Ingredion (INGR) Misses Q2 EPS by 23c

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Ingredion Incorporated Reports Second Quarter 2020 Results

August 4, 2020 7:01 AM EDT

Second quarter 2020 reported and adjusted EPS* were $0.98 and $1.12, respectively, compared with $1.56 and $1.66 in the second quarter 2019, respectivelyYear-to-date 2020 reported and adjusted EPS were $2.08 and $2.72, respectively, compared with $3.04 and $3.19 in the year-ago period, respectivelyCompletion of PureCircle acquisition on July 1 expands the Companys on-trend and sustainable solutions in sugar reduction with stevia sweeteners and natural flavorsContinued strong progress on Cost Smart program enables Company to increase run-rate savings target by $20 million to $170 million by 2021

WESTCHESTER, Ill., Aug. 04, 2020 (GLOBE NEWSWIRE) --... More