Earnings summaries and quarterly performance for Ingredion.
Executive leadership at Ingredion.
James P. Zallie
Detailed
President and Chief Executive Officer
CEO
Eric Seip
Detailed
Senior Vice President, Global Operations, and Chief Supply Chain Officer
James Gray
Detailed
Executive Vice President and Chief Financial Officer
Robert Ritchie
Detailed
Senior Vice President, Food & Industrial Ingredients, US/Canada & Latin America
Tanya Jaeger de Foras
Detailed
Senior Vice President, Chief Legal Officer, Corporate Secretary and Chief Compliance Officer
Board of directors at Ingredion.
Catherine A. Suever
Detailed
Director
Charles V. Magro
Detailed
Director
David B. Fischer
Detailed
Director
Dwayne A. Wilson
Detailed
Director
Gregory B. Kenny
Detailed
Chair of the Board
Jorge A. Uribe
Detailed
Director
Patricia Verduin
Detailed
Director
Rhonda L. Jordan
Detailed
Director
Stephan B. Tanda
Detailed
Director
Victoria J. Reich
Detailed
Director
Research analysts who have asked questions during Ingredion earnings calls.
Heather Jones
Heather Jones Research
4 questions for INGR
Also covers: ADM, BG, DAR +5 more
Kristen Owen
Oppenheimer & Co. Inc.
4 questions for INGR
Also covers: , AGCO, AVNT +15 more
Benjamin Theurer
Barclays Corporate & Investment Bank
3 questions for INGR
Also covers: ADM, BG, BYND +15 more
Pooran Sharma
Stephens Inc.
3 questions for INGR
Also covers: ADM, ANDE, BG +9 more
Andrew Strelzik
BMO Capital Markets
2 questions for INGR
Also covers: ADM, BG, BLMN +17 more
Benjamin Mayhew
BMO Capital Markets
2 questions for INGR
Also covers: ANDE, VITL
Joshua Spector
UBS
2 questions for INGR
Also covers: ALB, AMBP, APD +37 more
Ben Theurer
Barclays
1 question for INGR
Also covers: ADM, CX, HRL +5 more
James Cannon
UBS Securities
1 question for INGR
Also covers: CE, EMN, ESI +3 more
Josh Spector
UBS Group
1 question for INGR
Also covers: ALB, AMBP, APD +27 more
Recent press releases and 8-K filings for INGR.
Ingredion Reports Q3 2025 Results with Sales Decline and Updated Full-Year Guidance
INGR
Earnings
Guidance Update
Demand Weakening
- Ingredion's net sales for Q3 2025 were $1.8 billion, a 3% decrease compared to the prior year, with adjusted operating income reported at $254 million.
- The company experienced operational challenges, including an estimated $12 million operating income impact in Q3 from production issues at its Argo plant, and a 6% net sales decrease in Food and Industrial Ingredients LATAM primarily due to softer brewing volumes and broader macroeconomic weakness.
- For the full year 2025, Ingredion updated its guidance, expecting net sales to be flat to down low single digits, adjusted operating income to be up low single digits to mid-single digits, and narrowed its adjusted EPS range to $11.10-$11.30.
- Ingredion repurchased $134 million of common shares year-to-date, exceeding its initial target, and increased its 2025 share repurchase target to $200 million, with a new board authorization for up to eight million shares over the next three years.
Nov 4, 2025, 2:00 PM
Ingredion Reports Q3 2025 Results and Updates Full-Year Outlook
INGR
Earnings
Guidance Update
Share Buyback
- For Q3 2025, net sales were $1.8 billion, a 3% decrease year-over-year, with gross profit down 5% and a gross margin of 25.1%. Adjusted operating income reached $254 million.
- The company narrowed its full-year adjusted EPS range to $11.1 to $11.3 and anticipates net sales to be flat to down low single digits. Cash from operations is projected to be between $800 million and $900 million for the full year.
- Q3 results were affected by a $12 million operating loss from production challenges at the Argo plant in the U.S. Can segment and a reduction in LatAm brewing volumes due to a strategic realignment and a resolved customer agreement rollover. The Texture and Healthful Solutions segment, however, saw net sales increase by 1% and operating income grow by 9%.
