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 (NYSE: INGR) is a global ingredient solutions provider that turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for food, beverage, animal nutrition, brewing and industrial markets. Headquartered in the suburbs of Chicago and serving customers in more than 120 countries, the company regularly issues news and updates that reflect its operations, financial performance and strategic priorities.
News about Ingredion often includes quarterly and full-year financial results, earnings guidance and commentary on segment performance. The company reports on the performance of business groupings such as Texture & Healthful Solutions and Food & Industrial Ingredients in regions like U.S./Canada and Latin America, providing insight into volume trends, operating income and regional demand dynamics. Investors and analysts follow these releases to understand how Ingredion’s ingredient solutions portfolio is performing across markets.
Ingredion’s news flow also covers corporate actions such as dividend declarations, stock repurchase program authorizations and credit facility agreements. Announcements have described consecutive annual increases in the quarterly dividend and the approval of stock repurchase programs authorizing the repurchase of shares over multi-year periods. Filings and press releases discuss revolving credit agreements that support the company’s liquidity and capital structure.
In addition, Ingredion issues news about strategic initiatives, leadership and community engagement. Examples include updates on its innovation-driven growth strategy, appointments to executive leadership roles such as the executive vice president for Global Texture & Healthful Solutions, and community-focused efforts like sponsorships and collaborations that align with health and well-being themes. For ongoing coverage of these developments, readers can monitor INGR news to track financial results, capital allocation decisions, regional business trends and corporate announcements related to Ingredion’s global ingredient solutions business.
Ingredion (NYSE: INGR) and Grupo Arcor have formed a joint venture to enhance ingredient solutions in Argentina, Chile, and Uruguay. The agreement, announced on February 12, 2021, will see Arcor hold a 51% stake, while Ingredion will hold 49%. This venture aims to leverage both companies' manufacturing expertise, with a combined turnover exceeding US$300 million. It will streamline operations across four facilities, producing essential value-added ingredients for the food, beverage, and pharmaceutical sectors.
Ingredion reported a strong performance for Q4 2020, with adjusted EPS at $1.75, up from $1.54 a year ago. Full-year adjusted EPS was $6.23, dropping from $6.61 in 2019. The company expects modest growth in net sales and operating income for 2021, driven by specialty ingredients and Cost Smart savings. Fourth-quarter net sales grew 3% year-over-year, with recovery in three of four regions. Notably, the strategic acquisition of Verdient Foods was completed, and significant savings from restructuring were achieved, totaling $103 million.
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Ingredion Incorporated (NYSE: INGR) announced the release of its 2020 fourth quarter and year-end financial results, scheduled for Feb. 3, 2021. The results will cover the period ending Dec. 31, 2020, and will be discussed in a live webcast by CEO Jim Zallie and CFO James Gray at 8 a.m. CT on the same day. Ingredion, a global leader in ingredient solutions, reported over $6 billion in net sales for 2019, serving customers in 120 countries. The company aims to innovate through its Ingredion Idea Labs innovation centers, employing over 11,000 people worldwide.
Ingredion (NYSE: INGR) has appointed Eric Seip as senior vice president, global operations, and chief supply chain officer, effective Jan. 11, 2021. Seip will oversee global manufacturing and supply chain, focusing on safety, efficiency, and digital transformation. He brings over 30 years of experience in supply chain management from his previous role at ChampionX. Ingredion, based in Westchester, Illinois, reported over $6 billion in net sales in 2019 and operates in more than 120 countries, leveraging innovative ingredient solutions across various markets.
Ingredion has declared a quarterly dividend of $0.64 per share, payable on January 28, 2021, to stockholders recorded by January 4, 2021. Headquartered in Westchester, Illinois, Ingredion operates globally, providing ingredient solutions across over 120 countries. In 2019, the company generated annual net sales exceeding $6 billion. The firm focuses on transforming grains, fruits, and vegetables into value-added solutions for various markets, including food and beverage.
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Ingredion has announced the acquisition of 100% ownership of Verdient Foods Inc., expected to close this month. The acquisition enables Ingredion to enhance its manufacturing capabilities and meet the growing consumer demand for plant-based foods. The company has invested over $200 million in plant-based proteins and anticipates total investments to exceed $200 million by 2020. The acquisition aligns with Ingredion's strategy to capitalize on megatrends in the global food industry.
Ingredion reported third quarter 2020 results with reported EPS at $1.36 and adjusted EPS at $1.77, showing declines from $1.47 and $1.86 in 2019. Year-to-date figures also fell, with reported EPS at $3.45 compared to $4.51 last year. The company plans to acquire 100% ownership of Verdient Foods Inc. to enhance its plant-based protein portfolio. Despite these challenges, Ingredion saw a 35% increase in operating income from the previous quarter due to improved customer demand as COVID-19 restrictions eased.
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