Grainnet

Westchester, IL—Corn Products International, Inc. (NYSE: CPO), a leading global provider of ingredient solutions to diversified industries, reported Feb. 9 significant increases in both reported and adjusted earnings per share.

Full Corn Products Report

“Corn Products delivered another very good quarter and closed out an outstanding year,” said Ilene Gordon, chairman, president and chief executive officer.

“Through challenging economic and weather conditions around the world, our businesses executed against plan, driving meaningful growth while investing for the future.

"At the same time, we continued the successful integration of the National Starch acquisition.

“As we look forward to 2012, we believe that we are well positioned to deliver further top and bottom line growth while building on our strong geographic positions and expanding our product portfolio of starch and sweetener ingredients,” Gordon added.

2012 Guidance

Reported EPS expectations for 2012 are in a range of $4.84 to $5.09. The guidance includes an anticipated $0.16 per share of acquisition integration and restructuring charges.

Excluding those charges, adjusted EPS for 2012 is expected to be in a range of $5.00 to $5.25, an increase of 7 percent to 12 percent compared to 2011 adjusted EPS. 2012 is expected to show stronger comparisons in the second half of the year due to the timing of raw material hedges and the relative strength of the comparable periods.

Net sales are expected to reach $7 billion in 2012. The effective tax rate for 2012 is estimated to be between 31 percent and 33 percent.

Capital expenditures in 2012 are anticipated to be between $275 million and $325 million and should support growth investments across the organization, particularly in North and South America and EMEA.

For more information, call 708-551-2592.

See Related Websites/Articles:

• Full Corn Products Report
• Corn Products International

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