From GlobeNewswire:

Ingredion Incorporated (NYSE: INGR) released its Q4 and full-year 2023 performance report. Q4 net sales and adjusted operating income both grew 29% and 21%, while full-year adjusted EPS increased by 31% to $9.60. The company’s adjusted operating cash flow in 2023 also showed an increase of $152 million over 2022. Ingredion forecasts full-year 2024 adjusted EPS to range from $9.15 to $9.85 due to the impact of the sale of its South Korean business. The company is well-positioned for growth in 2024, with a focus on profitability, market value, and strong cash flow. The company’s net sales have seen a 3% decrease in Q4 and a 3% increase in full-year 2023. Operating income has increased by 29% in Q4 and 26% for the full year. The company predicts a 2024 effective tax rate to range from 24.0% to 26.0%, with an adjusted rate of 25.5% to 26.5%. Ingredion also announced that 2023 saw $194 million in dividends paid to shareholders and $101 million used for stock repurchases. Overall, the company reported an exceptional performance for the year, demonstrating strong revenue growth and profits for shareholders. For more information, visit ingredion.com. Ingredion will also host a conference call and webcast on February 6 to discuss its financial results. For further information, visit their website or view the replay of the webcast on their website.



Read more: Ingredion Incorporated 公布 2023 年第四季度和全年强劲业绩