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Ingredion Inc [INGR] reports $150 million quarterly net profit

Ingredion Inc [INGR] reports $150 million quarterly net profit

Company generates $1.9 billion in revenue

By USinMinutes
Published - Aug 08, 2024, 11:12 AM ET
Last Updated - Aug 16, 2024, 10:37 AM EDT

Ingredion Inc Ingredion Inc [INGR] has reported $150 million quarterly profit, an decrease of $68 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $1,878.0  $1,882.0  $8,160.0  $2,033.0 
Operating Profit $240.0  $213.0  $957.0  $213.0 
Net Income $150.0  $218.0  $651.0  $160.0 
Net Cash $104.0  $37.0  $165.0  $99.0 
Gross Margin $446.0  $417.0  $1,749.0  $421.0 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues297.33 191.28 268.66 20.71 
Profit as % of Assets3.30 4.74 8.24 2.12 
Profit as % of Stockholder Equity4.03 5.83 18.33 4.74 
Return on Equity4.03 5.83 18.33 4.74 
Return on Assets2.08 2.98 8.52 2.12 
Turnover Ratio41.28 40.91 103.28 0.27 
EBITA$240.0 $213.0 $957.0   

Balance Sheet

Total Assets $7,221.0  $7,319.0  $7,642.0  $7,549.0 
Total Liabilities $3,442.0  $3,494.0  $3,992.0  $4,082.0 

Cash Flow Statement

Operating Cash Flow $521.0  $209.0  $1,057.0  $647.0 
Investing Cash Flow $125.0  $181.0  -$329.0  -$242.0 
Financing Cash Flow -$526.0  -$347.0  -$569.0  -$301.0 
Read the full filing
 
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