Ingredion Incorporated Reports Third Quarter 2025 Results

Core Insights - Ingredion Incorporated reported its third quarter results for 2025, highlighting a mixed performance across its business segments, with a notable decline in earnings per share compared to the previous year [1][6]. Financial Performance - The company reported diluted earnings per share (EPS) of $2.61 for Q3 2025, down from $2.83 in Q3 2024, reflecting a decrease of 8% [4][6]. - Adjusted diluted EPS also fell to $2.75 from $3.05, marking a 10% decline year-over-year [4][6]. - Reported operating income decreased by 7% to $249 million, while adjusted operating income fell by 10% to $254 million compared to the same quarter last year [10][46]. Segment Performance - The Texture & Healthful Solutions segment achieved 4% sales volume growth, driven by double-digit increases in clean label ingredient solutions in the U.S./Canada and Asia-Pacific [2][3]. - The Food & Industrial Ingredients—U.S./Canada segment saw an 18% decline in operating income, primarily due to production challenges at a major facility and reduced consumer demand [3][17]. - The Food & Industrial Ingredients—LATAM segment's operating income decreased by 11%, impacted by lower brewing industry demand and a challenging economic environment [3][15]. Sales and Revenue - Total net sales for Q3 2025 were $1.816 billion, a 3% decrease from $1.870 billion in Q3 2024, driven by lower volumes across the F&II segments [7][45]. - Year-to-date net sales also declined by 3%, totaling $5.462 billion compared to $5.630 billion in the previous year [7][45]. Strategic Outlook - The company plans to continue investing in organic growth opportunities and mergers and acquisitions to strengthen its Texture & Healthful Solutions portfolio [3][21]. - Full-year 2025 guidance for reported EPS is projected to be in the range of $11.11 to $11.31, with adjusted EPS expected between $11.10 and $11.30 [21][23]. Shareholder Returns - In Q3 2025, Ingredion paid $54 million in dividends and declared a quarterly dividend of $0.82 per share, marking the 11th consecutive annual increase [20][21]. - The company repurchased $134 million in common stock year-to-date through September 30, 2025 [20].