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Sep 30
Ingredion Q3 2025 Earnings Report
Ingredion reported lower revenue and income in Q3 2025 as volume and pricing pressures weighed on results.
Key Takeaways
Ingredion’s Q3 2025 saw declines in revenue and net income, primarily due to production issues in the U.S. and weaker demand in LATAM. Texture & Healthful Solutions was the only segment to grow operating income.
Adjusted EPS was $2.75, down from $3.05 in Q3 2024
Net income fell 9% year-over-year to $171 million
Revenue declined 3% to $1.816 billion due to lower volumes and pricing
Food & Industrial Ingredients segments saw notable operating income declines
Ingredion
Ingredion
Ingredion Revenue by Segment
Revenue by Segment
Texture & Healthful Revenue
CapyFin.comF&II LATAM Revenue
CapyFin.comF&II US/Canada Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
Ingredion expects flat to slightly lower full-year net sales and modest growth in operating income. T&HS is forecast to lead growth while other segments face ongoing challenges.
Positive Outlook
- Full-year adjusted EPS expected between $11.10 and $11.30
- Operating income projected to grow low to mid-single digits
- T&HS operating income expected to grow high double-digits
- Cash from operations expected between $800M and $900M
- Capital expenditures to support new specialty capacity investments
Challenges Ahead
- Net sales expected to be flat to down low single digits
- F&II US/Canada operating income projected to decline double digits
- Foreign exchange expected to negatively impact revenue
- Softening LATAM consumer demand due to macroeconomic pressures
- Corporate costs forecasted to rise high single digits due to IT and digital projects
Revenue & Expenses
Visualization of income flow from segment revenue to net income