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Ingredion Incorporated (NYSE: INGR) is a leading global provider of ingredient solutions, headquartered in the Chicago suburb of Westchester, Illinois. The company transforms raw materials such as corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into high-value ingredients that serve multiple industries including food, beverage, brewing, and pharmaceuticals, as well as various industrial sectors.
With a workforce of more than 11,000 employees, Ingredion serves customers in over 120 countries. The company’s diverse product lines encompass both specialty and core ingredients. Specialty ingredients include starch-based texturizers, natural alternative sweeteners like stevia, and plant proteins for alternative dairy and snacks. Core ingredients cover sweeteners such as high-fructose corn syrup and commodity starches used in sustainable packaging.
Ingredion's strategic initiatives have driven recent growth and innovation. Through acquisitions, organic growth, and significant research and development efforts, the company continually enhances its product offerings to meet market demands. Ingredion's ingredients are pivotal in providing sweetness, taste, texture, immune system support, fat replacement, and adhesive strength, among other benefits, making foods and beverages healthier and more sustainable.
Recent announcements highlight Ingredion's forward-thinking strategies. For instance, the company has completed the sale of its South Korean business to an affiliate of the Sajo Group, reinforcing its focus on global growth and shareholder value. This transaction is part of Ingredion’s broader strategy to optimize its asset portfolio.
Financially, Ingredion has demonstrated robust performance. In 2023, the company reported annual net sales of approximately $8 billion, with a significant increase in operating income. This financial resilience is attributed to targeted pricing actions and cost-saving initiatives, enabling Ingredion to navigate market volatility effectively.
Partnerships play a crucial role in Ingredion’s growth. The recent collaboration with LBB Specialties, where Ingredion will be the exclusive channel partner in the U.S. and Canada for personal care products, exemplifies this. Additionally, strategic appointments, such as Dr. Michael Leonard as the senior vice president and chief innovation officer, underscore Ingredion’s commitment to innovation and leadership in the industry.
Ingredion’s future outlook remains strong. The company anticipates continued profitability and margin expansion, driven by its diverse product portfolio and strategic business reorganization. With plans to further invest in organic growth, dividends, and share repurchases, Ingredion is well-positioned to deliver long-term value to its shareholders.
Oobli, the first company to build a sweet protein platform, has announced a partnership with Ingredion to accelerate industry access to healthier sweetener systems. The collaboration aims to combine natural sweeteners like stevia with Oobli's proteins that sweeten. Sweet proteins can be used in various food and beverages, including sodas, baked goods, yogurts, and candies.
The partnership follows Oobli's recent FDA GRAS 'no questions' letters for two sweet proteins (monellin and brazzein), confirming their safety for use in food and beverage products. Oobli has also completed an $18M Series B1 funding round, with new strategic investors including Ingredion Ventures, Lever VC, and Sucden Ventures joining existing investors like Khosla Ventures and Piva Capital.
The companies will showcase their novel sweet treats at Future Food Tech in San Francisco on March 13-14, 2025. Oobli's sweet proteins are produced via fermentation, offering a cost-effective and climate-friendly alternative to traditional sweeteners.
Ingredion (NYSE: INGR) has announced a significant $100 million investment in its Indianapolis facility, focusing on efficiency improvements and modernization. The investment includes upgrading equipment and installing an energy cogeneration system, aimed at expanding the company's texture solutions capabilities for growing end markets.
The project will enhance operational efficiency and reliability while reducing greenhouse gas emissions. The investment supports Ingredion's recent volume growth in texture solutions and will expand capacity for future customer growth. The company expects to complete the project in the second half of 2026.
Ingredion (NYSE: INGR) reported strong financial results for Q4 and full-year 2024. Full-year reported and adjusted EPS were $9.71 and $10.65, up from $9.60 and $9.42 in 2023. The company generated $1,436 million in operating cash flow, benefiting from a $400 million favorable change in working capital.
