Ingredion Incorporated has announced its financial results for the third quarter of 2026, revealing a decline in earnings primarily due to increased input costs and softer consumer demand. The company reported that both its reported and adjusted operating income decreased by 19% compared to the same quarter in the previous year. This decline has prompted Ingredion to adjust its full-year earnings guidance.

Jim Zallie, chairman, president, and CEO of Ingredion, stated, "Our third quarter results fell short of our expectations, largely due to Argo’s slower than anticipated financial recovery, with incremental pressure from higher input costs and consumer softness." He highlighted that while production at Argo remained stable, high manufacturing costs and reduced demand affected profitable volume growth.

Ingredion, which operates in the grain mill products sector, is focused on improving its financial performance through cost management and operational discipline. The company is also preparing for the integration of its pending acquisition of Tate & Lyle, which it believes will create greater opportunities for growth and innovation.

The company reported diluted earnings per share (EPS) of $2.23 for the third quarter, down from $2.61 in the same quarter last year. Adjusted diluted EPS was $2.28, compared to $2.75 in the prior year. The company is adjusting its full-year guidance for reported diluted EPS to a range of $8.04 to $8.49, and adjusted diluted EPS to a range of $9.25 to $9.70.

Ingredion’s performance reflects broader challenges in the grain mill products industry, where rising costs and fluctuating demand are affecting profitability. As Ingredion navigates these challenges, competitors in the sector may also experience similar pressures.

Looking ahead, Ingredion aims to enhance its financial performance through disciplined cost management while continuing to invest in its specialty growth platforms. The company will host a conference call to discuss its financial results further, providing insights into its strategies and outlook.

This filing, with accession number 0001628280-26-070486, includes a press release detailing the company’s financial results and future plans.