Ingredion Revises 2026 Outlook After Argo Disruption, Plans Brazil Plant Closure

Overview

• Ingredion reported Q1 net sales down 1% and adjusted operating income down 22%, citing about $40 million of extra maintenance and logistics costs from its Argo plant disruption.
• The company now guides 2026 net sales to be flat to up low single digits and expects adjusted EPS of $10.45 to $11.15.
• Management plans to close the Cabo manufacturing site in Brazil to streamline operations and deliver savings through the year.
• Texture & Healthful Solutions posted its eighth straight quarter of volume growth, and Latin America tracked roughly to plan despite softer industry demand.
• Leaders said Argo should return to normal in Q2, while a separate corn germ processing issue remains unresolved and could weigh on co-product sales that sit outside adjusted guidance.