Ingredion Inc (N:INGR)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5 Westbrook Corporate Ctr WESTCHESTER IL 60154-5749 |
| Tel: | N/A |
| Website: | https://www.ingredion.com |
| IR: | See website |
| Key People | ||
| James P. Zallie President, Chief Executive Officer, Director | Davida M. Gable Vice President, Corporate Controller | James D. Gray Chief Financial Officer, Executive Vice President |
| Nancy Wolfe Chief Human Resource Officer, Senior Vice President | Tanya Jaeger De Foras Senior Vice President, Chief legal Officer, Chief Compliance Officer, Corporate Secretary | Valdirene Bastos-Licht Senior Vice President and President, APAC and Global Head of Pharma, Home and Beauty |
| Larry Fernandes Senior Vice President, Chief Commercial and Sustainability Officer | Pierre Perez y Landazuri Senior Vice President, Corporate Strategy, Specialties and President EMEA | Rob Ritchie Senior Vice President - Food and Industrial Ingredients, Americas | Eric Seip Senior Vice President, Global Operations, Chief Supply Chain Officer |
| Business Overview |
| Ingredion Incorporated is a global ingredients solutions provider that transforms grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. It develops, produces, and sells a variety of food and beverage ingredients, primarily starches and sweeteners, for various industries. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA). Its products are derived primarily from the processing of corn and other starch-based materials, such as tapioca, potato, and rice. Its product lines include starches and sweeteners, animal feed products and edible corn oil. The starch-based products include both food-grade and industrial starches, as well as biomaterials. The sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, maltodextrins, and glucose and syrup solids. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ingredion Inc revenues increased 3% to $8.16B. Net income increased 31% to $643M. Revenues reflect North America segment increase of 5% to $5.19B, EMEA segment increase of 5% to $821M. Net income benefited from North America segment income increase of 27% to $718M, EMEA segment income increase of 42% to $156M, Asia/Pacific segment income increase of 35% to $126M. |
| Employees: | 11,600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,211M as of Dec 31, 2023 |
| Annual revenue (TTM): | $8,160M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,187M as of Dec 31, 2023 |
| Net annual income (TTM): | $643.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $547.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,779M as of Dec 31, 2023 |
| Shares outstanding: | 65,604,835 as of Mar 18, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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