Ingredion Expects Its Full-Year 2024 Adjusted EPS Of $9.15-$9.85; Est. $9.76
Portfolio Pulse from Benzinga Newsdesk
Ingredion forecasts its full-year 2024 adjusted EPS to be between $9.15 and $9.85, with an estimated average of $9.76. The outlook includes the impact of the divestiture of its South Korea business. Excluding this divestiture, net sales are expected to be flat to slightly up, while reported operating income could increase by low to mid-double digits, thanks to the expected gain from the divestiture. Adjusted operating income is anticipated to rise by mid-single digits.
February 06, 2024 | 11:10 am
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Ingredion projects a full-year 2024 adjusted EPS of $9.15-$9.85, reflecting the impact of its South Korea business divestiture. Sales are expected to be stable or slightly increase, with operating income projected to grow.
The positive outlook on adjusted EPS, despite the divestiture of its South Korea business, suggests a strong operational performance and efficient cost management. The expected increase in operating income, both reported and adjusted, indicates a robust financial health and operational efficiency, likely leading to a positive investor sentiment and potentially an increase in stock price in the short term.
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