Supplier News & Innovations

Despite the earnings slide, CFO John Neppl noted that the altered quarterly cadence would not change the company’s full-year guidance

On May 6, Ingredion’s shares closed at US$138.44 on the New York Stock Exchange, marking an increase of US$4.81 per share, or 3.6%, from the previous day.

While traditional electric heating has been in use for decades, inductive heating provides greater energy efficiency and new possibilities for precise control.

In the same period last year, the company reported a net income of $20.4 million, which amounted to 92 cents per share of common stock.

This move is in response to recent actions taken by federal officials against synthetic dyes in food and beverages.