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.
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Ingredion reported a strong first quarter of 2022 with a 17% increase in net sales, driven by higher demand and favorable pricing. Reported EPS rose to $1.92, compared to a loss of $(3.66) in Q1 2021. The company anticipates full-year adjusted EPS between $6.85 and $7.45.
Key growth areas included a 20% rise in specialty ingredients, and a remarkable over 250% growth in plant-based proteins. However, challenges persist due to inflation and external factors impacting supply chains.
Ingredion Incorporated (NYSE: INGR) will host its 2022 Investor Day on June 2, 2022, from its Ingredion Idea Labs innovation center in New Jersey, starting at 9 a.m. ET. The event will feature presentations by CEO James Zallie, CFO James Gray, and other executives, followed by a Q&A session. A live webcast will be available on the company’s website, and preregistration is encouraged. A replay will be archived for one year. Ingredion, with global operations in over 120 countries, reported nearly $7 billion in net sales in 2021.
Ingredion Incorporated (NYSE: INGR) will announce its Q1 2022 financial results on May 5, 2022, before market opening. CEO Jim Zallie and CFO James Gray will host a conference call at 10 a.m. CT to discuss performance details. Ingredion serves over 120 countries with nearly $7 billion in annual net sales, transforming plant-based materials into ingredient solutions for various markets, including food and beverage. For more information, visit ingredion.com.
Ingredion Incorporated (NYSE: INGR) has declared a quarterly dividend of $0.65 per share, payable on April 26, 2022. Shareholders on record as of April 1, 2022 will receive this dividend. The company, headquartered in Westchester, Illinois, reported nearly $7 billion in annual net sales for 2021 and serves customers in over 120 countries. Ingredion focuses on creating value-added ingredient solutions from various plant-based materials for diverse markets, including food and beverage.
Ingredion (NYSE: INGR), a prominent global ingredient solutions provider, announced that Jim Zallie, president and CEO, and James Gray, CFO, will present at the Consumer Analyst Group of New York (CAGNY) virtual conference on Feb. 23, 2022, at 2:00 p.m. CT. Interested parties can access the webcast and presentation slides on the company’s website. A replay will also be available shortly after the event.
With nearly $7 billion in annual sales for 2021, Ingredion serves over 120 countries and specializes in turning plant-based materials into valuable ingredient solutions.
Ingredion reported 4Q 2021 and full-year results, showing adjusted EPS of $1.09 and $6.67 respectively, down from $1.75 and $6.23 in 2020. The full-year results included a $340 million impairment charge for Argentina operations. Net sales increased by 10% in 4Q, totaling $1.755 billion, while full-year sales grew 15% to $6.9 billion. The company anticipates 2022 adjusted EPS between $6.85 and $7.45, driven by improved pricing strategies and customer demand despite ongoing supply chain challenges.
Summary not available.
Ingredion Incorporated (NYSE: INGR), a leading global ingredient solutions provider, will announce its 2021 fourth quarter and year-end financial results on February 3, 2022, prior to market opening. CEO Jim Zallie and CFO James Gray will discuss the results in a conference call at 8 a.m. CT. The event will be webcast live, and a replay will be available on the company's website. Ingredion serves customers in over 120 countries and reported $6 billion in annual net sales for 2020, providing value-added ingredient solutions across various markets.
Ingredion Incorporated (NYSE: INGR) has announced the election of Chuck Magro to its Board of Directors, effective May 1, 2022. Magro, who is currently the CEO of Corteva Inc., brings extensive experience in agriculture and sustainability. Ingredion’s CEO, Jim Zallie, expressed enthusiasm for Magro's appointment, highlighting his track record in solutions-driven innovation. Magro previously led Nutrien Ltd. and Agrium Inc., overseeing numerous acquisitions. With a robust background in the agriculture sector, he is expected to enhance Ingredion's commitment to growth and value creation.