Ingredion Inc. reported its third‑quarter 2025 financial results, posting revenue of $1.82 billion, a decline of 3% from the same period last year. Reported earnings per share were $2.61, down from $2.83 in Q3 2024, while adjusted EPS were $2.75, down from $3.05. Reported operating income fell 7% to $249 million, and adjusted operating income fell 10% to $254 million.
The Texture & Healthful Solutions segment delivered a 4% increase in sales volume, driven by double‑digit growth in clean‑label ingredient solutions across the U.S./Canada and Asia‑Pacific markets. Operating income for the segment rose $9 million year‑over‑year to $105 million. In contrast, the Food & Industrial Ingredients – U.S./CAN segment saw operating income decline 18% due to production disruptions at the Chicago plant following a fire in late June. The LATAM segment’s operating income fell 11% amid weaker brewing demand and higher inflation.
Management said it is actively managing the impact of the Chicago plant outage through operational adjustments and has taken steps to mitigate the disruption. The company also highlighted ongoing restructuring costs from its Cost2Compete initiatives, which have contributed to the decline in operating income.
For the full year, Ingredion reiterated its guidance of reported earnings per share of $11.11 to $11.31 and adjusted EPS of $11.10 to $11.30, a revision from the $10.93 to $11.63 reported in Q2 2025. Net sales are expected to be flat to down low single digits, translating to a full‑year revenue range of roughly $1.82 billion to $1.80 billion. Cash from operations is projected at $800 million to $900 million, and capital expenditures are expected to be $400 million to $425 million. The company also announced a quarterly dividend of $0.82 per share, up from $0.80, and disclosed that it had repurchased $134 million of common stock year‑to‑date. A new stock repurchase program for up to 8 million shares was authorized.
Ingredion continues to invest in capacity for its Texture & Healthful Solutions segment, viewing it as a key driver of future growth and higher margins. The company’s dividend has increased for 11 consecutive years, underscoring its commitment to returning capital to shareholders. The Food – Miscellaneous industry remains in the bottom 33% of Zacks industries, and the company’s strategic focus on clean‑label solutions positions it to benefit from evolving consumer preferences.
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