GlobeNewswire·Nov 5, 2026, 6:03 AM ET

Ingredion Incorporated Reports Third Quarter 2026 Results

INGR

Ingredion reported third quarter 2026 net sales of $1.792 billion, a 1% decrease from the prior year, driven by the sale of its Pakistan business.
Texture & Healthful Solutions (T&HS) achieved its 10th consecutive quarter of net sales volume growth, supported by global clean label demand.
Reported and adjusted operating income for the third quarter decreased 19% year-over-year to $201 million and $206 million, respectively.
Reported diluted EPS was $2.23, while adjusted diluted EPS was $2.28, compared to $2.61 and $2.75 in the third quarter of 2025.
Full-year 2026 reported diluted EPS guidance was lowered to a range of $8.04 to $8.49, with adjusted diluted EPS guidance lowered to $9.25 to $9.70.
CEO Jim Zallie cited Argo's slower financial recovery, higher input costs, and softer consumer demand as primary reasons for missing expectations.
Food & Industrial Ingredients–U.S./CAN operating income fell 36% due to higher manufacturing expenses at the Argo facility.
Food & Industrial Ingredients–LATAM net sales rose 7%, though operating income declined 10% due to currency impacts from the Mexican peso and an earthquake in Colombia.
Total debt stood at $1.8 billion with $993 million in cash and short-term investments as of September 30, 2026.
The company paid $53 million in dividends during the quarter and repurchased $85 million of common stock year-to-date.
The company declared a quarterly dividend increase to $0.83 per share, marking the 12th consecutive year of dividend increases.
Integration planning for the pending acquisition of Tate & Lyle continues with a focus on building a foundation for growth in 2027.
Full-year 2026 net sales are expected to be flat, excluding the Pakistan business where sales are projected to be flat to up low single digits.
Capital expenditures for the full year 2026 are expected to range between $450 million and $490 million.