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.
Univar Solutions and Ingredion announced an expansion of their distribution partnership into Germany, Italy, and Switzerland for the food and beverage market.
This collaboration, which has lasted over 30 years, aims to meet increasing consumer demand for healthier, sustainable, and flavorful products.
The partnership will leverage Univar's extensive commercial reach and Ingredion's innovative ingredient portfolio, including starches, plant-based proteins, and stevia sweeteners.
The companies will utilize Univar's Global Solutions Centers, featuring advanced food science and application development, to accelerate product innovation and market responsiveness.
Both companies aim to enhance product performance, customer appeal, and facilitate fat and sugar reduction while maintaining consumer-friendly labeling.
Ingredion Incorporated (NYSE: INGR) has declared a quarterly dividend of $0.78 per share.
This dividend is payable on July 23, 2024, to stockholders of record at the close of business on July 1, 2024.
Ingredion Incorporated reported first quarter 2024 earnings with reported and adjusted EPS of $3.23 and $2.08, respectively. The company completed the sale of its South Korea business, reshaping its portfolio. Ingredion raised its full-year reported EPS guidance to $10.35-$11.00 and adjusted EPS guidance to $9.20-$9.85. Operating income is expected to increase low to mid-single-digits in the second quarter. The company's Driving Growth Roadmap aims at long-term value creation.
LBB Specialties (LBBS) has partnered with Ingredion Incorporated (NYSE: INGR) to distribute personal care products in the U.S. and Canada. This collaboration enhances LBB Specialties' commitment to innovation and sustainability, providing nature-based solutions for clean and sustainable personal care products.
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