Record Operating Income
Ingredion achieved its highest Q2 operating income in company history at $273 million, marking a 1% increase from the previous year.
Texture & Healthful Solutions Segment Growth
This segment reported a 2% net sales increase and a significant 29% rise in operating income, with a 400 basis point margin expansion driven by increased utilization and improved cost absorption.
Gross Margin Expansion
Gross profit grew 7% with gross margin up 230 basis points to 26%, reflecting efficient cost management and operational excellence.
Sustainability and Recognition
Ingredion released its 15th sustainability report and was recognized by Forbes as a Net Zero leader, among the top 200 global organizations reducing greenhouse gas emissions.
Share Repurchase Commitment
Ingredion repurchased $55 million of its outstanding common shares and is committed to exceeding its $100 million share repurchase target for 2025.