Ingredion completes S.Korea sale; Q1 adj. EPS $2.08 (-26% YoY); raises FY 2024 guidance

Ingredion Inc

2024-Q1 EPS reported $3.23 revenue$1,882,000,000

Reported Q1 EPS of $3.23 (+13% YoY); adjusted EPS $2.08 (-26% YoY).
Completed sale of South Korea business as part of portfolio reshaping.
Full-year 2024 adjusted EPS guidance raised to $9.20-$9.85; reported EPS $10.35-$11.00.
Q2 2024 operating income expected up low to mid-single-digits YoY.

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 of 2024 results: EPS $3.23. Guidance raised.

Period: first quarter of 2024
EPS: $3.23
Guidance: raised
Result: reported results

Exact text from the filing

First quarter 2024 reported and adjusted EPS* were $3.23 and $2.08, an increase of 13% and decrease of 26%, respectively

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Source: SEC EDGAR

accession 0001046257-24-000012

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