his tenure with Verdient Foods. The company also expresses gratitude to former CFO Nick Demare for his foundational role since 2014. Eat Well Group continues to focus on high-growth investments in agribusiness and food tech sectors.
Ingredion Incorporated (NYSE: INGR) has appointed Javier Echevarria as vice president and chief procurement officer, effective immediately. Echevarria will oversee the company's global procurement organization, including supply chain operations and strategic sourcing. He brings significant experience, previously serving as CEO at VVF Americas and holding leadership roles at Glanbia and Avient Corporation. Echevarria is a master's degree holder from the University of Chicago Booth School of Business.
This strategic appointment aims to enhance procurement efficiencies and scalability for Ingredion's customer base.
Ingredion Incorporated (NYSE: INGR) will host its 2022 Investor Day on June 2, 2022, from the Ingredion Idea Labs® innovation center in New Jersey. The event starts at 9 a.m. (ET) and is expected to conclude by 10:30 a.m. (ET). Executives, including CEO James Zallie and CFO James Gray, will lead presentations followed by a Q&A session. A live webcast will be available on the company's website, and a replay will be archived for one year.
Ingredion operates globally in over 120 countries, reporting nearly $7 billion in net sales for 2021.