INGR Latest Report

Performance Review

Ingr in its 2024 fiscal year ended December 31, 2024, reported total operating revenues of $1.8 billion, a 6.27% YoY decrease from $1.921 billion in the same period of 2023. This change reflects the company's challenges in revenue, possibly due to weak market demand or increased competition.

Key Financial Data

1. Operating revenues in 2024 were $1.8 billion, a 6.27% YoY decrease from $1.921 billion in 2023.

2. Sales costs in 2024 were $1.351 billion, lower than $1.521 billion in 2023.

3. Net sales in the first three quarters of 2024 were $5.63 billion, a 10% YoY decrease from $6.239 billion in 2023.

Industry Comparison

1. Overall industry analysis: Generally speaking, Ingr's industry faced significant market fluctuations in 2024, leading to a decline in industry-wide operating revenues. Factors such as increased competition, rising raw material prices, and reduced consumer spending may have contributed to the revenue decline. The growing awareness of the health risks associated with ultra-processed foods also led to a decrease in consumer demand for such products, affecting the overall industry's sales performance.

2. Peer comparison analysis: Compared to other companies in the same industry, Ingr's revenue decline was significant. In the same market environment, some competitors may have maintained revenue stability through optimized product portfolios or strengthened marketing strategies, highlighting Ingr's shortcomings in responding to market changes. The decline in sales in Ingr's Technology & Health Solutions segment also indicates increased challenges in the company's competition.

Summary

Ingr's operating revenue decline in 2024 was mainly affected by changes in the market environment, product line adjustments, and cost increases. Although sales costs decreased, it failed to effectively attract customers and maintain sales growth, indicating certain shortcomings in the company's response to market changes and competitive pressures.

Opportunities

1. Ingr can restructure its business operations and focus on health solutions to meet consumer demand for natural and healthy ingredients.

2. The company has the potential to enhance customer co-creation capabilities and innovation in consumer preferences through new product development and strengthened market positioning.

3. With the growing health consciousness of consumers, Ingr can seize the growth opportunity in the health food market by adjusting its product portfolio to attract more customers.

Risks

1. Intense competition may put pressure on the company's pricing and sales strategies, affecting overall revenue.

2. Changes in the policy environment may limit the use of certain ingredients, further affecting the company's market strategy.

3. The growing awareness of the health risks associated with ultra-processed foods may lead to a sustained decrease in demand for Ingr's products.