date:May 03, 2013
Operating income of the North America business of Ingredion Inc. in the three months ended March 31 was $107.7 million, up 8% from $100 million in the first quarter of 2012. Sales were $909.8 million, up 2% from the same period last year.
While the year-to-year sales change for the division was modest, the profile of sales in the 2013 quarter was radically different than the year before. Breaking down the sales gain by component, Ingredion said foreign exchange had a negative impact of $1 milli