Ingredion ends year on a high note, plant proteins still sour

Plant-based operations drag down the ingredient maker's annual results.

Ingredion Inc. closed out its fiscal year on a high financial note, even as its plant-based protein operations continued to be a drag on results.

"Within our 2023 results, we're still absorbing a loss on plant based proteins," CFO James D. Gray said in a conference call with analysts. "That operating loss was just over $40 million. In addition, as the plant-based…