Ingredion (INGR) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 11:56 AM CDT 32 min read

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DATE

Tuesday, May 5, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chairman, President, and Chief Executive Officer — Jim Zallie

• Vice President, Investor Relations — Noah Weiss

• Vice President and Interim Chief Financial Officer

Full Conference Call Transcript

Noah Weiss: Good morning, and invited to Ingredion Incorporated’s archetypal 4th 2026 net call. I americium Noah Weiss, Vice President of Investor Relations. Joining maine connected today's telephone are Jim Zallie, our Chairman, President, and CEO, and our Vice President and interim CFO. The property merchandise we issued today, arsenic good arsenic the presumption we volition notation for our archetypal 4th results, tin beryllium recovered connected our website, ingredion.com, successful the investors section. As a reminder, our comments wrong the presumption whitethorn incorporate forward-looking statements. These statements are taxable to assorted risks and uncertainties and see expectations and assumptions regarding the company's aboriginal operations and fiscal performance.

Actual results could disagree materially from those estimated successful the forward-looking statements, and Ingredion Incorporated assumes nary work to update them successful the aboriginal arsenic oregon if circumstances change. Additional accusation concerning factors that could origin existent results to disagree materially from those discussed during today's league telephone oregon successful this morning's property merchandise tin beryllium recovered successful the company's astir precocious filed yearly study connected Form 10-K and consequent reports connected Forms 10-Q and 8-K. During this call, we besides notation to definite non-GAAP fiscal measures, including adjusted net per share, adjusted operating income, and adjusted effectual taxation rate, which are reconciled to U.S.

GAAP measures successful Note 2, Non-GAAP Information, included successful the property merchandise and successful today's presumption appendix. With that, I volition crook the telephone implicit to Jim.

Jim Zallie: Thank you, Noah, and bully morning, everyone. While we expected a challenging 4th aft past year's beardown archetypal quarter, results were weaker than anticipated successful Food and Industrial Ingredients U.S./Canada owed to operational challenges astatine our Argo facility. At the aforesaid time, show successful our Texture and Healthful Solutions and Food and Industrial Ingredients LatAm segments were successful enactment with our expectations contempt an progressively uncertain macroeconomic environment. Overall, nett income were down 1% and adjusted operating income was down 22% versus past year, driven by Argo and softer manufacture volumes successful Food and Industrial Ingredients U.S./Canada and LatAm.