Ben Theurer's questions to Ingredion Inc (INGR) leadership • Q1 2025
Question
An analyst on behalf of Ben Theurer from Barclays asked how a potential consumer trade-down would affect Ingredion's sales mix and margins. He also inquired if the company might exceed its $100 million share repurchase target for the year.
Answer
CEO Jim Zallie explained that consumer trade-downs have a limited impact on Ingredion's mix, as the company supplies ingredients to both branded and private label manufacturers. He highlighted that demand for higher-margin clean label solutions remains strong. CFO Jim Gray confirmed the company is currently comfortable with its $100 million share repurchase target but continuously evaluates it as part of its total shareholder return strategy.