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Ingredion Inc (INGR) Q1 2021 Earnings Call Transcript

Ingredion Incorporated Reports First Quarter 2021 Results

Ingredion Incorporated Reports First Quarter 2021 Results First quarter 2021 reported and adjusted EPS were $(3.66) and $1.85, respectively, compared to first quarter 2020 reported and adjusted EPS of $1.11 and $1.59, respectively. Double-digit adjusted EPS growth reflects specialties ingredients momentum and strong execution across the Company s regions. Related to the Arcor joint venture announcement, reported results reflect a $360 million held for sale impairment charge, including $311 million of cumulative translation losses. The Company expects second quarter 2021 net sales and operating income to be up significantly due to volume recovery and specialties growth when compared to the second quarter of 2020. WESTCHESTER, Ill., May 04, 2021 (GLOBE NEWSWIRE) Ingredion Incorporated (http://www.ingredionincorporated.com/news-events.html) (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for t

Ingredion Incorporated: Amyris and Ingredion Partner to Manufacture and Market Sugar Reduction and Fermentation-Based Food Ingredients

(1) EMERYVILLE, Calif. and WESTCHESTER, Ill., May 03, 2021 (GLOBE NEWSWIRE) Amyris, Inc. (https://amyris.com/) (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it has signed an agreement with Ingredion Incorporated (https://ir.ingredionincorporated.com/news-releases/news-release-details/ingredion-completes-acquisition-purecircle) (NYSE: INGR), a leading global ingredient solutions provider to the food and beverage industry, for the exclusive licensing of Amyris s zero-calorie, nature-based, fermented Reb M sweetener. In addition, the agreement includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility that is currently under construction.

Investegate |Ingredion Incorporated Announcements | Ingredion Incorporated: Amyris and Ingredion Partner to Manufacture and Market Sugar Reduction and Fermentation-Based Food Ingredients

Amyris and Ingredion Partner to Manufacture and Market Sugar Reduction and Fermentation-Based Food Ingredients EMERYVILLE, Calif. and WESTCHESTER, Ill., May 03, 2021 (GLOBE NEWSWIRE) Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, today announced that it has signed an agreement with Ingredion Incorporated (NYSE: INGR), a leading global ingredient solutions provider to the food and beverage industry, for the exclusive licensing of Amyris’s zero-calorie, nature-based, fermented Reb M sweetener. In addition, the agreement includes an Ingredion minority ownership stake in the Amyris Brazilian manufacturing facility that is currently under construction.

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