NYSE$INGR
Ingredion Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Ingredion reported solid demand and growth in its specialties portfolio amidst macroeconomic disruptions, while streamlining the organization as part of the Cost Smart savings program.
Ingredion reported solid operational and financial results for the first quarter, experiencing solid demand for its products and continued growth in its specialties portfolio. The company is on track to achieve its 2020 savings target through the Cost Smart savings program. However, the pandemic has significantly impacted food service traffic, leading to expected reduced volumes for ingredients formulated into food service meals and beverages.
- Operations are considered 'essential' to maintaining the food supply.
- Experienced solid demand for products and continued to grow the specialties portfolio.
- Streamlined organization to maximize operational efficiencies as part of the Cost Smart savings program.
- Announced the pending acquisition of PureCircle to expand capabilities in sugar reduction.
Headline financials
Revenue & EPS history
Ingredion · Revenue · Quarterly
$1.54B
Revenue by segment
Ingredion · $289M total across 1 segment · Q4 2022
- F&II LATAM$289M—100.0%
Forward guidance
Due to the uncertainty of the effects of COVID-19, the Company has determined that its previous guidance for full year 2020 EPS, cash flow from operations and net sales outlook is no longer applicable.
Tailwinds
- Higher volumes in more traditional channels as consumers stocked their pantries.
- Expect these channels to continue to perform well.
- Anticipate strong specialty sales in Europe.
- Seeing relatively strong demand recovery in Asia-Pacific as restrictions are being lifted.
- Cost Smart savings program is on track to achieve 2020 savings target
Headwinds
- Significant uncertainty exists in the food service sector.
- Anticipate significant negative impacts to the food service, brewery and confectionary sectors in South America.
- Expect reduced demand in food service volumes in North America.
- Expect depressed brewery volumes in Mexico due to government imposed COVID-19 mandates.
- Anticipate weaker volumes in Pakistan.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.2%
Avg return
30 days after
60%
41 / 68 earnings
Positive
+12.6%
Q4 2015
Best reaction
-11.4%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | +0.7% | -6.8% | |
| Q4 2025 | +2.9% | +2.4% | -3.8% | |
| Q3 2025 | -5.7% | -4.9% | -5.2% | |
| Q1 2025 | +3.5% | +2.6% | +2.3% | |
| Q4 2024 | -5.6% | -5.1% | -2.7% | |
| Q3 2024 | +12.3% | +13.1% | +10.3% | |
| Q2 2024 | +5.3% | +8.5% | +12.4% | |
| Q1 2024 | +2.9% | +4.1% | -0.5% | |
| Q4 2023 | +0.1% | -2.2% | +5.2% | |
| Q3 2023 | +4.6% | +7.1% | +11.0% | |
| Q2 2023 | -7.8% | -9.9% | -9.2% | |
| Q1 2023 | +2.7% | +2.6% | +1.7% | |
| Q4 2022 | -2.8% | -1.6% | -4.8% | |
| Q3 2022 | +6.3% | +6.1% | +14.6% | |
| Q2 2022 | +2.5% | +3.0% | -6.3% | |
| Q1 2022 | -1.3% | -3.3% | +4.1% | |
| Q4 2021 | -11.4% | -10.3% | -11.4% | |
| Q3 2021 | +0.3% | +2.7% | -1.6% | |
| Q2 2021 | -4.5% | -3.4% | -1.1% | |
| Q1 2021 | -2.8% | +0.5% | +2.2% | |
| Q4 2020 | +11.7% | +14.1% | +22.0% | |
| Q3 2020 | +1.7% | -2.3% | +10.5% | |
| Q2 2020 | -10.3% | -9.0% | -8.7% | |
| Q1 2020 | +1.6% | +6.7% | +11.2% | |
| Q4 2019 | +7.4% | +6.9% | -23.6% | |
| Q3 2019 | +3.8% | +5.7% | +5.1% | |
| Q2 2019 | +1.6% | -0.5% | -0.0% | |
| Q1 2019 | -5.9% | -7.3% | -17.4% | |
| Q4 2018 | -4.6% | -5.6% | -6.0% | |
| Q3 2018 | +2.3% | +4.3% | +3.2% | |
| Q2 2018 | +2.5% | +6.1% | +5.0% | |
| Q1 2018 | -4.4% | -6.3% | -6.3% | |
| Q4 2017 | -5.8% | -9.3% | -8.7% | |
| Q3 2017 | +3.1% | +3.4% | +11.5% | |
| Q2 2017 | -0.3% | -1.1% | +0.4% | |
| Q1 2017 | -2.0% | -2.8% | -6.7% | |
| Q4 2016 | -7.5% | -6.0% | -3.8% | |
| Q3 2016 | -1.6% | -0.2% | -9.7% | |
| Q2 2016 | +1.2% | +1.6% | +3.2% | |
| Q1 2016 | +7.4% | — | — | |
| Q4 2015 | +12.6% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | +6.7% | — | — | |
| Q1 2015 | +4.7% | — | — | |
| Q4 2014 | -4.5% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +5.1% | — | — | |
| Q3 2013 | -5.9% | — | — | |
| Q2 2013 | +9.9% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +10.7% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q1 2012 | -1.3% | — | — | |
| Q4 2008 | -1.3% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q2 2011 | -6.8% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q1 2011 | +2.8% | — | — | |
| Q3 2010 | +4.3% | — | — | |
| Q3 2009 | +4.3% | — | — | |
| Q2 2009 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro