NYSE$INGR
Ingredion Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ingredion reported strong third-quarter results, with increased operating income and EPS, and raised its full-year outlook.
Ingredion Incorporated reported a strong third quarter in 2024, with reported and adjusted operating income increasing by 26% and 29%, respectively. Reported and adjusted EPS also saw increases of 20% and 31%, respectively. The company raised its guidance for full-year reported EPS to be in the range of $10.60 to $10.90 and adjusted EPS to be in the range of $10.35 to $10.65.
- Third quarter 2024 reported and adjusted operating income increased 26% and 29% compared to prior year.
- Third quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectively.
- Texture & Healthful Solutions exhibited robust sales volume growth, supporting double-digit operating income growth for the segment.
- Company is raising guidance for full-year reported EPS to be in the range of $10.60 to $10.90 and adjusted EPS to be in the range of $10.35 to $10.65.
Headline financials
Revenue & EPS history
Ingredion · Revenue · Quarterly
$1.87B
Revenue by segment
Ingredion · $289M total across 1 segment · Q4 2022
- F&II LATAM$289M—100.0%
Forward guidance
The Company expects full-year 2024 net sales to be down mid-single-digits, excluding the effects of the sale of our South Korea business completed on February 1, 2024. Reported operating income is expected to be flat and adjusted operating income is now expected to be up high single-digits, excluding the effects of the sale of our South Korea business. The Company expects its full-year 2024 reported EPS to be in the range of $10.60 to $10.90, which includes the impact of the gain on the sale of our South Korea business. The Company now anticipates adjusted EPS to be in the range of $10.35 to $10.65.
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 2024
+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% | — | — |
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