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Ingredion Q4 profit climbs 13.3% YOY

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Ingredion Q4 profit climbs 13.3% YOY

4059483 said its normalized net income for the fourth quarter amounted to $1.31 per share, compared with the S&P Capital IQ consensus estimate of $1.38 per share.

EPS climbed 13.8% year over year from $1.15.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $95.9 million, an increase of 13.3% from $84.6 million in the year-earlier period.

The normalized profit margin increased to 7.4% from 6.2% in the year-earlier period.

Total revenue increased on an annual basis to $1.41 billion from $1.37 billion, and total operating expenses totaled $1.23 billion, compared with $1.22 billion in the year-earlier period.

Reported net income grew 69.7% on an annual basis to $104.1 million, or $1.42 per share, from $61.3 million, or 84 cents per share.

For the year, the company's normalized net income totaled $5.41 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.85.

EPS rose 23.0% from $4.40 in the prior year.

Normalized net income was $395.0 million, a gain of 19.9% from $329.5 million in the prior year.

Full-year total revenue totaled $5.62 billion, compared with $5.67 billion in the prior year, and total operating expenses declined on an annual basis to $4.91 billion from $5.07 billion.

he company said reported net income increased 13.3% year over year to $402.2 million, or $5.51 per share, in the full year, from $355.0 million, or $4.74 per share.Ingredion Inc.

4059483 said its normalized net income for the fourth quarter amounted to $1.31 per share, compared with the S&P Capital IQ consensus estimate of $1.38 per share.