Record Q1: adj EPS $2.80 vs $1.95, margins up 280bps; FY guide raised to $8.70-9.40

Ingredion Inc

2023-Q1 EPS reported $2.85 revenue$2,137,000,000

Q1 reported EPS $2.85, adjusted EPS $2.80, vs $1.92 and $1.95 in Q1 2022.
Gross margin expanded 280 bps to 22.8% from 20.0% a year ago.
Full-year 2023 adjusted EPS forecast raised to $8.70-$9.40 from prior $7.70-$8.40.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ingredion Inc reported first quarter 2023 results: EPS reported and adjusted EPS * were $2.85 and $2.80, respectively, compared to first quarter 2022 reported and adjusted EPS. Guidance raised.

Period: first quarter 2023
EPS: reported and adjusted EPS * were $2.85 and $2.80, respectively, compared to first quarter 2022 reported and adjusted EPS
Guidance: raised
Result: preliminary results

Exact text from the filing

First quarter 2023 reported and adjusted EPS * were $2.85 and $2.80, respectively, compared to first quarter 2022 reported and adjusted EPS of $1.92 and $1.95

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Ingredion Inc filing history →

Source: SEC EDGAR

accession 0001046257-23-000011

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