NYSE$INGR

Ingredion Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ingredion reported a 10% increase in net sales, driven by strong double-digit growth in specialties, amidst ongoing macroeconomic and supply chain challenges.

Ingredion Incorporated reported a solid performance for Q4 2021, with a 10% increase in net sales driven by strong growth in specialties. The company navigated persistent macroeconomic and global supply chain challenges effectively, focusing on customer partnerships, strategic pricing, and cost savings.

  • Delivered 10% net sales growth led by strong double-digit specialties growth.
  • Experienced strong customer demand which heightened pressure on a constrained global supply chain.
  • Encountered incremental supply chain costs while investing in service delivery to meet customer commitments.
  • PureCircle is entering 2022 with strong momentum, having finished 2021 with positive operating margins.

Headline financials

Total Revenue

$1.76B

Previous: $1.59B+10.2%
EPS (adj)

$1.09

Previous: $1.75-37.7%
Capital Expenditures

$97M

Previous: $340M-71.5%
Free Cash Flow

$36M

Previous: -$73M+149.3%
Net Income

$67M

Previous: $115M-41.7%
Operating Income

$86M

Previous: $163M-47.2%
Gross Profit

$290M

Previous: $352M-17.6%
Cash & Equivalents

$328M

Previous: $665M-50.7%
Total Assets

$7B

Previous: $6.86B+2.1%

Revenue & EPS history

Ingredion · Revenue · Quarterly

$1.76B

Q4 2021+10.2%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ingredion · $289M total across 1 segment · Q4 2022

  • F&II LATAM
    $289M

Forward guidance

Ingredion anticipates strong net sales and operating profit growth in 2022. Pricing actions are expected to offset input cost inflation, and specialties are projected to continue strong growth. PureCircle is entering 2022 with strong momentum.

Tailwinds

  • Expects strong net sales and operating profit growth.
  • Teams worked with customers to plan for their demand and implemented pricing to reflect input cost inflation.
  • Within specialties, anticipates another strong year of growth.
  • PureCircle is entering 2022 with strong momentum, having finished 2021 with positive operating margins.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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