Ingredion(US:INGR)2023-11-07 14:17Financial Performance - Net sales for Q3 2023 increased by 1% to $2033 million compared to $2023 million in Q3 2022[27, 35] - Gross profit margin increased by 220 bps to 207% in Q3 2023 from 185% in Q3 2022[33, 35] - Reported diluted EPS increased to $236/share in Q3 2023 from $159/share in Q3 2022[35] - Adjusted diluted EPS increased by 15% to $233/share in Q3 2023 from $173/share in Q3 2022[35] - YTD net sales increased by 5% to $6239 million from $5959 million[52] - YTD gross profit margin increased by 240 bps to 216% from 192%[52] - YTD reported diluted EPS increased by $200/share to $763/share[52] - YTD adjusted diluted EPS increased by 24% to $745/share from $580/share[52] Regional Performance (Q3 2023) - North America net sales increased by 3%[37, 40] - South America net sales decreased by 8%[37, 40] - Asia-Pacific net sales decreased by 2%[37, 48] - EMEA net sales increased by 1%[37, 48] 2023 Full Year Outlook - Adjusted EPS is expected to be $905 to $945[58] - Cash from operations is expected to be $650 million to $750 million[58] - CAPEX is expected to be approximately $310 million[58] - Net sales are expected to be up mid-single-digits[65]