Ingredion Incorporated (NYSE:INGR) posted better-than-expected adjusted earnings for the fourth quarter, but a revenue miss dampened investor sentiment and pushed the stock lower in early trading.
Shares of Ingredion Incorporated fell about 1.5% in pre-market trading following the release.
The ingredients group reported adjusted earnings per share of $2.53 for the fourth quarter of 2025, coming in slightly ahead of market expectations. Revenue, however, totaled $1.76 billion, below the consensus estimate of $1.78 billion and down 2% from the same period a year earlier. On a constant-currency basis, net sales declined 4% year on year.
Results varied across business lines. The Texture & Healthful Solutions segment recorded 4% volume growth during the quarter, supported by continued strong demand for clean-label products. In contrast, the Food & Industrial Ingredients—U.S./Canada unit struggled, with operating income falling 32% due to production disruptions and softer sweetener demand.
“We delivered record full-year financial results driven by continued strength in Texture & Healthful Solutions and solid results from our Food & Industrial Ingredients—LATAM business,” said Jim Zallie, president and CEO of Ingredion. “These strong performances were partially offset by slower-than-expected operational recovery within our Food & Industrial Ingredients—U.S./CAN business.”
For the full year 2025, Ingredion generated adjusted earnings per share of $11.13, up from $10.65 in 2024. Operating cash flow reached $944 million, and the company returned $435 million to shareholders through dividends and share buybacks.
Looking ahead, Ingredion issued fiscal 2026 guidance calling for earnings per share of $11.00 to $11.80, compared with an analyst consensus of $11.38. The company expects net sales growth in the low- to mid-single-digit range, with adjusted operating income also projected to rise by low single digits.
“As we enter 2026, we are well-positioned to build on our current Texture & Healthful Solutions momentum, and we anticipate F&II—U.S./CAN will overcome the operational setbacks that meaningfully impacted 2025 results,” Zallie added.