date:Aug 01, 2012
Net income at Ingredion in the second quarter ended June 30 totaled $109.1 million, equal to $1.42 per share on the common stock, up 38% from $79.3 million, or $1.03 per share, in the same period a year ago. The most recent quarterly results included a 16c per share benefit from the release of a Korean deferred tax valuation allowance, which partially was offset by 8c of restructuring and impairment charges and 1c of business integration costs.
Non-GAAP adjusted net income in the second quarter