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- Third quarter 2017 reported and adjusted EPS were $2.26 and $2.21, respectively, up from third quarter 2016 reported and adjusted EPS of $1.93 and $1.96, respectively
- Year-to-date 2017 reported and adjusted EPS were $5.72 and $5.98, respectively, up from $5.29 of reported EPS and $5.46 adjusted EPS in the year-ago period
- Company narrows 2017 adjusted EPS guidance range to $7.65-$7.80 from $7.50-$7.80 |
WESTCHESTER, Ill., Nov 1, 2017 - (ACN Newswire) - Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today reported results for the third quarter 2017. The results reported in accordance with U.S. generally accepted accounting principles ("GAAP") for 2017 and 2016 include items which are excluded from the non-GAAP financial measures which we present*.
"We continue to successfully leverage our business model and execute our strategic blueprint for growth. Good operating efficiency, the impact of acquisitions, and higher specialty volumes drove solid operating income and earnings per share growth," said Ilene Gordon, chairman, president and chief executive officer.
"With this year's strategic actions, which include deploying capital for growth, organizational restructuring in South America, enhancing our portfolio, and raising our dividend, we expect another solid year and anticipate 2017 adjusted EPS to be in the range of $7.65-$7.80," Gordon added.
Full release can be viewed at http://hugin.info/147221/R/2146290/822974.pdf
ABOUT THE COMPANY
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions provider. We turn grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. Serving customers in over 100 countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger and add fiber to nutrition bars. Visit www.ingredion.com to learn more.
CONTACT:
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire
Topic: Earnings
Source: Ingredion Incorporated
https://www.acnnewswire.com
From the Asia Corporate News Network
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