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Last $86.10 USD
Change Today -0.84 / -0.97%
Volume 606.5K
INGR On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ingredion inc (INGR) Snapshot

Open
$86.41
Previous Close
$86.94
Day High
$87.05
Day Low
$85.62
52 Week High
08/17/15 - $93.87
52 Week Low
10/15/14 - $69.94
Market Cap
6.1B
Average Volume 10 Days
524.8K
EPS TTM
$5.71
Shares Outstanding
71.4M
EX-Date
06/26/15
P/E TM
15.1x
Dividend
$1.68
Dividend Yield
1.95%
Current Stock Chart for INGREDION INC (INGR)

ingredion inc (INGR) Related Businessweek News

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ingredion inc (INGR) Details

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starches and sweeteners to various industries. It offers sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrups, caramel colors, dextrose, polyols, maltodextrins and glucose, and syrup solids, as well as food-grade and industrial starches. The company also provides animal feed products; edible corn oil; refined corn oil to packers of cooking oil and to producers of margarine, salad dressings, shortening, mayonnaise and other foods; and corn gluten feed used as protein feed for chickens, pet food, and aquaculture. Its products are derived primarily from processing corn and other starch-based materials, such as tapioca, potato, and rice. The company serves food, beverage, brewing, pharmaceutical, paper and corrugated products, textile, and personal care industries, as well as animal feed and corn oil markets. It operates in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

11,800 Employees
Last Reported Date: 07/31/15
Founded in 1906

ingredion inc (INGR) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $571.5K
Senior Vice President and President of South ...
Total Annual Compensation: $559.1K
Executive Vice President of Global Specialtie...
Total Annual Compensation: $532.5K
Compensation as of Fiscal Year 2014.

ingredion inc (INGR) Key Developments

Ingredion Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Ingredion Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $172.5 million, income before tax of $156.2 million, net income of $108.9 million and net income attributable to the company of $106.7 million or $1.47 per diluted share on net sales of $1,448.9 million against operating income of $162.6 million, income before tax of $145.4 million, net income of $104.6 million and net income attributable to the company of $102.6 million or $1.35 per diluted share on net sales of $1,482.7 million reported for the same period a year ago. Non-GAAP adjusted net income was $111.5 million or $1.53 per share against non-GAAP adjusted net income of $102.6 million or $1.35 per share reported a year ago. Non-GAAP adjusted operating income was $179.8 million against $162.6 million a year ago. Adjusted non-GAAP income before taxes was $163.5 million. Net sales were down in the second quarter as a result of changes in foreign currency-exchange rates and the pass through of lower corn costs, partially offset by pricing in South America and acquisition-related volume growth. The increases in operating income were primarily due to: Penford-related and strong specialty volumes; margin expansion in North America; and pricing actions in South America. These positives were partially offset by the negative effect of foreign exchange. For the six months period, the company reported operating income of $312.0 million, income before tax of $281.6 million, net income of $194.5 million and net income attributable to the company of $190.3 million or $2.62 per diluted share on net sales of $2,779.1 million against operating income of $284.9 million, income before tax of $251.1 million, net income of $179.8 million and net income attributable to the company of $175.2 million or $2.31 per diluted share on net sales of $2,839.8 million reported for the same period a year ago. Cash provided by operating activities was $248 million against $229 million a year ago. Capital expenditures, net of proceeds on disposals was $128 million against $116 million a year ago. Non-GAAP adjusted net income was $206.3 million or $2.83 per share against non-GAAP adjusted net income of $175.2 million or $2.31 per share reported a year ago. Non-GAAP adjusted operating income was $336.5 million against $284.9 million a year ago. Adjusted non-GAAP income before taxes was $306.1 million. Year-to-date net sales were down as a result of changes in foreign currency-exchange rates and the pass through of lower corn costs, partially offset by pricing in South America to compensate for currency headwinds and volume growth, both organic and acquisition-related. The increases in operating income were primarily due to Penford-related and strong specialty volumes and margin expansion in North America. 2015 adjusted EPS, including anticipated $0.08-$0.12 per share accretion resulting from the Penford and Kerr acquisitions but excluding acquisition-related costs, is expected to be in the range of $5.60 to $5.90 compared to adjusted EPS of $5.20 in 2014. The guidance assumes: overall improvement in North America, modest improvement in Asia Pacific, South America in line, and EMEA down slightly given anticipated unfavorable changes in currency rates; an effective tax rate of 29 - 31%; and earnings per share accretion attributable to the 2014 accelerated share repurchase program. Sales of higher-value specialty ingredients are expected to continue to contribute to margin expansion. In 2015, cash generated by operations and capital expenditures are expected to be approximately $650-$700 million and $300 million, respectively. The company expects net sales and volumes to be up from 2014, and specialty volumes are expected to show continued growth.

Ingredion Incorporated Presents at World Congress on Industrial Biotechnology, Jul-20-2015 08:30 AM

Ingredion Incorporated Presents at World Congress on Industrial Biotechnology, Jul-20-2015 08:30 AM. Venue: Palais des congrès de Montréal, Montréal, Quebec, Canada. Speakers: Greg Keenan.

Ingredion Incorporated Enters into the 2015 Term Loan Credit Agreement

Ingredion Incorporated entered into the 2015 Term Loan Credit Agreement to establish a new 18 month $350 million multi-currency senior unsecured term loan credit facility. All borrowings under the term loan facility will bear interest at a variable annual rate based on the LIBOR or base rate, at the Company's election, subject to the terms and conditions thereof, plus, in each case, an applicable margin. The 2015 Term Loan Credit Agreement contains customary representations, warranties, covenants, events of default, terms and conditions, including limitations on liens, incurrence of debt, mergers and significant asset dispositions. The Company must also comply with a leverage ratio and interest coverage ratio. The occurrence of an event of default under the 2015 Term Loan Credit Agreement could result in all loans and other obligations being declared due and payable and the term loan credit facility being terminated. $350 million was borrowed under the 2015 Term Loan Credit Agreement and used to repay a portion of the amount outstanding under the Company's 2012 Revolving Credit Agreement.

 

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Industry Analysis

INGR

Industry Average

Valuation INGR Industry Range
Price/Earnings 17.1x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 16.6x
TEV/Sales 0.6x
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