Ingredion Q1 profit drops 28% on Argo plant issues; interim CFO now in place

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~1 min read

Key Changes

• high

  Q1 2026 net income fell 28% to $142M from $197M year-over-year, with operating income down 26% to $203M. Gross margin compressed 400 basis points to 22% from 26% due to lower volumes and poor fixed-cost absorption.

  MD&A: Financial Results verify on EDGAR →
• high

  U.S./Canada segment operating income plunged 63% to $34M from $92M, driven by production challenges at the Argo facility and softer volumes/mix—a new operational headwind not present in the prior year.

  MD&A: Segment Performance verify on EDGAR →
• high

  Company now has an Interim CFO instead of a permanent Chief Financial Officer. The filing does not disclose the reason for the transition or timing of a permanent appointment.

  Controls and Procedures verify on EDGAR →