date:Oct 31, 2013
Ingredion now expects 2013 e.p.s. in a range of $5 to $5.15 per share compared with prior guidance of $5.10 to $5.40 per share. In 2012 the company had adjusted e.p.s. of $5.57 per share and reported e.p.s. of $5.47 per share.
This was a disappointing quarter as many of the headwinds we faced in the second quarter persisted and in some cases accelerated, said Ilene Gordon, chairman, president and chief executive officer, when Ingredion gave financial results Oct. 30. These challenges included v