Shares of Ingredion INGR remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share were up 83.04% over the past year to $2.05, which beat the estimate of $1.55.
Revenue of $1,762,000,000 higher by 30.62% from the same period last year, which beat the estimate of $1,700,000,000.
Looking Ahead
The upcoming fiscal year's EPS expected to be between $6.45 and $6.85.
Conference Call Details
Date: Aug 03, 2021
Time: 09:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/c8u2oboc
Price Action
52-week high: $98.05
52-week low: $68.71
Price action over last quarter: down 2.95%
Company Overview
Ingredion manufactures ingredients for the food, beverage, paper, and personal-care industries. Sweeteners (syrups, maltodextrins, dextrose, and polyols) account for about 35% of sales, starches (for food and industrial use) around 45%, and co-products the balance. Value-added, specialty ingredients account for nearly one third of sales, with the balance being commodity-grade ingredients. With the majority of sales outside the U.S., Ingredion is a global player with good exposure to developing markets, including Latin America and Asia-Pacific.
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