INGREDION EXECUTIVES OUTLINE PATH FORWARD AND LONG-TERM OBJECTIVES FOR INVESTMENT ANALYSTS
(Thomson Reuters ONE) -
Continued Focus on Specialty Portfolio; Low Double-digit EPS Growth Expected
through 2022
BRIDGEWATER, N.J., November 14, 2017 - Today senior executives of Ingredion
Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to
diversified industries, will present a business overview to investment analysts.
As previously announced, the presentation will be webcast.
"Over the past eight years we have significantly outpaced the S&P 500 with 25
percent annual total shareholder return. Guided by our Strategic Blueprint for
Growth, we have transformed the business, expanding our portfolio and geographic
scope, growing organically and continuously improving our operations," says
Ilene Gordon, chairman, president and CEO.
Jim Zallie, executive vice president global specialties and president Americas,
and CEO elect, outlines Ingredion's path forward and objectives for 2022. "We
anticipate strong growth opportunities focused on texture, sweetness and
nutrition. And our robust technology capabilities and global innovation network
give us a competitive advantage. Our focus will continue to be on higher-value
specialty ingredients, with an objective to further grow revenue from these on-
trend ingredient solutions. By 2022, we expect the specialty ingredient
portfolio to generate 32 - 35 percent of net sales, up from an estimated 28
percent in 2017," he explains.
Reviewing the Company's earnings growth algorithm, CFO James Gray says, "We
expect that specialty ingredients will continue to grow at twice the rate of the
remaining ingredient portfolio in net sales and gross profit growth. Net-sales
growth for APAC, South America and EMEA is expected to exceed North America.
"Our strong balance sheet and consistent cash generation should give us the
flexibility to pursue a variety of options to enhance shareholder value, and
deliver low double-digit EPS growth over the long term."
Webcast
As previously announced, the presentation will be delivered at 9:00 a.m. Eastern
Standard Time (8:00 a.m. Central Standard Time). Ingredion will provide copies
of the slides and a live webcast of the presentation that can be accessed in the
"Investor Relations" section of www.ingredion.com, under the heading
"Presentations." Participants are encouraged to log onto the webcast link
approximately 10 minutes prior to the start of the presentation. A replay of
the presentation will also be available on the Company's website,
www.ingredion.com for a limited period of time.
ABOUT THE COMPANY
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions
provider. We turn grains, fruits, vegetables and other plant materials into
value-added ingredients and biomaterial solutions for the food, beverage, paper
and corrugating, brewing and other industries. Serving customers in over 100
countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet,
paper stronger and add fiber to nutrition bars. Visit www.ingredion.com to learn
more.
Forward-Looking Statements
This news release contains or may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company intends
these forward-looking statements to be covered by the safe harbor provisions for
such statements.
Forward-looking statements include, among other things, any statements regarding
the Company's prospects or future financial condition, earnings, revenues, tax
rates, capital expenditures, expenses or other financial items, any statements
concerning the Company's prospects or future operations, including management's
plans or strategies and objectives therefor and any assumptions, expectations or
beliefs underlying the foregoing.
These statements can sometimes be identified by the use of forward looking words
such as "may," "will," "should," "anticipate," "assume", "believe," "plan,"
"project," "estimate," "expect," "intend," "continue," "pro forma," "forecast,"
"outlook," "propels," "opportunity," "potential" or other similar expressions or
the negative thereof. All statements other than statements of historical facts
in this release or referred to in this release are "forward-looking statements."
These statements are based on current circumstances or expectations, but are
subject to certain inherent risks and uncertainties, many of which are difficult
to predict and are beyond our control. Although we believe our expectations
reflected in these forward-looking statements are based on reasonable
assumptions, stockholders are cautioned that no assurance can be given that our
expectations will prove correct.
Actual results and developments may differ materially from the expectations
expressed in or implied by these statements, based on various factors, including
the effects of global economic conditions, including, particularly, continuation
or worsening of the current economic, currency and political conditions in South
America and economic conditions in Europe, and their impact on our sales volumes
and pricing of our products, our ability to collect our receivables from
customers and our ability to raise funds at reasonable rates; fluctuations in
worldwide markets for corn and other commodities, and the associated risks of
hedging against such fluctuations; fluctuations in the markets and prices for
our co-products, particularly corn oil; fluctuations in aggregate industry
supply and market demand; the behavior of financial markets, including foreign
currency fluctuations and fluctuations in interest and exchange rates;
volatility and turmoil in the capital markets; the commercial and consumer
credit environment; general political, economic, business, market and weather
conditions in the various geographic regions and countries in which we buy our
raw materials or manufacture or sell our products; future financial performance
of major industries which we serve, including, without limitation, the food and
beverage, paper, corrugated, and brewing industries; energy costs and
availability, freight and shipping costs, and changes in regulatory controls
regarding quotas, tariffs, duties, taxes and income tax rates; particularly
United States tax reform; operating difficulties; availability of raw materials,
including potato starch, tapioca, gum arabic and the specific varieties of corn
upon which our products are based; our ability to develop new products and
services at a rate or of a quality sufficient to meet
expectations; energy issues in Pakistan; boiler reliability; our ability to
effectively integrate and operate acquired businesses; our ability to achieve
budgets and to realize expected synergies; our ability to complete planned
maintenance and investment projects successfully and on budget; labor disputes;
genetic and biotechnology issues; changing consumption preferences including
those relating to high fructose corn syrup; increased competitive and/or
customer pressure in the corn-refining industry; and the outbreak or
continuation of serious communicable disease or hostilities including acts of
terrorism. Factors relating to the acquisition of TIC Gums that could cause
actual results and developments to differ from expectations include: the
anticipated benefits of the acquisition, including synergies, may not be
realized; and the integration of TIC Gum's operations with those of Ingredion
which may be materially delayed or may be more costly or difficult than
expected.
Our forward-looking statements speak only as of the date on which they are made
and we do not undertake any obligation to update any forward-looking statement
to reflect events or circumstances after the date of the statement as a result
of new information or future events or developments. If we do update or correct
one or more of these statements, investors and others should not conclude that
we will make additional updates or corrections. For a further description of
these and other risks, see "Risk Factors" included in our Annual Report on Form
10-K for the year ended December 31, 2016 and subsequent reports on Forms 10-Q
and 8-K.
###
CONTACT:
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 568107
Anzahl Zeichen: 9680
contact information:
Town:
Westchester, Illinois
Kategorie:
Business News
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