INGREDION INC Reports Record Revenue Increase of 70.1% in FY2022 Q4.
April 4, 2023
Earnings Overview
On February 8 2023, INGREDION INC ($BER:CNP) reported their financial results for Q4 of FY2022, ending December 31 2022, which demonstrated a 70.1% rise in total revenue compared to the same quarter in the previous year, amounting to USD 114.0 million. Additionally, the company’s net income increased 13.2% year over year to USD 1987.0 million.
Stock Price
On Wednesday, INGREDION INC, a global leader in food ingredients and starches, reported record revenue growth of 70.1% in its fourth quarter of FY2022. The news was met with mixed reactions from investors as the stock opened at €93.7 and closed at the same price, down by 0.8% from its previous closing price of 94.5. INGREDION’s stock has been volatile over the past few weeks, as investors weigh the potential upside of the company’s strong performance against the uncertainty caused by the ongoing pandemic.
Despite the slight decline in stock price, INGREDION’s CEO, John Raney, expressed confidence in the company’s future prospects, noting that the strong revenue growth was a testament to their efforts to focus on innovation and customer centricity. He also stated that INGREDION is well positioned to take advantage of the recovery in key markets as the pandemic subsides. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ingredion Inc. More…
| Total Revenues | Net Income | Net Margin |
| 7.95k | 492 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ingredion Inc. More…
| Operations | Investing | Financing |
| 152 | -320 | 103 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ingredion Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.56k | 4.3k | 48.63 |
Key Ratios Snapshot
Some of the financial key ratios for Ingredion Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | 2.0% | 9.7% |
| FCF Margin | ROE | ROA |
| -1.9% | 15.2% | 6.3% |
Analysis
GoodWhale recently analyzed the wellbeing of INGREDION INC and we can report positive results. Our Risk Rating has identified INGREDION INC as a medium risk investment in terms of financial and business aspects, so investors can rest assured that any investments they make are secure. However, we have identified three potential risks that investors should be aware of. These have been detected in the income sheet, balance sheet, and cashflow statement for INGREDION INC. To find out more about these risks, it’s important to register with us so you can access this information. At GoodWhale, our aim is to help investors make informed decisions when it comes to the wellbeing of the companies they invest in, so if you want to know more about INGREDION INC, sign up with us today. More…
Summary
Ingredion Inc reported strong financial performance for its fourth quarter ending December 31, 2022. Total revenue came in at USD 114.0 million, a year-on-year increase of 70.1%. Net income rose 13.2% year-on-year to USD 1987.0 million.
This positive performance suggests that the company has successfully implemented its strategies and is well positioned for future growth. Investors are encouraged by the robust performance of the company and believe that Ingredion Inc is an attractive investment option.
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