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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 released its 2023 sustainability report, highlighting progress towards its 2030 goals. Key achievements include:
- Reducing absolute Scopes 1 and 2 carbon emissions by 22% from 2019 baseline
- Expanding renewable purchased electricity to 25%
- Promoting regenerative agriculture across 74,000 additional acres
- Advancing sustainable sourcing of Tier 1 priority crops to 66.8%, up nearly 20% from 2022
CEO Jim Zallie emphasized the company's commitment to sustainability, stating that the 2030 targets reflect Ingredion's dedication to planetary care. The report, titled 'Building a Sustainable Future. Together,' aligns with Ingredion's purpose of combining people, nature, and technology to improve life.
Better Juice has announced an expansion of its innovative enzymatic sugar-reduction technology to fruit sorbets, reducing sugar content by 50%-70% and calories by 40%. This breakthrough, based on non-GMO microorganisms, transforms sugars into prebiotic fibers while retaining the natural vitamins and nutrients of the fruits. The company showcased its reduced-sugar sorbets at the IFT Expo in Chicago. Better Juice's technology will be available via small plug-in units for manufacturers or through B2B agreements with US-based juice companies. The company recently received self-affirmed GRAS status from the US FDA, enabling commercial sales in the US, with plans to expand to Europe and other regions. Ingredion Ventures is leading a Series A funding round to support Better Juice's market expansion.
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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