- Ingredion repurchased $134 million of common shares year-to-date, exceeding its initial target, and increased its 2025 share repurchase target to $200 million. A new share repurchase program of up to 8 million shares over three years was authorized. The quarterly dividend per share was also increased to $0.82.
Nov 4, 2025, 2:00 PM
Ingredion Announces Q3 2025 Results and Full-Year Outlook
INGR
Earnings
Guidance Update
Share Buyback
- Ingredion reported Q3 2025 net sales of $1,816 million and adjusted operating income of $254 million, both decreasing from Q3 2024. However, year-to-date adjusted operating income increased to $800 million.
- Adjusted diluted EPS for Q3 2025 was $2.75, a decrease from the prior year, but year-to-date adjusted diluted EPS rose to $8.60.
- For the full-year 2025, the company expects net sales to be flat to down low single-digits and adjusted operating income to be up low single-digits to mid-single-digits. Adjusted EPS is projected to be between $11.10 and $11.30.
- Operational challenges, including production issues at the Argo plant in Chicago and weak economic conditions in Mexico and Brazil, impacted segment performance.
- Ingredion is increasing its 2025 share repurchase target to $200 million and has authorized a new program for up to 8 million shares over the next three years.
Nov 4, 2025, 2:00 PM
Ingredion Reports Third Quarter 2025 Results and Updates Full-Year Guidance
INGR
Earnings
Guidance Update
Demand Weakening
- Ingredion reported Q3 2025 reported EPS of $2.61 and adjusted EPS of $2.75, which were lower than the $2.83 and $3.05, respectively, in Q3 2024.
- Third quarter reported operating income decreased 7% to $249 million and adjusted operating income decreased 10% to $254 million compared to the prior year. Net sales for the quarter also decreased 3% to $1,816 million.
- The Texture & Healthful Solutions segment delivered strong sales volume and operating income growth, while Food & Industrial Ingredients (F&II) segments were impacted by lower volume demand and operational challenges, with F&II—U.S./CAN operating income dipping 18%.
- The company adjusted its full-year 2025 guidance, now expecting reported EPS in the range of $11.11 to $11.31 and adjusted EPS in the range of $11.10 to $11.30. Full-year net sales are projected to be flat to down low single-digits.
- Ingredion returned capital to shareholders, paying $54 million in dividends in Q3 2025, including a quarterly dividend of $0.82 per share (an increase from $0.80), and repurchased $134 million in common stock year-to-date through September 30, 2025.
Nov 4, 2025, 11:11 AM
Ingredion Reports Third Quarter 2025 Results
INGR
Earnings
Guidance Update
Demand Weakening
- Ingredion reported Q3 2025 diluted earnings per share (EPS) of $2.61 and adjusted diluted EPS of $2.75, compared to $2.83 and $3.05 respectively in Q3 2024. Reported operating income for Q3 2025 was $249 million, a 7% decrease from the prior year, while adjusted operating income was $254 million, a 10% decrease.
- The Texture & Healthful Solutions segment delivered strong performance, with 4% sales volume growth and a 9% increase in operating income to $105 million in Q3 2025. This was partially offset by Food & Industrial Ingredients—U.S./Canada operating income dipping 18% and Food & Industrial Ingredients—LATAM operating income decreasing 11% due to operational challenges and softer demand.
- For the full-year 2025, Ingredion updated its outlook, expecting adjusted EPS in the range of $11.10 to $11.30 and net sales to be flat to down low single-digits. Both reported and adjusted operating income are projected to be up low single-digits to mid-single-digits.
- The company paid $54 million in dividends in Q3 2025 and declared a quarterly dividend of $0.82 per share. Year-to-date through September 30, 2025, Ingredion repurchased $134 million of common stock.
Nov 4, 2025, 11:03 AM
Ingredion Announces Conditional Sale of Rafhan Maize Stake
INGR
M&A
- Ingredion Incorporated has signed a conditional agreement to sell a 51% ownership interest in Rafhan Maize to Nishat Hotels and Properties Ltd..
