Ingredion Q2 FY26 reported EPS drops 40% to $1.78; net sales rise 1% to $1.85 billion
Reuters2026/08/04 10:10- Ingredion Q2 2026 GAAP diluted EPS fell to USD 1.78 from USD 2.99; adjusted diluted EPS edged down to USD 2.82.
- GAAP operating income dropped 31% to USD 188 million; adjusted operating income slipped 5% to USD 258 million.
- Net sales rose 1% to USD 1.85 billion, with volume gains in Texture & Healthful Solutions offset by weaker price mix.
- Net income attributable to shareholders slid 42% to USD 114 million; net financing costs widened to USD 55 million on FX hedging losses.
- Reaffirmed full-year GAAP EPS outlook of USD 9.15-9.75; Tate & Lyle shareholders accepted Ingredion’s 595 pence all-cash offer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS lowers Ciena target price to $394
EUR/USD Price Forecast: Holds key 100-day SMA at start of the US CPI week
Malaysia Govt Spending Plan Could Help 99 Speed Mart Retail -- Market Talk
Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
Crypto prices
More
