earnings
confidence high
sentiment positive
materiality 0.70
Ingredion Q2 adjusted EPS $2.12 vs $2.05 YoY; net sales up 16%
Ingredion Inc
2022-Q2 EPS reported
$4.04
revenue$3,936,000,000
- Q2 2022 reported and adjusted EPS $2.12; Q2 2021 reported $2.62, adjusted $2.05.
- Net sales grew 16% YoY; specialty ingredients net sales double-digit growth across all regions.
- Sugar Reduction & Specialty Sweetener net sales up >20%; PureCircle stevia double-digit growth.
- Full-year 2022 adjusted EPS guidance $6.90-$7.45; strongest quarter since 2017.
- YTD 2022 reported EPS $4.04 vs $1.01 loss; adjusted $4.06 vs $3.90 YoY.