NYSE$INGR
Ingredion Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported a 17% net sales growth, driven by strong customer demand and double-digit specialty ingredients growth.
Ingredion Incorporated reported strong third-quarter results, with a 17% increase in net sales. The company's specialty ingredients growth platforms achieved double-digit increases in net sales. The company now expects full year 2021 adjusted EPS to be in the range of $6.65-$7.00 compared to adjusted EPS of $6.23 in 2020, and up from the previously provided full year outlook of $6.45-$6.85.
- Delivered 17% net sales growth due to well-managed sales execution and strong customer demand.
- Every region achieved double-digit sales growth by managing price mix and partnering with customers.
- Specialty ingredients growth platforms achieved double-digit increases in net sales, outpacing the rest of the portfolio.
- Completed the contribution of the Argentina business to the Arcor joint venture, reducing exposure to currency volatility and high fructose corn syrup.
Headline financials
Revenue & EPS history
Ingredion · Revenue · Quarterly
$1.76B
Revenue by segment
Ingredion · $289M total across 1 segment · Q4 2022
- F&II LATAM$289M—100.0%
Forward guidance
The Company now expects full year 2021 adjusted EPS to be in the range of $6.65-$7.00 compared to adjusted EPS of $6.23 in 2020, and up from the previously provided full year outlook of $6.45-$6.85. The Company expects full year adjusted operating income to be up high single-digits.
Tailwinds
- North America operating income is expected to be up low single-digits to mid-single-digits driven by higher volumes and lower operating expenses
- South America operating income, including the impact of the Arcor joint venture in Argentina, is expected to be up 20 to 25 percent driven by favorable price mix
- Asia-Pacific operating income is expected to be up high single-digits driven by higher volumes
- EMEA operating income is expected to be up high single-digits driven by higher volumes
- Corporate costs are expected to be up low single-digits driven by investments in global capabilities and centers of excellence
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 Q3 2021
+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