INGREDION INCORPORATED Reports 1.2% Increase in Total Revenue for Q2 FY2023

☀️Earnings Overview

INGREDION INCORPORATED ($NYSE:INGR) reported total revenue of USD 2069.0 million for the second quarter of FY2023 on August 8 2023, representing a 1.2% increase compared to the same period last year. Net income for the quarter was USD 163.0 million, demonstrating a 14.8% growth from the year before.

Analysis

GoodWhale provides a great tool to analyze INGREDION INCORPORATED‘s financials. According to the Star Chart, INGREDION INCORPORATION has a high health score of 8/10 with regard to its Cashflows and Debt, which is indicative of the company’s capability to sustain future operations in times of crisis. Furthermore, the company is classified as a ‘gorilla’, which implies that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. These features can make the company attractive for various types of investors. For instance, dividend investors may be interested in the company’s strong dividend, while growth investors may be attracted to its medium level of asset and growth. Likewise, profitability investors may be drawn to INGREDION INCORPORATION because of its robust profitability. Overall, INGREDION INCORPORATION appears to be an attractive option for many types of investors. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ingredion Incorporated. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ingredion Incorporated. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ingredion Incorporated. More…

Key Ratios Snapshot

Some of the financial key ratios for Ingredion Incorporated are shown below. More…

Peers

The competition between Ingredion Inc and its competitors, Procter & Gamble Co, Nestle SA, and Edita Food Industries S.A.E., is fierce as each company strives to be the leader in the global food and beverage industry. From product innovation and marketing to pricing and distribution, each company is looking for the edge that will give them the upper hand in the competitive landscape.

– Procter & Gamble Co ($NYSE:PG)

Procter & Gamble Co is a multinational consumer goods giant, headquartered in Cincinnati, Ohio. The company manufactures a wide range of household products, from laundry detergents to toothpaste. As of 2022, the company has a market capitalization of 362.18B and a Return on Equity of 25.38%. The company’s size and profitability are demonstrative of its success in the consumer goods industry. With a large market cap and high return on equity, Procter & Gamble Co has established itself as an industry leader.

– Nestle SA ($LTS:0QR4)

Nestle SA is one of the world’s largest food and beverage companies, serving consumers in over 190 countries. Its market cap of 305.36B as of 2022 is a testament to its success and industry leadership. The company’s return on equity (ROE) of 14.82% is also impressive, indicating that the company is efficiently utilizing the capital it has available to generate profit and create value for its shareholders. This impressive market cap and ROE are indicative of the strength of Nestle SA’s business model and its ability to remain competitive in an ever-changing industry.

– Edita Food Industries S.A.E ($LSE:66XD)

Edita Food Industries S.A.E. is a leading food manufacturing and distribution company based in Egypt. The company has a market capitalization of 371.8 million as of 2022 and has achieved a return on equity of 33.89%. This indicates that the company is financially healthy and is able to generate returns on its investments. Edita produces and markets a wide range of baked goods, snacks and confectionery products, including cakes, pastries, rusks and biscuits, in addition to providing products for specialty markets. It also provides ready-made meals, frozen fruits and vegetables, and frozen ready-meals for catering services. The company is well-positioned to benefit from the growing demand for convenience food products in Egypt and across the region.

Summary

Ingredion Incorporated reported total revenue of $2069.0 million in the second quarter of its FY2023, a 1.2% increase from the same period last year. Net income for the quarter was $163.0 million, a 14.8% growth year-over-year. Despite this positive financial performance, the stock price moved down the same day.

Investors may want to consider whether this reflects potential risks or a short-term correction in an otherwise positive trend. The company’s strong overall financial performance could be a good long-term investment option, but investors should do further research into the company’s operations and industry climate before making any decisions.