Ingredion Incorporated (NYSE: INGR), a global leader in ingredient solutions for the food and beverage industry, reported robust financial results for the fourth quarter and full year of 2024.

For the full year, Ingredion reported reported and adjusted earnings per share (EPS) of $9.71 and $10.65, respectively, up from $9.60 and $9.42 in 2023. Cash from operations reached $1.436 billion, benefiting from favorable changes in working capital, including a reduction in corn costs. The company also returned $426 million to shareholders through dividends and share repurchases.

Ingredion’s president and CEO, Jim Zallie, highlighted the company’s record fourth-quarter results, driven by strong sales in Texture and Healthful Solutions and exceptional performance in its Food and Industrial Ingredients (F&II) segments in the U.S., Canada, and Latin America. The reorganization into a global Texture & Healthful Solutions segment facilitated growth in innovative volume, while significant investments were made to improve operational efficiency, including over $100 million in its Indianapolis facility.

Looking ahead, Ingredion forecasts a strong 2025 with expected EPS between $10.75 and $11.55. The company aims to leverage its market position and customer collaborations to drive further growth while continuing to invest in innovation and return capital to shareholders.

Ingredion’s total debt at the end of 2024 was $1.8 billion, with cash and short-term investments totaling $1.0 billion. Capital expenditures for the year were $295 million, reflecting the company’s ongoing commitment to operational excellence.

The company’s outlook for 2025 remains optimistic as it continues to focus on delivering strong results across its segments, navigating market challenges, and driving sustainable shareholder value.