Quarterly ResultMay 5, 2026, 06:06 AM
Ingredion Q1 Adj. EPS $2.34, Down 21%; Cuts FY26 EPS Outlook
AI Summary
Ingredion reported weaker-than-anticipated first quarter 2026 results, with adjusted EPS decreasing 21.2% to $2.34 and net sales down 1% to $1.792 billion. The company attributed the decline primarily to operational challenges at its Argo facility within the Food & Industrial Ingredients U.S./CAN segment, leading to a 63% drop in that segment's operating income. Consequently, Ingredion adjusted its full-year 2026 adjusted EPS guidance to a range of $10.45 to $11.15, while noting strong performance in its Texture & Healthful Solutions and Food & Industrial Ingredients LATAM segments.
Key Highlights
- Ingredion Q1 2026 adjusted EPS was $2.34, a 21.2% decrease from $2.97 in Q1 2025.
- Reported EPS for Q1 2026 was $2.22, down 26% from $3.00 in Q1 2025.
- Full-year 2026 adjusted EPS guidance was lowered to $10.45-$11.15.
- Q1 2026 net sales decreased 1% to $1.792 billion from $1.813 billion YoY.
- Q1 2026 adjusted operating income decreased 22% to $212 million.
- Food & Industrial Ingredients U.S./CAN operating income fell 63% to $34 million due to operational challenges at the Argo facility.
- Texture & Healthful Solutions operating income increased 1% to $100 million.
- The company paid $52 million in dividends and repurchased $14 million of common stock in Q1 2026.