Ingredion third-quarter sales decline 1% to $1.792 billion

Ingredion (NYSE:INGR) reported third-quarter 2026 net sales of $1.792 billion, down 1% year over year, as reported diluted EPS declined to $2.23 from $2.61.

Sales declined primarily because of the sale of a majority stake in its Pakistan business, although revenue increased 2% excluding that business; adjusted diluted EPS also fell to $2.28 from $2.75.

Reported operating income declined 19% to $201 million, while adjusted operating income also fell 19% to $206 million; Texture & Healthful Solutions recorded its tenth consecutive quarter of sales volume growth, although its operating income declined 10% to $95 million.

Ingredion lowered its 2026 reported diluted EPS forecast to $8.04–$8.49 and adjusted diluted EPS forecast to $9.25–$9.70, while increasing its quarterly dividend to $0.83 per share, paid October 20.

Following the November 5 announcement, its shares traded at approximately $90, down 7.56%.

Ingredion manufactures ingredient solutions from grains, fruits, vegetables and other plant-based materials for food, beverage, brewing, animal nutrition and industrial customers in more than 120 countries.