Ingredion Inc

Latest Results (15.11.2025):

Ingredion Inc's Q3 2025 financial results show a mixed performance with notable challenges and areas of strength. The company's reported operating income and EPS decreased compared to Q3 2024, reflecting lower volumes and pricing pressures in key segments, while its Texture & Healthful Solutions segment delivered growth in sales volume and operating income. Ingredion continues to adjust its strategy, updating its full-year EPS guidance and maintaining its commitment to shareholder returns through dividends and share repurchases.

Earnings & EPS

In Q3 2025, Ingredion Inc reported diluted EPS of $2.61 (reported) and $2.75 (adjusted), down from $2.83 and $3.05 respectively in Q3 2024. Similarly, both reported and adjusted operating income decreased by 7% and 10% compared to the prior year, reflecting the impact of production challenges and pricing pressures.

Segment Performance

The Texture & Healthful Solutions segment outperformed with a $105 million operating income, up by $9 million from Q3 2024, driven by a 4% sales volume growth and strong performance in clean label ingredients. In contrast, the Food & Industrial Ingredients segments faced headwinds, with the U.S./Canada segment experiencing an $18 million decline in operating income and the LATAM segment declining due to reduced demand and operational challenges.

Net Sales Trends

Overall, total net sales decreased by 3% to $1.816 billion, with declines in the F&II segments partially offset by growth in the Texture & Healthful Solutions segment. These mixed results underscore the challenges in the market, including lower raw material costs and subdued consumer demand in key regions.

Guidance & Capital Allocation

Ingredion Inc has updated its full-year 2025 guidance, expecting reported EPS in the range of $11.11 to $11.31 and adjusted EPS between $11.10 and $11.30. The company continues to invest in growth initiatives, including specialty solutions capacity, while also returning capital to shareholders through dividends—recently increased to $0.82 per share—and share repurchases.

Financial Position & Other Items

The company ended Q3 2025 with total debt of $1.8 billion and cash, including short-term investments, of $921 million. Net capital expenditures reached $298 million, and an increase in net financing costs was noted due to lower foreign exchange gains compared to the previous year.