Ingredion Incorporated provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects net sales to be down mid-single-digits.

For the period, the company expects its reported EPS to be in the range of $10.20 to $11.15, which includes the impact of the expected gain on the divestiture of its S. Korea business completed on February 1, 2024. Excluding the effects of the divestiture of its S. Korea business, the Company expects full-year 2024 net sales to be flat to up low single-digits reflecting greater volume demand partially offset by price mix. Reported operating income is expected to be up low to mid-double-digits including the expected gain on the divestiture.