Ingredion: Waiting On Volumes To Recover

Yagi Studio/DigitalVision via Getty Images Everyday Food Ingredients The Performance Improves After a strong margin performance in the first quarter of 2023, the company hiked the full-year earnings guidance in a convincing manner, while it cut the full year sales guidance to around 10%. Trading at 12 times adjusted earnings, while leverage was modest, valuations looked compelling. However, the unusual strong first quarter margin performance was welcomed, but it could open the door for setback as well, cert ...