Wednesday, August 5, 2020

INGREDION INCORPORATED REPORTS SECOND QUARTER 2020 RESULTS

· Second quarter 2020 reported and adjusted EPS* were $0.98 and $1.12, respectively, compared with $1.56 and $1.66 in the second quarter 2019, respectively
· Year-to-date 2020 reported and adjusted EPS were $2.08 and $2.72, respectively, compared with $3.04 and $3.19 in the year-ago period, respectively
· Completion of PureCircle acquisition on July 1 expands the Company’s on-trend and sustainable solutions in sugar reduction with stevia sweeteners and natural flavors
· Continued strong progress on Cost Smart program enables Company to increase run-rate savings target by $20 million to $170 million by 2021

WESTCHESTER, Ill., Aug 5 (Bernama-GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, today reported results for the second quarter 2020. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2020 and 2019, include items that are excluded from the non-GAAP financial measures that the Company presents.

INGREDION INCORPORATED REPORTS SECOND QUARTER 2020 RESULTS

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