NYSE:INGRFood
Lowered Guidance And Plant Disruptions Could Be A Game Changer For Ingredion (INGR)
In the first quarter of 2026, Ingredion reported lower results year on year, with net sales of US$1,792 million and net income of US$142 million, and cut its full-year 2026 earnings guidance while flagging plant disruptions and the planned closure of its Cabo, Brazil facility.
Alongside weaker earnings, the company signaled a shift in its footprint and capital allocation by consolidating Latin American operations and continuing share buybacks, repurchasing 674,911 shares for US$78.42 million...