Stock Data
$1.64 (1.56%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
PACKAGED FOODS
Ingredion Inc is a global leader in producing ingredients for the food, beverage, paper, and pharmaceutical industries, among others. From its headquarters in Westchester, Illinois, the company transforms corn and other starch-based materials into a variety of products like sweeteners, starches, and biomaterial solutions. Its offerings include corn syrup, high fructose corn syrup, dextrose, and specialty starches used in everything from foods and drinks to textiles and biodegradable plastics. With a history dating back to 1906, Ingredion stands at the forefront of ingredient innovation, serving customers worldwide.
Ingredion beat on both lines even with the Argo plant fallout cutting U.S./Canada segment operating income by 33%, and management held full-year adjusted EPS guidance. Texture and Healthful Solutions logged another quarter of volume growth on clean-label demand. Next catalyst: closing the all-cash Tate and Lyle deal, now approved by its shareholders.
Ingredion reports before the open at 6:03 AM ET, and the $6.5 billion sweetener and starch maker lands the same week as Archer Daniels Midland. Its margin commentary is the cleanest early read on global starch and sweetener demand.
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