Ingredion reports Q1 adjusted EPS $2.34, consensus $2.47

Reports Q1 revenue $1.79B, consensus $1.79B. “While we expected a challenging first quarter after last year’s strong first quarter, results were weaker than anticipated in Food & Industrial Ingredients-U.S./CAN due to operational challenges at our Argo facility,” said Jim Zallie, chairman, president and CEO of Ingredion (INGR). “At the same time, performance in our Texture & Healthful Solutions and Food & Industrial Ingredients-LATAM segments were in line with our expectations despite an increasingly uncertain macroeconomic environment.”