Ingredion Q3 profit misses estimates as soft demand, higher costs weigh
Overview
U.S. ingredient solutions provider's Q3 sales slightly missed analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company cites higher input costs and softer demand for profit decline
Outlook
Ingredion lowers full-year 2026 adjusted diluted EPS outlook to $9.25-$9.70
Company expects 2026 net sales to be flat, with volume growth offset by lower price mix
Ingredion anticipates 2026 reported operating income down low double digits, adjusted operating income down mid-teens
Result Drivers
HIGHER INPUT COSTS - Co said increased manufacturing and input costs, including at the Argo facility and in tapioca sourcing, weighed on profits
SOFTER DEMAND - Co said weaker food and beverage demand and volume declines in U.S./Canada contributed to lower operating income
PAKISTAN BUSINESS SALE - Net sales decreased primarily due to the sale of the majority stake in the Pakistan business
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $1.79 bln | $1.80 bln (6 Analysts) |
Q3 Adjusted EPS | Miss | $2.28 | $2.60 (6 Analysts) |
Q3 EPS | $2.23 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Ingredion Inc is $115.00, about 18.1% above its November 4 closing price of $97.36
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Nov 3 - Keurig Dr Pepper Q3 revenue, profit beat estimates
Nov 4 - Kraft Heinz Q3 profit beats estimates on emerging markets growth
Nov 3 - Flavors and fragrances maker IFF's Q3 sales beat; low end of 2026 outlook raised
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)