AcquisitionsAug 6, 2026, 10:50 AM
Ingredion's Tate & Lyle Acquisition Approved; Q2 Adj. EPS $2.82
AI Summary
Ingredion announced that Tate & Lyle shareholders approved its all-cash offer of 595 pence per share, marking a significant step towards completing the acquisition. The company reported Q2 2026 adjusted diluted EPS of $2.82, a slight decrease from $2.87 in Q2 2025, while reported EPS fell to $1.78 from $2.99. Net sales increased by 1% to $1.85 billion. Ingredion also confirmed its revised full-year 2026 adjusted EPS guidance of $10.30 to $10.90, incorporating the divestment of its majority stake in Pakistan operations.
Key Highlights
- Tate & Lyle shareholders approved Ingredion's all-cash acquisition offer of 595 pence per share.
- Q2 2026 Adjusted Diluted EPS was $2.82, down from $2.87 in Q2 2025.
- Q2 2026 Reported Diluted EPS was $1.78, a significant decrease from $2.99 in Q2 2025.
- Net sales for Q2 2026 increased by 1% to $1.85 billion.
- Adjusted operating income for Q2 2026 was $258 million, a 5% decrease year-over-year.
- Full-year 2026 Adjusted EPS guidance confirmed at $10.30 to $10.90.
- Finalized the sale of a majority stake in Pakistan operations.
- Declared a quarterly dividend of $0.82 per share.
Price Impact
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