Ingredion missed third-quarter estimates, and chief executive Jim Zallie says the main reason is that Argo's financial recovery is taking longer than the company anticipated. Earnings per share were $2.28, $0.37 worse than expected. Revenue was $1.79B against $1.84B expected.

Zallie, who is also chairman and president, said higher input costs and softer demand added to the shortfall. That moves the question from whether Argo recovers to when. His explanation points to delay rather than damage, but it is still a miss on both earnings and sales.

The company is still paying out cash. It raised its quarterly dividend to $0.83 per share, its 12th consecutive year of increases. It has also repurchased $85m of stock toward its $100m full-year target.

Ingredion expects full-year 2026 adjusted diluted EPS of $9.25 to $9.70 and reported diluted EPS of $8.04 to $8.49. It expects full-year net sales to be flat versus 2025. With revenue short of estimates, the adjusted range rests on how soon Argo recovers.

© Raydn · raydn.us