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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.
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.
Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, has announced the release of its 2024 third quarter financial results on November 5, 2024. The results, covering the period ended September 30, 2024, will be released before the market opens.
Following the release, Jim Zallie, president and CEO, and Jim Gray, executive vice president and CFO, will host a conference call at 8 a.m. CT to discuss the company's financial performance. The call will include an accompanying slide presentation and will be webcast live on the company's investor relations website. Participants are advised to log on approximately 10 minutes before the presentation starts. A replay of the presentation will be available on Ingredion's website after the event.
Ingredion Incorporated (NYSE: INGR) has announced a quarterly dividend of $0.80 per share on its common stock. The dividend will be payable on October 22, 2024, to stockholders of record as of the close of business on October 1, 2024. This marks the tenth consecutive year that Ingredion's board has approved a quarterly dividend increase in the third quarter, demonstrating the company's commitment to returning value to shareholders. The consistent dividend growth reflects Ingredion's financial stability and confidence in its long-term business prospects.
Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, has been named a finalist for the National Safety Council's (NSC) Green Cross for Safety® awards in the 'Safety Excellence' category. This recognition highlights Ingredion's outstanding commitment to safety and health, innovative approaches to awareness, and comprehensive employee engagement.
In 2023, Ingredion achieved record lows in recordable and lost time incidents, operating at world-class levels of safety and performance. The company's 'Care First' culture and zero-injury mindset have empowered its 12,000 employees to take an active role in safety, both in the workplace and at home. The winners of the NSC awards will be announced on September 16.
Ingredion Incorporated (NYSE: INGR) reported strong second quarter 2024 results and raised its full-year outlook. Key highlights include:
- Adjusted operating income grew 8% to $270 million
- Adjusted EPS increased 24% to $2.87
- Full-year adjusted EPS guidance raised to $9.70-$10.20
- Texture & Healthful Solutions segment saw 8% sales volume growth
- Cost2Compete program achieved $18 million in run-rate savings
The company experienced significant growth, driven by robust customer demand and strong profit growth in Food & Industrial segments. Ingredion deployed strategic capital to support future organic growth in texture solutions and increased its ownership in PureCircle to 98%.
Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, has announced the release date for its 2024 second quarter financial results. The company will disclose its financial performance for the period ended June 30, 2024, before the market opens on Tuesday, August 6, 2024.
Following the release, Ingredion will host a conference call and webcast at 8 a.m. CT on the same day. The call will feature Jim Zallie, president and CEO, and Jim Gray, executive vice president and CFO, who will discuss the company's financial performance. Investors and interested parties can access the webcast live at the company's investor relations website.
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