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Ingredion (INGR)
NYSE:INGR
Holding INGR?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.54Last Year’s EPS
$1.97Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 3.10%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated a strong performance in operating income and cost savings, with recognition for innovation and safety. However, there were challenges in net sales and ongoing losses in the protein fortification business.Company Guidance
During Ingredion's Q3 2024 earnings call, the company provided updated guidance indicating strong financial performance and future expectations. The company reported a 29% increase in adjusted operating income, marking their best third-quarter performance, driven by a 4% net sales volume growth and significant contributions from all three business segments. Ingredion highlighted a 490 basis point improvement in gross margins to 25.6% and increased their full-year adjusted EPS guidance to a range of $10.35 to $10.65. The company also anticipates achieving $50 million in run rate savings by the end of 2025 through their Cost2Compete program. Furthermore, Ingredion expects their adjusted operating income to be up by high single digits for the full year 2024, reflecting lower input costs and improved operational efficiencies. Additionally, they plan to invest between $310 million and $330 million in capital expenditures and aim for a cash flow from operations between $1.1 billion and $1.25 billion for the year.Record Q3 Operating Income
Ingredion achieved a 29% increase in adjusted operating income, marking the best Q3 performance ever and the second highest quarter in company history.
Double-Digit Growth in All Segments
All three segments delivered double-digit operating income growth, demonstrating strong performance across different areas.
Cost2Compete Program Success
The Cost2Compete program has delivered $50 million in run rate savings, ahead of expectations, contributing to improved operational efficiency.
Strong Cash Flow and Share Repurchase
Year-to-date cash from operations was $1 billion, with $87 million of outstanding common shares repurchased, targeting $100 million for the year.
Recognition and Awards
Ingredion was named a finalist for the National Safety Council's Green Cross for Safety Awards and recognized as one of the most innovative companies in Brazil.
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INGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $134.04 | $154.86 | +15.53% |
| Aug 06, 2024 | $119.31 | $127.20 | +6.61% |
| May 08, 2024 | $115.10 | $116.96 | +1.62% |
| Feb 06, 2024 | $108.48 | $107.61 | -0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ingredion (INGR) report earnings?
Ingredion (INGR) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Ingredion (INGR) earnings time?
Ingredion (INGR) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INGR EPS forecast?
INGR EPS forecast for the fiscal quarter 2024 (Q4) is $2.54.
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