INGR Earnings Prediction
The chart below shows how INGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INGR sees a -4.47% change in stock price 10 days leading up to the earnings, and a +0.12% change 10 days following the report. On the earnings day itself, the stock moves by +3.97%. This data can give you a slight idea of what to expect for the next quarter's release.
INGR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.80B
-6.30%
-3.74%
Gross Margin
24.94%
19.79%
-2.62%
Operating Margin
13.94%
31.88%
-6.88%
Net Margin
5.39%
-22.11%
-46.69%
EPS
1.43
-27.04%
-49.47%
No Data Available
INGR Earnings Analysis
Ingredion Inc Corporation (INGR.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Ingredion reported an EPS of $2.63 for Q4 2024, exceeding expectations of $2.54, reflecting strong financial performance.
Record Gross Profit Margin: Gross profit dollars for the full year reached a record $1.8 billion, with a corresponding margin of 24%, up 270 basis points compared to 2023.
Q4 Operating Income Increase: Adjusted operating income for Q4 increased by 22% year-over-year to $248 million, driven by lower raw material costs and greater sales volume.
Operational Cash Generation: Cash generated from operations for 2024 was $1.4 billion, benefiting from consistent net income growth and a significant contribution from working capital changes.
Share Repurchase Success: Over $200 million of outstanding common shares were repurchased in 2024, more than doubling the initial goal for share repurchases set at the beginning of the year.
Negative
Q4 2024 Net Sales Decline: Net sales for Q4 2024 were $1.8 billion, down 6% compared to the prior year, primarily due to a $92 million decline in price/mix and a $33 million negative impact from foreign exchange.
Net Sales Decline: For the full year 2024, net sales were approximately $7.4 billion, down 9% versus the prior year, largely attributed to lower corn costs and a $283 million impact from exiting the South Korea market.
Sales and Income Decline: Texture & Healthful Solutions segment reported a 4% decline in net sales for the full year, with operating income down 11% compared to the prior year, indicating ongoing challenges despite some recovery.
Sales Decline in LATAM: Food & Industrial Ingredients LATAM experienced a 7% decrease in net sales for the full year, reflecting continued pressure from lower corn costs and market demand.
Sales Decline Impact: Food & Industrial U.S./Canada segment saw net sales decline by 8% for the full year, despite an increase in operating income, highlighting the impact of lower price/mix on overall revenue.
INGR FAQs
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INGR Earning Call Sentiment
Ingredion Incorporated (NYSE:INGR) Q4 2024 Earnings Call Transcript
INGR.N
0.51%Positive
The earnings call highlights strong financial performance, including a 29% increase in operating income and significant share repurchases, indicating confidence in the business. Although net sales declined, gross profit and margins improved, and optimistic guidance for 2024 suggests growth. The Q&A section reveals manageable risks and confidence in volume growth, with no significant negative trends highlighted. The share repurchase program and improved margins are positive catalysts. Despite market demand risks, the overall sentiment is positive, likely resulting in a stock price increase of 2% to 8% over the next two weeks.
