Ingredion Q1 EPS falls to $2.22 on Argo plant problems; full-year outlook updated
Ingredion reported first-quarter 2026 diluted EPS of $2.22, down from $3.00 a year earlier, and net sales of $1,792 million, down 1%. The company blamed slower recovery at its Argo facility in its U.S./Canada food and industrial business and updated its full-year 2026 reported and adjusted EPS ranges.
Key points
- Q1 2026 reported diluted EPS was $2.22 versus $3.00 in Q1 2025; adjusted EPS was $2.34 versus $2.97.
- Reported operating income fell 26% to $203 million; Food & Industrial Ingredients U.S./CAN operating income fell 63% to $34 million.
- Full-year 2026 reported EPS is now expected at $9.60 to $10.30, and adjusted EPS at $10.45 to $11.15.
- Second-quarter 2026 reported operating income is expected to be down high double-digits compared with the prior year.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.