Significant Double-Digit EPS Growth
Ingredion achieved significant double-digit adjusted EPS growth for the fourth quarter, driven by strong sales volume growth in Texture & Healthful Solutions and exceptional performance from Food & Industrial Ingredients segments.
Record Gross Profit and Margins
For the full year 2024, gross profit dollars and margins reached record levels of $1.8 billion with a corresponding margin of 24%, up 270 basis points compared to 2023.
Cost2Compete Program Success
Ingredion exceeded the year one run rate cost savings target of $18 million by more than 30% in their Cost2Compete program, with a future target of $50 million by end of 2025.
Recognition and Awards
Ingredion was recognized as one of the 250 Best-Managed Companies by the Wall Street Journal and was designated as a Great Place to Work in Brazil, Singapore, Thailand, China, Germany, Malaysia, and the UK.
Cash Flow and Shareholder Returns
2024 cash generated from operations was $1.4 billion, and the company returned $426 million to shareholders, more than doubling their initial share repurchase goal.