How did Ingredion's revenue and expenses trend in Q4 2024?

**Ingredion's revenue for Q4 2024 was $1.8 billion.** This indicates a decrease from the previous year's revenue of $2.033 billion for the same quarter. The decline in revenue can be attributed to lower raw material costs and the sale of the South Korea business.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|INGR|INGR.N|Ingredion|2024 Q1|-11.932615816565278|1.882E9|169|
|INGR|INGR.N|Ingredion|2024 Q2|-9.231512808119865|1.878E9|169|
|INGR|INGR.N|Ingredion|2024 Q3|-8.017707820954255|1.87E9|169|
|INGR|INGR.N|Ingredion|2024 Q4|-6.298802706923477|1.8E9|169|

Unfortunately, the data for Ingredion's expenses in Q4 2024 is not available. However, the company's 10-Q filing for Q3 2024 provides insights into its expense trends. The cost of sales for Q3 2024 was $1,391 million, representing 74% of sales. This represents a decrease from the previous year's cost of sales ratio of 79% for the same quarter. The decrease in cost ratio was due to lower raw material and input costs. The company reported an operating income of $268 million for Q3 2024, compared to $213 million in the previous year, with the increase attributed to reduced input costs.