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

*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.)