Ingredion Q4 Profit Down, Results Miss Estimates
date:Feb 08, 2014
ve for the first time this year. These positives were offset by continuing cost pressures and foreign exchange headwinds in South America, particularly Argentina, as well as volume softness in North America that led to unfavorable fixed cost absorption.

At the same time, we repurchased 2.5 million shares, bringing our total buyback in 2013 to 3.4 million shares. We also raised our dividend by more than 60 percent in 2013. We plan to continue to appropriately return capital to shareholders wh
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