Ingredion (INGR) Tops Q1 EPS by 23c, Revenues Beat

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Go back to Ingredion (INGR) Tops Q1 EPS by 23c, Revenues Beat

Ingredion Incorporated Reports First Quarter 2021 Results

May 4, 2021 6:00 AM EDT

First quarter 2021 reported and adjusted EPS* were $(3.66) and $1.85, respectively, compared to first quarter 2020 reported and adjusted EPS of $1.11 and $1.59, respectively. Double-digit adjusted EPS growth reflects specialties ingredients momentum and strong execution across the Companys regions.Related to the Arcor joint venture announcement, reported results reflect a $360 million held for sale impairment charge, including $311 million of cumulative translation losses.The Company expects second quarter 2021 net sales and operating income to be up significantly due to volume recovery and specialties growth when compared to the second quarter of 2020.

WESTCHESTER, Ill., May 04, 2021 (GLOBE... More