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Mar 31
Ingredion Q1 2025 Earnings Report
Ingredion reported solid financial performance in Q1 2025 with improved operating income and adjusted EPS despite a slight decline in revenue.
Key Takeaways
Ingredion delivered a strong first quarter in 2025, with operating income rising by 30% and adjusted EPS reaching $2.97. Despite a 4% year-over-year revenue decline, the company improved its full-year outlook based on volume growth and operational efficiency.
Adjusted EPS rose to $2.97 from $2.08 in Q1 2024.
Net income was $197 million, a 9% year-over-year decrease.
Operating income increased by 30% to $276 million.
Cash and cash equivalents stood at $837 million at quarter-end.
Ingredion
Ingredion
Ingredion Revenue by Segment
Ingredion Revenue by Geographic Location
Forward Guidance
Ingredion raised its full-year 2025 guidance, projecting low single-digit net sales growth and improved operating income driven by higher volumes and disciplined cost management.
Positive Outlook
- Adjusted EPS guidance increased to $10.90–$11.60
- Operating income projected to rise mid-single-digits
- Stronger sales volume expected across T&HS segment
- LATAM region projected to deliver mid-single-digit growth
- Cash from operations forecasted at $825M–$950M
Challenges Ahead
- Flat to declining operating income expected in US/Canada
- Corporate costs projected to rise mid-to-high single digits
- Foreign exchange headwinds anticipated to persist
- Price mix could partially offset volume growth
- Tariff uncertainties may create volatility in inputs
Revenue & Expenses
Visualization of income flow from segment revenue to net income