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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 second quarter financial results for 2021 on August 3, before market opens. The company, a leader in ingredient solutions, reported net sales of $6 billion in 2020 and serves customers across more than 120 countries. CEO Jim Zallie and CFO James Gray will discuss the financial performance in a live conference call at 8 a.m. CT on the same day. Interested participants can access the webcast and will find a replay available on the company's website.
On May 19, 2021, Ingredion Incorporated's board declared a quarterly dividend of $0.64 per share on its common stock. This dividend will be payable on July 26, 2021, to stockholders of record as of the close of business on July 1, 2021. Headquartered in Westchester, Illinois, Ingredion serves over 120 countries with annual net sales of $6 billion in 2020. The company specializes in turning plant-based materials into value-added ingredient solutions for various markets including food, beverage, and industrial sectors.
Univar Solutions (NYSE: UNVR) has expanded its agreement with Ingredion to exclusively distribute PureCircle's plant-based stevia products across select European countries. This partnership, cultivated over more than 20 years, enhances Univar's portfolio of specialty food ingredients that cater to various applications including beverages and dairy alternatives. PureCircle's stevia offerings, derived from its proprietary Starleaf™ plant, promise to meet the growing consumer demand for sustainable and healthier ingredients.
Ingredion Incorporated (NYSE: INGR) announced that CEO Jim Zallie will present virtually at the BMO 2021 Global Farm to Market Conference on May 20, 2021, at 10 a.m. ET. Participants can join the live webcast on the company’s website, under the 'News and Events' section, approximately 10 minutes prior to the start. Ingredion, a global leader in ingredient solutions, reported annual net sales of $6 billion in 2020 and serves customers across more than 120 countries, focusing on enhancing food, beverage, and other industries through innovation.
Ingredion reported a first quarter 2021 adjusted EPS of $1.85, an increase from $1.59 in the previous year, despite a reported loss of $(3.66) due to a $360 million impairment charge. Strong performance in Asia-Pacific and South America drove net sales up 5% year-over-year, totaling $1.614 billion. The company expects 20-30% growth in net sales for Q2 2021 fueled by volume recovery. The quarterly dividend announced is $0.64 per share.
Amyris has entered a $100 million agreement with Ingredion for exclusive licensing of its zero-calorie, nature-based Reb M sweetener. The deal includes a minority ownership stake for Ingredion in Amyris's Brazilian manufacturing facility and establishes Ingredion as the exclusive commercial partner for Amyris's sugar reduction technology. This collaboration aims to accelerate the availability of sustainable ingredients for the food and beverage industry, enhancing both companies' market reach. The transaction is expected to close in Q2 2021.
Amyris, Inc. (Nasdaq: AMRS) has signed a $100 million agreement with Ingredion Incorporated (NYSE: INGR) to exclusively license its zero-calorie fermented Reb M sweetener. The deal includes Ingredion acquiring a minority stake in Amyris's Brazilian manufacturing facility currently under construction. This collaboration aims to accelerate the production and marketing of sustainable sweeteners and fermentation-based ingredients. The transaction, expected to close in the second quarter, positions both companies to enhance their offerings in the food and beverage industry through sustainable solutions.
Ingredion Incorporated (NYSE: INGR) will release its 2021 Q1 financial results on May 4, 2021, before market opens. CEO Jim Zallie and CFO James Gray will discuss the results during a conference call at 8 a.m. CT, which will be available for live webcast. Ingredion, a leading global ingredient solutions provider, reported $6 billion in net sales in 2020, serving over 120 countries. The company specializes in converting plant-based materials into value-added solutions for various markets, including food and beverage.
Ingredion, a global provider of ingredient solutions, has acquired KaTech, enhancing its Food Systems platform with advanced texturizing and stabilizing solutions. This strategic acquisition broadens the customer base and aligns with consumer trends towards label-friendly ingredients. The integration aims to leverage KaTech's formulation expertise and extend Ingredion's market reach in Europe, complementing its U.S. and Asia operations. Although financial terms were undisclosed, this move is positioned to deliver value to food and beverage manufacturers with tailored solutions.
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