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 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 $0.63 per share, payable on July 27, 2020. Stockholders of record as of July 1, 2020 will receive the dividend. The company reported over $6 billion in annual net sales for 2019, emphasizing its role as a global ingredient solutions provider across various markets, including food and beverage. With a workforce of over 11,000 employees and multiple innovation centers worldwide, Ingredion focuses on co-creating solutions to enhance the value of plant-based materials.
Ingredion Incorporated (NYSE: INGR) has announced an exclusive agreement with Northern Quinoa Production Corporation (NorQuin) to distribute NorQuin's quinoa flours globally. This partnership aims to enhance Ingredion's specialty portfolio amid rising demand for plant-based proteins. Additionally, a financial arrangement allows for a potential future equity investment in NorQuin. The collaboration is expected to leverage NorQuin's two decades of quinoa research and Ingredion's extensive distribution channels to create innovative quinoa-based protein offerings for food manufacturers.
Ingredion Incorporated (NYSE: INGR) has announced the pricing of a $600 million offering of 2.900% senior notes due 2030 and a $400 million offering of 3.900% senior notes due 2050. The offering, expected to close on May 13, 2020, will generate approximately $986 million in net proceeds. These funds will be used to repay outstanding debts, including those under their revolving credit facility, and for general corporate purposes. The offering is managed by BofA Securities, Citigroup, and J.P. Morgan.
Ingredion Incorporated (NYSE: INGR) announced its participation in the virtual BMO Capital Markets 15th Annual Farm to Market Conference on May 13, 2020. The presentation will be led by Jim Zallie, CEO, and James Gray, CFO, at 11:20 a.m. EDT and will be broadcast live on ir.ingredionincorporated.com. A replay will be available on the company's website. Ingredion provides ingredient solutions worldwide, serving over 120 countries with annual sales exceeding $6 billion.
Ingredion reported Q1 2020 EPS at $1.11 (reported) and $1.59 (adjusted), down from $1.48 and $1.53 in Q1 2019. Due to COVID-19 uncertainties, previous 2020 guidance is withdrawn. The company noted strong demand for packaged food ingredients, despite a decline in food service traffic. Total debt rose to $1.9 billion, and cash from operations improved to $65 million. The pending acquisition of PureCircle is expected to enhance ingredient capabilities. Capital investments are projected between $285 million and $305 million amid uncertainties in various markets.
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