July 27/Westchester, Ill. /Business Wire -- Corn Products International Inc. reported 2010 second-quarter net income of $37 million, or $0.48 per diluted share ("EPS"), compared to a net loss of $85 million, or $1.13 EPS, in the same period last year. The second-quarter 2010 results include an $18 million charge, or $0.23 EPS, from the impairment of the company's plant in Llay-Llay, Chile, and an after-tax charge of $3 million, or $0.04 EPS, related to the pending National Starch acquisition. The second-quarter 2009 results include after-tax impairment and restructuring charges of $110 million, with a negative EPS impact of $1.47.
Excluding National Starch acquisition costs and impairment and restructuring charges, second-quarter 2010 adjusted EPS was $0.75, a 121% improvement over the second-quarter 2009 adjusted EPS of $0.34. Diluted weighted average shares outstanding in the second quarter of 2010 were 76.6 million, up from 74.8 million in the same quarter last year.