Ingredion Guides Q2 2013 EPS $1.15-$1.20 vs $1.33 in Q2 2012

Ingredion Incorporated INGR, a leading global provider of ingredient solutions to diversified industries, today provided expected EPS for the second quarter and an updated outlook for full year 2013. "We have experienced a significant deterioration in economic conditions in South America," said Ilene Gordon, chairman, president and chief executive officer.  "The issues are primarily in Argentina where results have been negatively impacted by lower-than-expected growth, low-cost sugar, and government policies that have limited our ability to price-through higher corn, energy and labor costs.  In Brazil, the economy continues to be more stagnant than expected, particularly our sales to the brewing industry." However, we expect North America and Asia Pacific to show operating income growth See full press release