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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) 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.
Ingredion Incorporated (NYSE: INGR) will announce its Q3 2022 financial results on November 3, 2022, before market opening. The results will cover the period ending September 30, 2022. CEO Jim Zallie and CFO Jim Gray will discuss the company's performance during a conference call at 8 a.m. CT on the same day. The call will be accessible via a live webcast, with a replay available afterwards. Ingredion, headquartered in Westchester, Illinois, serves over 120 countries and had nearly $7 billion in net sales in 2021.
Ingredion, headquartered in Westchester, Illinois, has declared a quarterly dividend of $0.71 per share, marking a 9% increase from the previous quarter. This dividend will be payable on October 25, 2022, to stockholders of record by October 6, 2022. Additionally, the company has authorized a new share repurchase program for up to 6 million shares from September 26, 2022, to December 31, 2025, replacing the prior program with 3.8 million shares remaining. This demonstrates the board's confidence in Ingredion's cash flow and commitment to enhancing shareholder value.
Ingredion Incorporated (NYSE: INGR) announced the appointment of Noah Weiss as vice president of investor relations and corporate communications, effective September 6, 2022. Weiss brings over 20 years of experience, having previously led investor relations at CNH Industrial. His role will focus on enhancing the company's relationships with shareholders and stakeholders in the financial community. Ingredion reported annual net sales of $6.9 billion in 2021 and operates across over 120 countries, providing ingredient solutions for various industries.
Ingredion reported strong second quarter 2022 results with adjusted EPS of $2.12, down from $2.62 in 2021. Year-to-date adjusted EPS improved to $4.06 compared to $3.90 last year. Net sales increased by 16%, driven by robust customer demand and effective pricing strategies. The company expects full-year adjusted EPS between $6.90 and $7.45. Despite challenges in global markets, especially in Asia-Pacific, overall performance shows positive momentum, particularly in specialty ingredients and North America.
Ingredion Incorporated (NYSE: INGR) will announce its Q2 2022 financial results on August 9, 2022, before market opens. The call will be hosted by CEO Jim Zallie and CFO Jim Gray at 8 a.m. CT, discussing performance metrics. Ingredion, based in Westchester, Illinois, operates globally, providing ingredient solutions across various industries, generating nearly $7 billion in net sales in 2021. The company has established innovation centers worldwide, enhancing its customer collaborations.
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