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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 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.
Eat Well Investment Group has promoted Patrick Dunn to CFO and appointed him to the Board of Directors. Dunn, with a strong background in agribusiness, previously served as Vice President of Finance. His experience includes significant contributions to plant-based food ventures, notably during his tenure with Verdient Foods. The company also expresses gratitude to former CFO Nick Demare for his foundational role since 2014. Eat Well Group continues to focus on high-growth investments in agribusiness and food tech sectors.
Ingredion Incorporated (NYSE: INGR) has appointed Javier Echevarria as vice president and chief procurement officer, effective immediately. Echevarria will oversee the company's global procurement organization, including supply chain operations and strategic sourcing. He brings significant experience, previously serving as CEO at VVF Americas and holding leadership roles at Glanbia and Avient Corporation. Echevarria is a master's degree holder from the University of Chicago Booth School of Business.
This strategic appointment aims to enhance procurement efficiencies and scalability for Ingredion's customer base.
Ingredion Incorporated (NYSE: INGR) will host its 2022 Investor Day on June 2, 2022, from the Ingredion Idea Labs® innovation center in New Jersey. The event starts at 9 a.m. (ET) and is expected to conclude by 10:30 a.m. (ET). Executives, including CEO James Zallie and CFO James Gray, will lead presentations followed by a Q&A session. A live webcast will be available on the company's website, and a replay will be archived for one year.
Ingredion operates globally in over 120 countries, reporting nearly $7 billion in net sales for 2021.
Ingredion has announced an investment in Solar Biotech to enhance its bioprocessing capabilities and support growth in the SynBio sector, particularly in the FoodTech industry. The investment will accelerate Solar Biotech's sustainable manufacturing technologies and is expected to create job opportunities in Norton, Virginia. The partnership aligns with both companies' sustainability goals and is viewed as a strategic move to commercialize proprietary SynBio products. Terms of the investment were not disclosed.
Ingredion Incorporated declared a quarterly dividend of $0.65 per share payable on July 26, 2022. Stockholders must be on record by the close of business on July 1, 2022. As a leading global ingredient solutions provider, Ingredion reported nearly $7 billion in annual net sales for 2021, serving over 120 countries with innovative solutions across various industries. The company strives to enhance life through ingredients derived from grains, fruits, and vegetables, co-creating alongside customers at its global innovation centers.
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