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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 Incorporated (NYSE: INGR) is set to release its first quarter 2023 financial results on May 3, 2023, before market opening. The report will cover the period ending March 31, 2023, and will be followed by a conference call at 8 a.m. CT, hosted by CEO Jim Zallie and CFO James Gray. The webcast will be available live and will also feature a replay on the company’s website. Ingredion serves over 120 countries with innovative ingredient solutions, generating nearly $8 billion in net sales for 2022. The company focuses on transforming grains, fruits, and vegetables into valuable ingredient solutions across various sectors, including food, beverage, and animal nutrition.
The board of directors of Ingredion Incorporated (NYSE: INGR) has declared a quarterly dividend of $0.71 per share on its common stock, payable on April 25, 2023. Stockholders who are on record as of April 3, 2023 will receive this dividend. Ingredion, headquartered in Westchester, Illinois, reported nearly $8 billion in annual net sales for 2022, providing ingredient solutions across diverse markets including food, beverages, and industrial applications. The company operates globally with more than 12,000 employees and innovation centers worldwide, emphasizing its commitment to co-creating solutions that enhance quality of life.
WESTCHESTER, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR) has announced that Jim Zallie, president and CEO, and James Gray, executive vice president and CFO, will present at the Consumer Analyst Group of New York (CAGNY) conference on February 22, 2023, at 1:00 p.m. CT in Boca Raton, Florida. The presentation will be accessible via live webcast, with slides available on the Company’s website. Ingredion serves over 120 countries, generating nearly $8 billion in sales in 2022, focusing on innovative ingredient solutions across various markets, including food and beverage.
Ingredion reported strong fourth quarter 2022 results, with an adjusted EPS of $1.65, up from $1.09 in Q4 2021. Full-year adjusted EPS rose to $7.45. The company returned $288 million to shareholders, increasing dividends by 9%. Net sales grew 13% in Q4 and 15% for the full year, driven by favorable pricing and specialty ingredients growth. Ingredion plans a full-year 2023 adjusted EPS range of $7.70 to $8.40, anticipating continued sales growth. Investments include a $160 million capacity expansion in specialty starches and an acquisition in India for specialty ingredients.
Ingredion Incorporated (NYSE: INGR) will release its 2022 fourth quarter and year-end financial results before market opens on Feb. 8, 2023. The company, based in Westchester, IL, is a leading global provider of ingredient solutions, with 2021 annual net sales approaching $7 billion. On the same day, a conference call will be hosted by Jim Zallie, CEO, and Jim Gray, CFO, at 8 a.m. CT to discuss the financial performance, with a live webcast available for investors. Ingredion operates more than 12,000 employees across 120 countries and collaborates with customers to enhance ingredient solutions.
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.
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