Ingredion Reports Fourth-Quarter Net Income of $95 Million
WESTCHESTER, Ill. (AP) - Ingredion Inc. (INGR) reported net income of $95 million in its fourth quarter, a 1.25% decrease from the same period last year. The Westchester, Illinois-based company had a net income of $1.43 per share. Adjusted earnings, excluding one-time gains and costs, were $2.63 per share.
Ingredion generated revenue of $1.8 billion during the quarter, a slight increase from the previous year. For the full year, the company reported a profit of $647 million, or $9.71 per share, on revenue of $7.43 billion.
Looking ahead, Ingredion expects full-year earnings in the range of $10.75 to $11.55 per share.