WESTCHESTER, Ill., Aug 4 (Bernama-GLOBE NEWSWIRE) — Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for the second quarter of 2021. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2021 and 2020, include items that are excluded from the non-GAAP financial measures that the Company presents.
“We delivered exceptional second quarter performance, resulting in our strongest quarter since 2017, with reported operating income of $222 million, up 96% versus prior year, and adjusted operating income of $208 million, up 64% versus prior year. In every region, we saw double-digit volume growth from demand recovery across all customer segments, as well as strong specialties growth. Our strong sales execution and price mix management, in a challenging supply chain landscape, mitigated rising corn costs and contributed to our 31% increase in net sales,” said Jim Zallie, Ingredion’s president and chief executive officer.