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Ingredion Publishes Q3 2026 Earnings Call Transcript

By Public Technologies
  • Ingredion cut its 2026 outlook during its November 5 third-quarter earnings call, attended by CEO James Zallie, CFO Diego Reynoso and analysts.
  • Full-year adjusted earnings guidance fell to $9.25-$9.70 per share; adjusted operating income is expected to decline by a mid-teens percentage.
  • Third-quarter adjusted operating income dropped 19% to $206 million, primarily reflecting higher manufacturing costs, weaker US/Canada volumes and tapioca inflation.
  • Argo production stabilized, but earnings recovery lagged as maintenance spending exceeded expectations; softer sweetener demand added pressure.
  • The Tate & Lyle acquisition remains on track to close in the second half of 2027, with regulatory reviews underway.


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