-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
INGR delivered disappointing Q1 results with adj. EPS of $2.34 (-21% Y/Y), missing consensus by $0.13, while net sales declined 1% to $1,792M, in line with expectations. Adj. operating income dropped 22% to $212M, with the Food & Industrial Ingredients - U.S./CAN segment particularly weak as operating income plunged 63% to $34M due to ongoing Argo facility disruptions. The company cut its 2026 outlook, now expecting adj. EPS of $10.45-$11.15 (from $11.00-$11.80) and net sales flat to up low single digits. Management indicated the Argo facility recovery has taken longer than expected following the 2025 thermal event, with sequential improvement anticipated in Q2 2026 and a return to normal operations targeted for H2 2026. We are disappointed with the results as our expectation was that the Argo facility issues would have been resolved by now, though we expect gradual improvement as operational challenges normalize in the second half.