Overview

• Ingredion Q3 adjusted EPS misses analyst expectations, declining from last year

• Reported and adjusted operating income fell 7% and 10% respectively in Q3

• Texture & Healthful Solutions segment saw 4% sales volume growth in Q3

Outlook

• Ingredion expects full-year 2025 EPS between $11.11 and $11.31

• Full-year 2025 net sales expected to be flat to down low single-digits

• Texture & Healthful Solutions operating income expected to rise high double-digits

Result Drivers

• TEXTURE & HEALTHFUL SOLUTIONS - Segment achieved 4% sales volume growth, driven by strong demand for clean label ingredient solutions in U.S./Canada and Asia-Pacific

• F&I U.S./CANADA CHALLENGES - Segment operating income fell 18% due to production issues at a major facility and reduced consumer demand

• LATAM WEAKNESS - Operating income decreased 11% due to lower brewing industry volumes and economic factors affecting consumer demand

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for Ingredion Inc is $138.00, about 17.3% above its November 3 closing price of $114.13

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX78Htqz

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)