- Ingredion will retain a 20% ownership interest in Rafhan Maize.
- The transaction is expected to close in the first half of 2026, subject to international financing arrangements and regulatory approvals.
Sep 29, 2025, 11:03 AM
Ingredion Updates Financial Targets and Strategic Initiatives at Investor Day 2025
INGR
Guidance Update
New Projects/Investments
M&A
- Ingredion has updated its long-term financial targets, anticipating low single-digit net sales growth and adjusted operating income growth in the 5% to 7% range for the next three years.
- The company is undergoing a business transformation, emphasizing portfolio optimization through divestitures, including its Korea sweetener and industrial starch business, and an announced intent to sell its majority stake in the Pakistan business.
- Strategic investments include over $300 million in assets over the past couple of years and a focused innovation agenda on texture, clean label and healthful solutions, and functional ingredients for sustainable packaging, supported by AI-driven predictive formulation capabilities.
- Ingredion is driving cost competitiveness, with its Cost Smart program exceeding its $50 million run rate savings target , and prioritizes capital allocation towards organic growth, consistent dividends, opportunistic share repurchases, and disciplined M&A targeting a 10% Return on Invested Capital (ROIC) by year three.
Sep 17, 2025, 1:00 PM
Ingredion Highlights Record 2024 Performance and Outlines 2025-2027 Growth Outlook
INGR
Earnings
Guidance Update
New Projects/Investments
- Ingredion achieved record financial results for 2024, with Adj. diluted EPS reaching $10.65 (+13% YoY), record cash from operations of $1.4B (+36% YoY), and a gross profit margin of 24.1% (+270bps YoY).
- Since 2024, the company has made significant progress on its business transformation journey, including a recast of segments and purposeful portfolio actions such as divesting South Korea and selling a majority stake in its Pakistan business.
- For the 2025-2027 period, Ingredion projects Net Sales growth of 4%-6% CAGR for its Texture & Healthful Solutions (T&HS) segment and 0%-1% CAGR for Food & Industrial Ingredients—U.S./CAN.
- The company reported robust Free Cash Flow of $1,135 million in 2024, with a 92% FCF Conversion, which supports growth, M&A, and shareholder returns.
Sep 17, 2025, 1:00 PM
Ingredion Enters New $1.0 Billion Revolving Credit Facility
INGR
Debt Issuance
- Ingredion Incorporated entered into a new five-year unsecured revolving credit facility for an aggregate principal amount of $1.0 billion on August 27, 2025, replacing a previous credit agreement.
- The facility matures on August 27, 2030, and as of its effective date, no loans have been drawn.
- Loans under the facility accrue interest at a rate based on the secured overnight financing rate (SOFR) or a base rate, with the applicable margin determined by the company's senior unsecured long-term debt ratings or Leverage Ratio.
- As of the effective date, the applicable margin for SOFR loans was 1.00% and for base rate loans 0.00%, with an unused commitment fee of 0.09% per annum.
- The agreement includes financial covenants requiring a maximum leverage ratio of 3.5 to 1.0 and a minimum ratio of consolidated EBITDA to consolidated net interest expense of 3.5 to 1.0.
Aug 28, 2025, 8:26 PM
Ingredion Inc Reports Q1 2025 Earnings Results & Raises Full-Year Outlook
INGR
Earnings
Guidance Update
Share Buyback
- EPS performance: Q1 reported EPS of $3.00 and adjusted EPS of $2.97 demonstrating robust earnings performance.
- Operating income growth: Operating income increased to $276 million (up 30%) with adjusted income rising 26%, including a 34% boost in the Texture and Healthful Solutions segment.
- Guidance update: Full-year outlook raised with adjusted EPS guidance of $10.90–$11.60 (reported EPS guidance $10.93–$11.63) and a share repurchase target of $100 million, reflecting cautious optimism amid macro uncertainties.
- Financial highlights: Net sales reached $1.8 billion (down 4% YoY) due to effective cost management and operational execution.
May 6, 2025, 1:01 PM
Quarterly earnings call transcripts for Ingredion.
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