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 declared a quarterly dividend of $0.64 per share on its common stock. This dividend is set to be paid on April 26, 2021, to shareholders on record as of April 1, 2021. With annual net sales of $6 billion in 2020, Ingredion is a global leader in ingredient solutions, serving clients in over 120 countries. The company specializes in converting plant-based materials into value-added ingredients for various markets including food, beverage, and animal nutrition.
Summary not available.
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.
Summary not available.
Summary not available.
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.
Summary not available.