Common Stocks:
Company Analysis & Recent
News
INGR
3/3/24
Note: CF = forecast cash flow per share
FFO: funds from operations (cash flow)
Ingredion
Ingredion reported December
quarter earnings (adjusted) of $1.97 per share, $0.13 above analyst
forecasts, and up 19% vs. year-ago. Revenues down 3% to $1.92
billion. Operating income (adjusted) up 21% to $203 million.
Mixed, but mostly strong growth
numbers from Ingredion.
In August, Ingredian raised its quarterly
dividend by 10% to $0.78 per share, 3.1% dividend yield.
Background
Ingredion
produces
sweeteners, starches, nutrition ingredients and
biomaterials that are used by customers in everyday products from
foods and beverages to paper and pharmaceuticals.
Quarterly Reports
September '23: EPS
(adjusted) $2.33, up 35% vs. year-ago. Revenues up 1% to $2.033
billion. Operating income (adjusted) up 15% to $219 million.
Mixed, but on balance, okay growth
numbers from Ingredion.
June '23: EPS
(adjusted) $2.32, up 9%. Revenues up 1% to $2.07
billion. Operating income (adjusted) up 17% to $251 million.
March '23: EPS
(adjusted) $2.80, $0.79 up 44%. Revenues up 13% to
$2.14 billion.
Dec. '22: EPS (adjusted) $1.35,
up 24% vs. year-ago. Revenues up
13% to $1,987 million.
|