Quarterly ResultAug 4, 2026, 06:07 AM
Ingredion's Tate & Lyle Acquisition Accepted; Q2 EPS $1.78
AI Summary
Ingredion reported its second quarter 2026 results, with reported EPS at $1.78 and adjusted EPS at $2.82, both lower than the prior year. Net sales increased 1% to $1.85 billion. The company announced that Tate & Lyle's shareholders accepted its all-cash offer for acquisition and confirmed the completion of the sale of its Pakistan business. Ingredion reaffirmed its full-year 2026 guidance, expecting adjusted EPS in the range of $10.30 to $10.90, reflecting the impact of the Pakistan business sale and ongoing operational improvements.
Key Highlights
- Ingredion's 595 pence all-cash offer to acquire Tate & Lyle was accepted by shareholders on July 28.
- Completed the sale of a majority stake in the Pakistan business.
- Second quarter 2026 reported EPS was $1.78, down from $2.99 in Q2 2025.
- Second quarter 2026 adjusted EPS was $2.82, down from $2.87 in Q2 2025.
- Second quarter 2026 net sales increased 1% to $1.85 billion.
- Texture & Healthful Solutions operating income increased 5% to $117 million.
- Reaffirmed full-year 2026 adjusted EPS guidance range of $10.30 to $10.90.
- Paid $52 million in dividends and repurchased $14 million of common stock year-to-date.
Price Impact
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