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 (NYSE: INGR) is a global ingredient solutions provider that turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for food, beverage, animal nutrition, brewing and industrial markets. Headquartered in the suburbs of Chicago and serving customers in more than 120 countries, the company regularly issues news and updates that reflect its operations, financial performance and strategic priorities.
News about Ingredion often includes quarterly and full-year financial results, earnings guidance and commentary on segment performance. The company reports on the performance of business groupings such as Texture & Healthful Solutions and Food & Industrial Ingredients in regions like U.S./Canada and Latin America, providing insight into volume trends, operating income and regional demand dynamics. Investors and analysts follow these releases to understand how Ingredion’s ingredient solutions portfolio is performing across markets.
Ingredion’s news flow also covers corporate actions such as dividend declarations, stock repurchase program authorizations and credit facility agreements. Announcements have described consecutive annual increases in the quarterly dividend and the approval of stock repurchase programs authorizing the repurchase of shares over multi-year periods. Filings and press releases discuss revolving credit agreements that support the company’s liquidity and capital structure.
In addition, Ingredion issues news about strategic initiatives, leadership and community engagement. Examples include updates on its innovation-driven growth strategy, appointments to executive leadership roles such as the executive vice president for Global Texture & Healthful Solutions, and community-focused efforts like sponsorships and collaborations that align with health and well-being themes. For ongoing coverage of these developments, readers can monitor INGR news to track financial results, capital allocation decisions, regional business trends and corporate announcements related to Ingredion’s global ingredient solutions business.
Ingredion Incorporated has declared a quarterly dividend of $0.71 per share on its common stock, scheduled for payment on January 24, 2023. Stockholders of record as of January 2, 2023 will receive this dividend. The company reported nearly $7 billion in annual net sales for 2021 and operates in over 120 countries, focusing on value-added ingredient solutions across multiple industries.
Ingredion Incorporated (NYSE: INGR) announced that its 2030 emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), aligning with the Paris Agreement. By 2030, the company aims to achieve a 28% reduction in absolute scope 1 and 2 greenhouse gas emissions and a 15% reduction in scope 3 emissions from a 2019 baseline. Initiatives include transitioning to renewable electricity and supporting regenerative agriculture practices. This commitment underscores Ingredion's dedication to sustainability and environmental stewardship.
Ingredion Incorporated (NYSE: INGR) has invested one-third of its $160 million capital investment plan to expand capacity for specialty starches, aiming to meet increased customer demand. This follows the Company's June Investor Day announcement for selective production capacity expansion. The recent opening of a manufacturing facility in Shandong, China, has doubled its starch production. The investments focus on sustainability and local sourcing, enhancing supply chain flexibility for various starches. Despite strong demand, rising ingredient costs due to geopolitical tensions pose challenges.
In its third quarter 2022 report, Ingredion (NYSE: INGR) announced net sales of $2,023 million, marking a 15% increase year-over-year. Reported EPS stood at $1.59, while adjusted EPS rose to $1.73. The company updated its full-year adjusted EPS outlook to $7.00-$7.45. Key drivers for growth included strong demand for specialty ingredients and successful pricing strategies that offset higher input costs. A new production facility in China also significantly increases capacity. However, EPS declined slightly compared to last year's third quarter due to prior year adjustments.
Ingredion Incorporated (NYSE: INGR) will announce its Q3 2022 financial results on November 3, 2022, before market opening. The results will cover the period ending September 30, 2022. CEO Jim Zallie and CFO Jim Gray will discuss the company's performance during a conference call at 8 a.m. CT on the same day. The call will be accessible via a live webcast, with a replay available afterwards. Ingredion, headquartered in Westchester, Illinois, serves over 120 countries and had nearly $7 billion in net sales in 2021.
Ingredion, headquartered in Westchester, Illinois, has declared a quarterly dividend of $0.71 per share, marking a 9% increase from the previous quarter. This dividend will be payable on October 25, 2022, to stockholders of record by October 6, 2022. Additionally, the company has authorized a new share repurchase program for up to 6 million shares from September 26, 2022, to December 31, 2025, replacing the prior program with 3.8 million shares remaining. This demonstrates the board's confidence in Ingredion's cash flow and commitment to enhancing shareholder value.
Ingredion Incorporated (NYSE: INGR) announced the appointment of Noah Weiss as vice president of investor relations and corporate communications, effective September 6, 2022. Weiss brings over 20 years of experience, having previously led investor relations at CNH Industrial. His role will focus on enhancing the company's relationships with shareholders and stakeholders in the financial community. Ingredion reported annual net sales of $6.9 billion in 2021 and operates across over 120 countries, providing ingredient solutions for various industries.
Ingredion reported strong second quarter 2022 results with adjusted EPS of $2.12, down from $2.62 in 2021. Year-to-date adjusted EPS improved to $4.06 compared to $3.90 last year. Net sales increased by 16%, driven by robust customer demand and effective pricing strategies. The company expects full-year adjusted EPS between $6.90 and $7.45. Despite challenges in global markets, especially in Asia-Pacific, overall performance shows positive momentum, particularly in specialty ingredients and North America.
Ingredion Incorporated (NYSE: INGR) will announce its Q2 2022 financial results on August 9, 2022, before market opens. The call will be hosted by CEO Jim Zallie and CFO Jim Gray at 8 a.m. CT, discussing performance metrics. Ingredion, based in Westchester, Illinois, operates globally, providing ingredient solutions across various industries, generating nearly $7 billion in net sales in 2021. The company has established innovation centers worldwide, enhancing its customer collaborations.
Eat Well Investment Group has promoted Patrick Dunn to CFO and appointed him to the Board of Directors. Dunn, with a strong background in agribusiness, previously served as Vice President of Finance. His experience includes significant contributions to plant-based food ventures, notably during his tenure with Verdient Foods. The company also expresses gratitude to former CFO Nick Demare for his foundational role since 2014. Eat Well Group continues to focus on high-growth investments in agribusiness and food tech sectors.