Ingredion(US:INGR)2022-05-09 13:49Financial Performance - Q1 2022 - Net sales increased by 17% to $1.892 billion, driven by strong price/mix management[9, 24, 25] - Adjusted operating income increased by 6% to $213 million[9, 24] - Adjusted diluted EPS increased to $1.95 per share, a $0.10 increase[24] Regional Performance - Q1 2022 - North America net sales increased by 24% to $1.2 billion, driven by strong price mix[12] - South America net sales decreased by 8% to $0.2 billion, but increased by 23% excluding Arcor JV impact[12] - Asia-Pacific net sales increased by 16% to $0.3 billion, or 21% excluding foreign currency impacts[12, 22] - EMEA net sales increased by 20% to $0.2 billion, or 28% excluding foreign currency impacts[12, 22] Strategic Growth Initiatives - Global Specialties net sales grew by 20%[14] - Plant-based protein sales increased by over 250%[14, 16] - Texturizing net sales grew by 13%[14] - Sugar reduction net sales grew by 28%[14] Full Year 2022 Outlook - The company anticipates adjusted EPS between $6.85 and $7.45[36] - Net sales are expected to be up low double-digits[36] - Adjusted operating income is expected to be up low double-digits[36]