| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.8K | 1.2% |
| Total Income | 1.8K | 1.2% |
| Expenditure | 1.6K | 3.4% |
| PBT | 194.00 | 27.3% |
| Net Profit | 142.00 | 27.9% |
| OPM | 11.33% | 3.90pp |
| NPM | 7.92% | 2.94pp |
| EPS | 2.25 | 26.2% |
Ingredion Reports First Quarter 2026 Results
05 May 2026 · 5 May, 3:43 pm
Summary
Ingredion Incorporated reported its first quarter 2026 results, with reported and adjusted operating income decreasing by 26% and 22%, respectively, compared to the first quarter of 2025. Reported and adjusted EPS were $2.22 and $2.34, respectively, compared to $3.00 and $2.97 in the first quarter of 2025. Net sales decreased by 1%, driven by lower volume and less favorable mix in the Food & Industrial Ingredients–U.S./CAN business. The company is adjusting its full-year guidance for reported EPS to be in the range of $9.60 to $10.30 and adjusted EPS to be in the range of $10.45 to $11.15.
Key Highlights
- 1
Ingredion's first quarter 2026 reported and adjusted operating income decreased 26% and 22% compared to the first quarter 2025.
- 2
First quarter 2026 reported and adjusted EPS were $2.22 and $2.34, compared with $3.00 and $2.97 in the first quarter 2025.
- 3
Net sales for the first quarter decreased by 1%, primarily driven by lower volume and less favorable mix in the Food & Industrial Ingredients–U.S./CAN business.
- 4
Texture & Healthful Solutions delivered an eighth consecutive quarter of broad-based net sales volume growth.
- 5
Food & Industrial Ingredients–LATAM delivered as expected, reflecting disciplined execution across the region.
- 6
The company is adjusting full-year guidance for reported EPS to be in the range of $9.60 to $10.30 and adjusted EPS to be in the range of $10.45 to $11.15.
- 7
First quarter operating income for Food & Industrial Ingredients–U.S./CAN was $34 million, a $58 million decrease from a year ago.
Management Comments
Jim Zallie
“While we expected a challenging first quarter after last year’s strong first quarter, results were weaker than anticipated in Food & Industrial Ingredients–U.S./CAN due to operational challenges at our Argo facility,” said Jim Zallie, chairman, president and CEO of Ingredion. “At the same time, performance in our Texture & Healthful Solutions and Food & Industrial Ingredients–LATAM segments were in line with our expectations despite an increasingly uncertain macroeconomic environment.” “Excluding the impact of Argo, we are pleased with the performance and resilience of the other parts of our business, especially our Texture & Healthful Solutions segment which continues to find opportunities for growth. Our focus going forward remains on servicing our customers, delivering innovative solutions, and driving long-term value creation for our shareholders.”
Informational and educational content only. Not investment advice.