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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 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.
Ingredion Incorporated (NYSE: INGR) is set to release its 2020 third quarter financial results on November 2, 2020, before the market opens. The report will cover the period ending September 30, 2020. Following the release, Jim Zallie, president and CEO, along with James Gray, CFO, will discuss the results in a conference call scheduled for 8 a.m. CT. The call will be available via webcast, with a replay option offered on their website. Ingredion, a global ingredient solutions provider, reported over $6 billion in net sales for 2019 and operates in over 120 countries.