Ingredion Reports 4Q Net Income of $111.6 Million, Up From $95.1 Million in 4Q 2011; And Full Year Net Income of $427.5 Million
Date Posted: February 7, 2013
Westchester, IL—Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, reported Feb. 7 results for the fourth quarter 2012.
"We delivered a strong fourth quarter and full year in spite of ongoing macroeconomic volatility," said Ilene Gordon, chairman, president and chief executive officer.
"Underlying this performance, we saw price increases to cover higher raw material costs and foreign exchange headwinds, volume improvement, and operating efficiencies.
"We continue to see the strength of our business model, even in challenging times.
"Our ability to manage risk while capitalizing on growth markets and trends provides us with an attractive position.
"Looking ahead, 2013 poses its own unique challenges; however, we believe that we are positioned to show further growth as we execute our strategic blueprint.
"We continue to demonstrate the ability to realize appropriate pricing to cover higher input cost while our growth opportunities in emerging markets and mix improvement strategy remain intact," Gordon added.
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