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Ingredion Inc Raises FY 2012 EPS Guidance-Conference Call


Thursday, 25 Oct 2012 12:00pm EDT 

Ingredion Inc raised both the reported and the adjusted earnings per share (EPS) 2012 guidance range. The Company expects fiscal 2012 reported range is $5.30 to $5.40, up from $4.87 to $5.12, or a $0.36 increase at the midpoint and adjusted range is now $5.47 to $5.57, compared to the previous range of $5.00 to $5.25. Two-thirds of the increase is a result of better business performance, and one-third from a lower tax rate. The integration restructuring costs have increased from $0.29 to $0.33, reflecting the decision to exit relatively small Chinese joint venture. 

Company Quote

78.15
-0.44 -0.56%
4:04pm EDT