Ingredion reports Q2 2026 financial results fueled by volume growth
Second quarter net sales increased 1%, driven primarily by higher net sales volume in the Texture & Healthful Solutions segment and favorable foreign exchange in Food & Industrial Ingredients in Latin America.
USA – Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage manufacturing industry, has reported its financial results for the second quarter of 2026, delivering net sales of US$1.85 billion.
The performance represents a 1% increase compared to the US$1.83 billion recorded in the second quarter of 2025, driven primarily by strong sales volume expansion in its high-margin Texture & Healthful Solutions segment and favorable foreign exchange movements in Latin America.
Reported diluted earnings per share (EPS) for the quarter stood at US$1.78, down from US$2.99 in the prior-year period, largely reflecting non-operational charges, restructuring costs, and asset impairment expenses associated with the planned closure of its Cabo, Brazil facility.
On an adjusted basis, diluted EPS reached US$2.82, compared to US$2.87 in the second quarter of 2025.
Reported operating income declined 31% to US$154 million, while adjusted operating income fell 5% to US$225 million, impacted by transactional currency headwinds in Mexico and higher raw material costs for tapioca.
The Texture & Healthful Solutions business served as the primary engine of operational momentum, posting its ninth consecutive quarter of broad-based volume growth.
Segment operating income rose 5% to US$117 million, propelled by robust global demand for clean-label texturizers and specialty food ingredients.
Meanwhile, the Food & Industrial Ingredients, US/CAN division demonstrated sequential recovery as production yields and operating reliability fully normalized at the company’s flagship Argo manufacturing plant in Illinois.
During the quarter, Ingredion achieved significant strategic milestones in portfolio optimization and corporate expansion.
The results follow other recent portfolio moves by the company, including the completed US$165 million divestiture of a 51% stake in its Rafhan Maize business in Pakistan, with Ingredion retaining a 20% ownership interest to support growth in Middle East and South Asia markets.
Additionally, the company made substantial progress toward its proposed acquisition of British specialty ingredients manufacturer Tate & Lyle.
Tate & Lyle shareholders formally approved Ingredion’s recommended 595 pence per share all-cash acquisition offer on July 28, moving the combined entity closer to establishing an expanded global footprint.
Jim Zallie, Chairman, President, and CEO of Ingredion, stated that the quarter demonstrated the durability of the company’s solutions-selling strategy despite persistent macroeconomic pressures. Reflecting its strategic progress, Ingredion reaffirmed its full-year 2026 financial guidance.
The company anticipates full-year reported EPS in the range of US$9.15 to US$9.75 and adjusted EPS between US$10.30 and US$10.90, while targeting net sales to remain flat to up low single digits for the full year.
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