The company returned $426 million to shareholders in 2024, including $216 million in share repurchases and $210 million in dividends. The Texture & Healthful Solutions segment showed double-digit sales volume growth in Q4, while Food & Industrial Ingredients segments in US/Canada and LATAM delivered strong results.
Looking ahead, Ingredion expects 2025 reported and adjusted EPS to be between $10.75 and $11.55, with net sales projected to grow in low single digits. The company plans capital expenditures of $400-450 million for 2025 and anticipates cash from operations between $800-950 million.
Ingredion (NYSE: INGR) has been named to the 2025 Fortune World's Most Admired Companies list for the 15th time, reinforcing its position as a leader in innovation, sustainability, and corporate excellence. The recognition highlights the company's commitment to excellence and innovation, as noted by CEO Jim Zallie, who credited the achievement to their 12,000 global employees.
The Fortune World's Most Admired Companies list, developed in collaboration with Korn Ferry, evaluates companies across nine criteria, including innovation, investment value, social responsibility, management quality, and talent retention. The ranking encompasses businesses from 30 countries and 51 industries.
As a global ingredient solutions provider, Ingredion serves customers in more than 120 countries, with 2023 annual net sales exceeding $8 billion. The company specializes in transforming grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for various markets, including food, beverage, animal nutrition, brewing, and industrial sectors.
Ingredion (NYSE: INGR) announced it will release its 2024 fourth quarter and year-end financial results on Tuesday, February 4, 2025, before market opens. The company will host a conference call at 8 a.m. CT on the same day, featuring CEO Jim Zallie and CFO Jim Gray, to discuss financial performance. The conference call will include a slide presentation and will be webcast live through the company's investor relations website. A replay will be available afterward on the company's website.
Ingredion (NYSE: INGR) has announced that its board of directors has declared a quarterly dividend of $0.80 per share on the company's common stock. The dividend will be paid on January 21, 2025, to shareholders who are recorded as stockholders at the close of business on January 2, 2025.
Ingredion (NYSE: INGR) and Lantmännen have announced a strategic partnership to develop plant-based proteins, initially focusing on pea protein isolates for the European market. Lantmännen will invest over 100 million euros in a new factory in Sweden, scheduled for completion in 2027. The collaboration combines Ingredion's market reach and process expertise with Lantmännen's production capabilities to deliver sustainably sourced pea protein isolates. This partnership aims to strengthen Ingredion's position in the European market and expand their global leadership in plant-based proteins.
Ingredion (NYSE: INGR) has appointed Mark Karns as vice president of corporate development and M&A, effective December 2, 2024. Reporting to CEO Jim Zallie, Karns will lead the combined corporate strategy and M&A function to optimize Ingredion's strategic growth agenda. Karns joins from Whirlpool , where he served as global head of mergers and acquisitions. His previous experience includes roles at Baird, where he executed over 60 M&A and financing transactions, Boston Consulting Group, and Goense Bounds & Partners.
Ingredion (NYSE: INGR) reported strong Q3 2024 results with reported and adjusted operating income increasing 26% and 29% respectively. The company achieved its highest-ever third quarter operating income performance, with reported EPS of $2.83 and adjusted EPS of $3.05, marking increases of 20% and 31%. Texture & Healthful Solutions showed 11% sales volume growth, particularly strong in U.S. markets. Based on strong performance across all segments, Ingredion raised its full-year guidance, now expecting reported EPS of $10.60-$10.90 and adjusted EPS of $10.35-$10.65.
Ingredion (NYSE: INGR) announces its first-ever Texture Innovation Day, scheduled for November 14, 2024, from 9:00 AM to 10:30 AM ET. The event will be webcast from the Idea Labs® Global Innovation Center in Bridgewater, New Jersey. This pioneering presentation will showcase how texture solutions drive innovation in food and beverage through functional, taste, and affordability benefits.
The event aims to demonstrate the important role of texture in creating memorable food experiences for consumers. Investment community members can register through Ingredion's newsroom, with preregistration recommended 10 minutes before the start. A replay will be available on the company's website and archived for one year.
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