Ingredion Incorporated Delivers Solid Second Quarter Results and Improves Full-Year Outlook

Core Insights - Ingredion Incorporated reported solid second quarter results for 2025, highlighting the strength of its diversified business model, with significant growth in the Texture & Healthful Solutions segment [2][5][10] Financial Performance - Reported diluted EPS for Q2 2025 was $2.99, up 35% from $2.22 in Q2 2024, while adjusted diluted EPS remained stable at $2.87 [3][5] - Total net sales for Q2 2025 decreased by 2% to $1.833 billion, primarily due to lower volume and price mix, despite growth in the Texture & Healthful Solutions segment [10][43] - Reported operating income increased by 13% to $271 million, while adjusted operating income rose by 1% to $273 million compared to the previous year [11][44] Segment Performance - The Texture & Healthful Solutions segment achieved a 2% increase in net sales to $599 million and a 29% rise in operating income to $111 million, driven by lower raw material costs and increased volumes [14][15] - Food & Industrial Ingredients—LATAM saw a 5% decline in net sales to $596 million, with operating income decreasing by 2% to $127 million, impacted by foreign exchange rates and joint venture performance [16][17] - The U.S./Canada segment experienced a 6% drop in net sales to $523 million, with operating income down 18% to $86 million, primarily due to a mechanical fire affecting production [18][20] Guidance and Outlook - The company updated its full-year 2025 guidance, expecting reported EPS in the range of $11.25 to $11.75 and adjusted EPS between $11.10 and $11.60 [25][26] - Full-year net sales are anticipated to be flat, with mid-single-digit growth expected for both reported and adjusted operating income [26][27] - The Texture & Healthful Solutions segment is projected to see low double-digit growth in operating income, while the U.S./Canada segment is expected to decline slightly [27][28]