date:Aug 06, 2018
Poor performance in North America contributed to weaker earnings at Ingredion, Inc. in the second quarter of fiscal 2018, prompting the companys top executive to vow aggressive actions moving forward.
Net income in the second quarter ended June 30 totaled $114 million, equal to $1.59 per share on the common stock, down 12% from $130 million, or $1.81 per share, in the same period a year ago. Net sales increased 3%, climbing to $1,496 million from $1,457 million.
In the six months ended June 30