Ingredion (INGR) shares are soaring 5.28% in Tuesday's trading session following the company's impressive first-quarter results and an improved full-year outlook. The global ingredient solutions provider reported a significant beat on earnings and raised its guidance for the fiscal year 2025.
For the first quarter ended March 31, Ingredion posted adjusted earnings per share of $2.97, substantially surpassing the analyst consensus estimate of $2.41. This represents a 42.79% increase from the $2.08 per share reported in the same period last year. While quarterly revenue slightly missed expectations at $1.81 billion compared to the estimated $1.84 billion, the company's profitability metrics showed remarkable improvement.
In light of the strong performance, Ingredion has raised its full-year 2025 adjusted EPS guidance to a range of $10.90 to $11.60, up from the previous forecast of $10.75 to $11.55. This optimistic outlook, coupled with a 30% increase in reported operating income, has boosted investor confidence. Additionally, the company disclosed that it has received three non-binding offers for its majority stake in Rafhan Maize Products Co. Ltd., its affiliate in Pakistan, signaling potential strategic moves to optimize its portfolio.
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