UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-13397 INGREDION INCORPORATED (Exact name of registrant as specified in its charter) Delaware 22-3514823 (State or other jurisdictio ...

Ingredion (INGR) has been beaten down lately with too much selling pressure. While the stock has lost 7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price mo ...

Core Viewpoint - Ingredion (INGR) has experienced a downtrend with a 7.4% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2]. - INGR's current RSI reading is 29.13, indicating that the heavy selling pressure may be exhausting itself, which could lead to a trend reversal [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for INGR, with a 0.5% rise in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions is generally associated with price appreciation in the near term [7]. Group 3: Analyst Ratings - INGR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8].

Core Insights - Major U.S. stock indices experienced a decline of nearly 1% on August 5, 2025, due to weaker-than-expected services data and ongoing tariff uncertainties, particularly with Trump threatening tariffs as high as 250% on pharmaceuticals [1][10] - Despite market volatility, low-leverage stocks are highlighted as safer investment options during economic uncertainty, with specific companies recommended for their strong earnings growth and low debt levels [2][10] Market Overview - The U.S. stock market is currently facing challenges due to tariff-related uncertainties and weaker economic data, leading to a lack of confidence among investors [2][10] - The recent wave of corporate earnings that exceeded estimates has been overshadowed by tariff concerns, impacting overall market optimism [1] Investment Strategy - Investors are advised to consider low-leverage stocks as a protective measure against potential economic downturns, with a focus on companies that exhibit solid earnings growth and lower debt-to-equity ratios [6][9] - The debt-to-equity ratio is emphasized as a critical metric for assessing financial risk, with lower ratios indicating better solvency [7][9] Recommended Low-Leverage Stocks - **NatWest Group (NWG)**: Collaborating with Google Cloud to enhance growth, with a projected 20.1% sales improvement for 2025 and a long-term earnings growth rate of 10.9% [15][16] - **Zions Bancorporation (ZION)**: Reported a 9% year-over-year increase in net interest income, with a 5% expected earnings growth for 2025 [17][18] - **Luxfer Holdings (LXFR)**: Achieved a 5.8% increase in adjusted net sales and a 25% rise in adjusted earnings per share, with a long-term earnings growth rate of 8% [19][20] - **Kingstone Companies (KINS)**: Declared a quarterly cash dividend, indicating strong financial health, with a projected 37.9% improvement in both sales and earnings for 2025 [21][22] - **Ingredion Inc. (INGR)**: Reported a 1% increase in adjusted operating income, with a long-term earnings growth rate of 11% and a 1% sales improvement expected for 2025 [23][24]

Core Viewpoint - Ingredion (INGR) has experienced significant selling pressure, declining 7.6% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory, with analysts expecting better earnings than previously predicted [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, with a reading below 30 indicating that a stock is considered oversold [2] - INGR's RSI reading is currently at 24.93, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that earnings estimates for INGR have increased by 0.5% over the last 30 days, indicating a potential for price appreciation in the near term [7] - INGR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the stock's potential turnaround [8]

Ingredion (INGR) has been beaten down lately with too much selling pressure. While the stock has lost 8% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price mo ...

2025 年第二季度，报告及调整后*营业利润分别同比增长 13% 和 1%2025 年第二季度报告及调整后每股收益 (EPS) 分别为 2.99 美元和 2.87 美元，2024 年同期分别为 2.22 美元和 2.87 美元将全年报告 EPS 预期上调至 11.25 至 11.75 美元区间，调整后 EPS 预期提高至11.10 至 11.60 美元区间 韦斯特切斯特，伊利诺伊州, Aug. 03, 2025 (GLOBE NEWSWIRE) -- 作为全球领先的食品和饮料制造业配料解决方案供应商，Ingredion Incorporated（NYSE：INGR）今日公布其 2025 年第二季度业绩。 “Ingredion 再次交出稳健季度表现，印证了我们多元化业务模式的实力和韧性，”Ingredion 总裁兼首席执行官 Jim Zallie 表示。 “我们的质构与健康解决方案分部实现了 2% 的净销售额增长和 29% 的营业收入增长。 这一成绩得益于销售量的增长，特别是清洁标签解决方案，以及卓越运营——更精准的需求预测和采购努力为该分部业绩做出了贡献。” “在拉丁美洲和加勒比地区食品与工业配料部，我们的业 ...

Ingredion Incorporated (NYSE:INGR) Q2 2025 Earnings Call August 1, 2025 9:00 AM ET Company Participants James Derek Gray - Executive VP & CFO James P. Zallie - President, CEO & Director Noah Weiss - Vice President of Investor Relations Conference Call Participants Benjamin M. Theurer - Barclays Bank PLC, Research Division Benjamin Thomas Mayhew - BMO Capital Markets Equity Research Heather Lynn Jones - Heather Jones Research LLC James Patrick Cannon - UBS Investment Bank, Research Division Kristen Owen - Op ...

