Ingredion Incorporated Reports Fourth Quarter and Full-Year 2020 Results
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Ingredion (INGR) Tops Q4 EPS by 29c, Revenues Beat
February 3, 2021 6:14 AM ESTIngredion (NYSE: INGR) reported Q4 EPS of $1.75, $0.29 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.57 billion.
Fourth quarter 2020 reported and adjusted EPS* were $1.70 and $1.75, respectively, compared with $1.61 and $1.54 in the fourth quarter 2019, respectivelyFull-year 2020 reported and adjusted EPS were $5.15 and $6.23, respectively, compared with $6.13 and $6.61 in the year-ago period, respectivelyThe Company anticipates full year 2021 net sales and operating income to be up modestly, driven by specialty ingredients growth, other volume recovery and Cost Smart savingsWe met the challenges of 2020... More
