Ingredion Incorporated
115.71-1.91 (-1.62%)
Oct 29, 4:00:02 PM EDT · NYSE · INGR · USD
Key Stats
Market Cap
7.43BP/E (TTM)
11.30Basic EPS (TTM)
10.24Dividend Yield
0.03%Recent Filings
8-K
Ingredion divests Pakistan stake
Ingredion entered a conditional agreement on September 25, 2025, to sell a 51% stake in its Pakistan affiliate Rafhan Maize to Nishat Group affiliates, retaining a 20% interest. The deal hinges on Nishat securing international financing for Ingredion's U.S. dollar proceeds. Closing is targeted for the first half of 2026, pending regulatory approvals. This divestiture sharpens Ingredion's focus on core markets. Deal terms undisclosed.
8-K
Ingredion renews $1B credit line
Ingredion Incorporated secured a fresh $1.0 billion revolving credit facility on August 27, 2025, maturing in 2030, replacing its prior agreement set to expire in 2026. This unsecured line, led by JPMorgan, offers flexibility with up to $750 million in incremental commitments and supports subsidiary borrowing up to $500 million, while maintaining a leverage ratio cap of 3.5:1.0. Lenders can demand repayment on defaults like covenant breaches or change of control. No draws yet.
10-Q
Q2 FY2025 results
Ingredion's Q2 net sales dipped 2% y/y to $1,833M, yet gross profit climbed 7% to $477M with margins expanding to 26% from 24%, fueled by raw material costs falling faster than prices. Operating income rose 13% y/y to $271M, lifting diluted EPS to $2.99 from $2.22, while YTD figures show sales down 3% to $3,646M but operating income up 21% to $547M and EPS at $5.99 versus $5.46. Texture & Healthful Solutions drove gains with 29% higher adjusted operating income to $111M on volume lifts, though F&II segments faced volume softness and a mechanical fire in U.S./Canada. Cash stood at $861M with $1.8B total debt (3.9% weighted rate, maturities 2026-2050) and $3.7B liquidity; free cash flow ran $69M YTD (derived). In June, they inked a $19M Agrana joint venture for Romanian starch production. Competition in corn refining squeezes margins amid volatile inputs.
8-K
Ingredion Q2 Earnings Boost
Ingredion reported solid Q2 2025 results, with net sales at $1.833 billion, down 2% from last year, yet operating income climbed 13% to $271 million, fueled by Texture & Healthful Solutions' 29% surge to $111 million on clean label volume gains. Adjusted EPS held steady at $2.87, while a Chicago plant fire dented U.S./Canada performance. The company lifted full-year adjusted EPS guidance to $11.10-$11.60, eyeing mid-single-digit operating income growth. Solid quarter.
8-K
Annual meeting results affirm governance.
Ingredion Incorporated's stockholders, at the May 21, 2025 annual meeting, elected all 11 board nominees with strong majorities—over 90% for most—while approving executive compensation on an advisory basis by a 50.8 million to 2.7 million vote split. They also ratified KPMG LLP as auditors for the year ending December 31, 2025, with 54.6 million in favor against 3.0 million opposed. No surprises here. This signals solid investor backing for leadership and oversight.
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