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) is set to release its second quarter financial results for 2021 on August 3, before market opens. The company, a leader in ingredient solutions, reported net sales of $6 billion in 2020 and serves customers across more than 120 countries. CEO Jim Zallie and CFO James Gray will discuss the financial performance in a live conference call at 8 a.m. CT on the same day. Interested participants can access the webcast and will find a replay available on the company's website.
On May 19, 2021, Ingredion Incorporated's board declared a quarterly dividend of $0.64 per share on its common stock. This dividend will be payable on July 26, 2021, to stockholders of record as of the close of business on July 1, 2021. Headquartered in Westchester, Illinois, Ingredion serves over 120 countries with annual net sales of $6 billion in 2020. The company specializes in turning plant-based materials into value-added ingredient solutions for various markets including food, beverage, and industrial sectors.
Summary not available.
Univar Solutions (NYSE: UNVR) has expanded its agreement with Ingredion to exclusively distribute PureCircle's plant-based stevia products across select European countries. This partnership, cultivated over more than 20 years, enhances Univar's portfolio of specialty food ingredients that cater to various applications including beverages and dairy alternatives. PureCircle's stevia offerings, derived from its proprietary Starleaf™ plant, promise to meet the growing consumer demand for sustainable and healthier ingredients.
Ingredion Incorporated (NYSE: INGR) announced that CEO Jim Zallie will present virtually at the BMO 2021 Global Farm to Market Conference on May 20, 2021, at 10 a.m. ET. Participants can join the live webcast on the company’s website, under the 'News and Events' section, approximately 10 minutes prior to the start. Ingredion, a global leader in ingredient solutions, reported annual net sales of $6 billion in 2020 and serves customers across more than 120 countries, focusing on enhancing food, beverage, and other industries through innovation.
Ingredion reported a first quarter 2021 adjusted EPS of $1.85, an increase from $1.59 in the previous year, despite a reported loss of $(3.66) due to a $360 million impairment charge. Strong performance in Asia-Pacific and South America drove net sales up 5% year-over-year, totaling $1.614 billion. The company expects 20-30% growth in net sales for Q2 2021 fueled by volume recovery. The quarterly dividend announced is $0.64 per share.
Amyris has entered a $100 million agreement with Ingredion for exclusive licensing of its zero-calorie, nature-based Reb M sweetener. The deal includes a minority ownership stake for Ingredion in Amyris's Brazilian manufacturing facility and establishes Ingredion as the exclusive commercial partner for Amyris's sugar reduction technology. This collaboration aims to accelerate the availability of sustainable ingredients for the food and beverage industry, enhancing both companies' market reach. The transaction is expected to close in Q2 2021.
Amyris, Inc. (Nasdaq: AMRS) has signed a $100 million agreement with Ingredion Incorporated (NYSE: INGR) to exclusively license its zero-calorie fermented Reb M sweetener. The deal includes Ingredion acquiring a minority stake in Amyris's Brazilian manufacturing facility currently under construction. This collaboration aims to accelerate the production and marketing of sustainable sweeteners and fermentation-based ingredients. The transaction, expected to close in the second quarter, positions both companies to enhance their offerings in the food and beverage industry through sustainable solutions.
Ingredion Incorporated (NYSE: INGR) will release its 2021 Q1 financial results on May 4, 2021, before market opens. CEO Jim Zallie and CFO James Gray will discuss the results during a conference call at 8 a.m. CT, which will be available for live webcast. Ingredion, a leading global ingredient solutions provider, reported $6 billion in net sales in 2020, serving over 120 countries. The company specializes in converting plant-based materials into value-added solutions for various markets, including food and beverage.
Ingredion, a global provider of ingredient solutions, has acquired KaTech, enhancing its Food Systems platform with advanced texturizing and stabilizing solutions. This strategic acquisition broadens the customer base and aligns with consumer trends towards label-friendly ingredients. The integration aims to leverage KaTech's formulation expertise and extend Ingredion's market reach in Europe, complementing its U.S. and Asia operations. Although financial terms were undisclosed, this move is positioned to deliver value to food and beverage manufacturers with tailored solutions.