WESTCHESTER, Ill., Aug 9 (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 2023. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for the second quarter of 2023 and 2022, include items that are excluded from the non-GAAP financial measures that the Company presents.
“Once again, our teams demonstrated an ability to adapt to shifting market dynamics while continuing to drive strong profit growth,” said Jim Zallie, Ingredion’s president and chief executive officer. “The team’s nimbleness to adjust our production to anticipated shifts in customer demand led to robust profit growth and greater cash from operations. Our performance this quarter further demonstrated the value of our diversified ingredients portfolio where North America’s strength in core ingredients and EMEA’s strength in specialties led to record second quarter net sales.”