Ingredion Incorporated: Will The Surge in Demand Fueled by Regional Strength in Key Categories Last? 

In the Q1 2024 earnings of Ingredion Incorporated, the company exceeded its expectations against a strong comparison with last year’s record first quarter performance. Despite the impacts of extreme cold weather on shipments in the U.S. and the sale of its South Korea business, Ingredion reported net sales volumes improving sequentially. Although consolidated net sales and operating income were lower year-over-year, operating income for Q1 2024 was the second highest in the company’s history, continuing the upward trend from previous years. Over the last five years, Ingredion has delivered 5% net sales growth and an adjusted operating income compounded annual growth rate of 7%.