TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Feb 01, 2018 20:50 JST
Source:
Ingredion Incorporated
Ingredion Incorporated Reports Solid Fourth Quarter 2017 Results and Record Full-Year Earnings Per Share
- Fourth quarter 2017 reported and adjusted EPS were $1.35 and $1.73, respectively, up from fourth quarter 2016 reported and adjusted EPS of $1.26 and $1.67, respectively
- Full-year 2017 reported and adjusted EPS were $7.06 and $7.70, respectively, up from $6.55 of reported EPS and $7.13 adjusted EPS in the year-ago period
- 2018 adjusted EPS expected to be in the range of $8.10-$8.50, which includes an estimated one percentage point lower effective tax rate from U.S. tax reform
WESTCHESTER, Ill., Feb 01, 2018 - (ACN Newswire) - Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to diversified industries, today reported results for the fourth quarter 2017. The results reported in accordance with U.S. generally accepted accounting principles ("GAAP") for 2017 and 2016 include items which are excluded from the non-GAAP financial measures which we present.
"We concluded 2017 with record earnings per share and operating income. Sales of our higher-value specialty portfolio grew to 28 percent of net sales for the year and the continued integration of our acquisitions of the Sun Flour rice business, TIC Gums and Shandong Huanong Specialty Corn position us for continued growth," said Jim Zallie, president and chief executive officer. "For the year, specialty-related volume growth, as well as our global optimization efforts drove margin expansion. North America, Asia Pacific and EMEA achieved record operating income. South America, although down, completed an important organizational restructuring, enabling a more cost competitive position going forward.
"We expect continued growth in our specialty portfolio, disciplined cost management, and ongoing capital investments to support margin expansion. Additionally, we will explore potential M&A opportunities that drive specialty growth. We remain committed to creating long-term shareholder value. For 2018, we anticipate adjusted EPS of $8.10 to $8.50," Zallie added.
Full release:
http://hugin.info/147221/R/2165275/833100.pdf
ABOUT THE COMPANY
Ingredion Incorporated (NYSE:INGR) is a leading global ingredient solutions provider. We turn grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. Serving customers in over 100 countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger and add fiber to nutrition bars. Visit www.ingredion.com to learn more.
CONTACT:
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
###
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire
Source: Ingredion Incorporated
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Related Press Release
Ingredion Leads Series B Funding for Clara Foods and Continues Expanding Its Protein Portfolio
April 25 2019 23:00 JST
Janet Bawcom Joins Ingredion as General Counsel and Corporate Secretary
April 15 2019 23:00 JST
Ingredion Incorporated Declares Quarterly Dividend of $0.625 Per Share
March 21 2019 08:00 JST
Ingredion Incorporated Reports Fourth Quarter and Full-Year 2018 Results
February 05 2019 19:00 JST
Ingredion to Present at the Consumer Analyst Group of New York (CAGNY) Conference on Tuesday, February 19, 2019
February 05 2019 09:00 JST
Ingredion to Release 2018 Fourth-Quarter and Year-End Financial Results and Hold Conference Call and Webcast On Tuesday, February 5, 2019
January 15 2019 09:00 JST
Ingredion Incorporated Declares Quarterly Dividend of $0.625 Per Share
December 15 2018 00:00 JST
Ingredion Invests $140 Million to Accelerate Growth in Plant-Based Proteins
December 13 2018 23:00 JST
Ingredion Introduces Astraea Allulose; New Rare Sugar Provides Great Taste with Fewer Calories
December 05 2018 22:00 JST
Ingredion Announces Preliminary Third Quarter 2018 EPS and Adjusted EPS, Revises Adjusted EPS Guidance; Board Authorizes Repurchase of up to an Additional 8 Million Shares
October 24 2018 09:00 JST
More Press release >>
Latest Press Release
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>