Ingredion Inc - INGR STOCK NEWS

Ingredion Incorporated (NYSE: INGR) is set to release its 2020 third quarter financial results on November 2, 2020, before the market opens. The report will cover the period ending September 30, 2020. Following the release, Jim Zallie, president and CEO, along with James Gray, CFO, will discuss the results in a conference call scheduled for 8 a.m. CT. The call will be available via webcast, with a replay option offered on their website. Ingredion, a global ingredient solutions provider, reported over $6 billion in net sales for 2019 and operates in over 120 countries.

The board of directors of Ingredion has declared a quarterly dividend of $0.64 per share, payable on October 26, 2020. This dividend increase marks the sixth consecutive year of growth in the third quarter. Ingredion, headquartered in Westchester, Illinois, reported over $6 billion in net sales for 2019, operating in more than 120 countries. The company specializes in transforming plant-based materials into value-added ingredient solutions across various sectors including food and beverage.

Ingredion Incorporated (NYSE: INGR) announced it will release its 2020 second quarter financial results on August 4, 2020, before market opening. A conference call led by Jim Zallie, CEO, and James Gray, CFO, will follow at 8 a.m. CT to discuss the financial performance. This leading global ingredient solutions provider reported over $6 billion in annual net sales for 2019, serving over 120 countries. With a team of over 11,000 employees, Ingredion continues to innovate in various markets including food and beverage.

Ingredion Incorporated (NYSE: INGR) announced the appointment of Jeremy Xu as senior vice president and chief innovation officer, effective October 1, 2020. Xu, who has experience in leading innovation at Royal DSM and a 16-year tenure at DuPont, will focus on advancing specialty growth platforms and overseeing Ingredion Idea Labs® innovation centers. He succeeds Tony DeLio, who is retiring in February 2021. Xu holds multiple degrees, including a doctorate from Purdue University, and is fluent in English, Mandarin, and Cantonese.

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.