Financial Data and Key Metrics Changes - For Q2 2025, the company reported adjusted operating income of $273 million, marking the highest Q2 in company history, while net sales declined by 2% primarily due to lower corn costs [6][19] - Gross profit dollars increased by 7%, with gross margin rising by 230 basis points to 26% [19] - Adjusted operating income increased by 1% for the quarter and 12% year-to-date [6][19] Business Line Data and Key Metrics Changes - The Texture and Healthful Solutions segment saw a 2% increase in net sales and a remarkable 29% rise in operating income, driven by a 3% increase in net sales volume [6][21] - Food and Industrial Ingredients LATAM experienced a 5% decline in net sales, impacted by reduced brewing volumes and macroeconomic challenges [20][22] - Food and Industrial Ingredients U.S./Canada reported a 6% decline in net sales, significantly affected by a mechanical fire at the Chicago plant [19][23] Market Data and Key Metrics Changes - The U.S. and Canada markets showed a 3% increase in sales volume for Texture and Healthful Solutions, with beverages, bakery, and dairy categories performing strongly [9][12] - LATAM's Food and Industrial Ingredients segment faced a 4% decline in sales volume due to macroeconomic impacts, particularly in Brazil and Mexico [10][22] - The company noted a positive trend in clean label solutions, with double-digit growth in the U.S. [11][12] Company Strategy and Development Direction - The company is focusing on business growth through its Texture and Healthful Solutions segment, which is expected to continue strong performance due to customer engagement and innovation [14][33] - Cost competitiveness is being pursued through operational excellence, with expectations to exceed $50 million in savings for the cost to compete program [15][30] - The company is committed to sustainability, as evidenced by its recent recognition as a net zero leader by Forbes [18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the second half of 2025, acknowledging macroeconomic headwinds but highlighting strong underlying volume in the U.S./Canada business [40][42] - The company anticipates flat to slightly up net sales for the full year 2025, with adjusted operating income expected to rise in the mid-single digits [29][30] - Management emphasized the importance of navigating uncertainties related to tariffs and macroeconomic conditions in LATAM [60][62] Other Important Information - The company has repurchased $55 million of its outstanding shares and paid out $106 million in dividends [28] - Capital expenditures for the year are projected to be between $400 million to $425 million, reflecting ongoing investments in growth initiatives [30] Q&A Session Summary Question: Is the guidance still conservative given the strong performance? - Management acknowledged the cautious approach due to uncertainties around tariffs and customer demand shifts, but noted strong underlying volume in the U.S./Canada business [38][40] Question: What is driving the operating leverage in Texture and Healthful Solutions? - The increase in operating income was attributed to improved operational execution, higher utilization rates, and favorable raw material costs [44][46] Question: What is the outlook for Food and Industrial Ingredients LATAM? - Management indicated that while macroeconomic conditions are challenging, they expect to see improvements in the second half as seasonal demand increases [60][62] Question: What is the impact of recent news on cane sugar versus high fructose corn syrup? - Management does not anticipate a significant impact on HFCS demand, as recent product announcements are seen as complementary rather than cannibalistic [68][70] Question: What is the status of the potential sale of the Pakistan asset? - The company is in discussions with three interested parties for acquiring a majority stake in the Raiffon Mays business [72] Question: What are the expectations for operating margins in the second half? - Management expects operating margins to remain in the high teens, with potential for slight fluctuations based on sourcing costs and tariff impacts [76][82]

Financial Data and Key Metrics Changes - For Q2 2025, the company reported adjusted operating income of $273 million, the highest for Q2 in company history, while net sales declined by 2% primarily due to lower corn costs [6][19] - Adjusted operating income increased by 1% for the quarter and 12% year-to-date [6][19] - Gross profit dollars grew by 7%, with gross margin up 230 basis points to 26% [19][20] Business Line Data and Key Metrics Changes - The Texture and Healthful Solutions segment saw a 2% increase in net sales and a remarkable 29% rise in operating income, supported by a 3% increase in net sales volume [6][21] - Food and Industrial Ingredients LATAM net sales declined by 5%, impacted by reduced brewing volumes and macroeconomic challenges [20][22] - Food and Industrial Ingredients U.S./Canada segment experienced a 6% decline in net sales, significantly affected by a mechanical fire at the Chicago plant [20][23] Market Data and Key Metrics Changes - The U.S. and Canada markets showed strong performance in the Texture and Healthful Solutions segment, with double-digit growth in clean label solutions [10][12] - LATAM markets faced challenges due to high inflation and economic slowdowns, particularly in Brazil and Mexico [58][59] - The company anticipates a flat to slightly up net sales outlook for the full year 2025, reflecting lower pricing due to corn cost pass-through [29][30] Company Strategy and Development Direction - The company is focusing on business growth through its Texture and Healthful Solutions segment, which is expected to deliver robust performance [15][32] - Cost competitiveness is being pursued through operational excellence, with an expectation to exceed $50 million in savings for the cost to compete program [16][30] - The company is committed to sustainability and has been recognized for its efforts in reducing greenhouse gas emissions [18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the second half of 2025, highlighting strong underlying volume in the U.S./Canada business despite macroeconomic uncertainties [41][42] - The company expects to recover some impacts from the Chicago plant disruption in the second half of the year [23][32] - Management noted that the demand for clean label solutions and healthful products is expected to continue driving long-term growth opportunities [14][55] Other Important Information - The company has repurchased $55 million of its outstanding common shares and paid out $106 million in dividends [28][29] - Capital expenditures for the year are projected to be between $400 million to $425 million [30] Q&A Session Summary Question: Is the guidance still too conservative? - Management acknowledged the cautious approach due to uncertainties around tariffs and customer demand shifts, but noted strong underlying volume in the U.S./Canada business [37][39] Question: What is driving the operating leverage in Texture and Healthful Solutions? - The increase in operating income was attributed to operational execution, higher utilization, and improved procurement strategies [43][45] Question: What is the outlook for Food and Industrial Ingredients LATAM? - Management indicated that while macroeconomic conditions are challenging, they expect to see improvements as the summer season approaches [58][60] Question: What is the impact of cane sugar versus high fructose corn syrup? - Management does not anticipate a significant impact on HFCS demand and highlighted ongoing efforts in sugar reduction initiatives [67][68] Question: Any updates on the potential sale of the Pakistan asset? - The company is in process with three interested parties for acquiring a majority stake in the Raiffon Mays business [71] Question: What are the expectations for the Argentina joint venture? - Management noted that the recent stabilization of the peso and lower inflation rates have led to more normalized performance expectations for the joint venture [90]