Ingredion

Ingredion (INGR) Q2 2025 Earnings

Reported Aug 1, 2025 at 6:08 AM ET · SEC Source

Q2 25 EPS

$2.87

BEAT +2.99%

Est. $2.79

Q2 25 Revenue

$1.83B

MISS 3.01%

Est. $1.89B

vs S&P Since Q2 25

-42.0%

TRAILING MARKET

INGR -22.8% vs S&P +19.2%

Market Reaction

Did INGR Beat Earnings? Q2 2025 Results

Ingredion posted a mixed second quarter for 2025, beating earnings expectations while falling short on revenue, as a standout performance in its specialty ingredients unit helped cushion softness elsewhere. Adjusted diluted EPS came in at $2.87, clea… Read more Ingredion posted a mixed second quarter for 2025, beating earnings expectations while falling short on revenue, as a standout performance in its specialty ingredients unit helped cushion softness elsewhere. Adjusted diluted EPS came in at $2.87, clearing the consensus estimate of $2.79 by roughly 2.99%, even as net sales slipped 2.4% year over year to $1.83 billion, missing analyst expectations of $1.89 billion by 3.01%. The clearest engine behind the earnings beat was the Texture and Healthful Solutions segment, which delivered a 29% surge in operating income to $111.00 million, fueled by lower raw material costs, stronger clean label volumes, and sharper procurement execution. That momentum helped offset an 18% decline in Food and Industrial Ingredients U.S./Canada operating income, where a mechanical fire at the Chicago plant temporarily curtailed output. Looking ahead, management raised its full-year 2025 adjusted EPS guidance to a range of $11.10 to $11.60, with full-year net sales expected flat and both reported and adjusted operating income guided up mid-single-digits.

Key Takeaways

  • Texture & Healthful Solutions segment delivered 29% operating income growth driven by lower raw material costs, increased volumes especially for clean label solutions, and operating excellence in demand forecasting and procurement
  • Lower raw material and input costs across segments contributed to margin improvement
  • Adjusted operating income growth of 1% year-over-year; reported operating income up 13%
  • Favorable margin contribution of $0.22 to adjusted EPS partially offset by $0.16 volume headwind
  • Share count reduction contributed $0.05 to EPS
24/7 Wall St

INGR YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

INGR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Ingredion delivered another solid quarter, underscoring the strength and resilience of our diversified business model. Our Texture & Healthful Solutions segment delivered 2% net sales and 29% operating income growth. These results were driven by sales volume growth, especially for clean label solutions, and operating excellence as better demand forecasting and procurement efforts contributed to the segment's performance.”

— Jim Zallie, Q2 2025 Earnings Press Release