Ingredion Incorporated reported third quarter 2025 net sales of $1,816 million, a decrease of 3% from the same period in 2024. The decline was mainly driven by lower volumes across the F&II segments and price mix, partially offset by increases in the Texture & Healthful Solutions segment. Reported operating income decreased by 7% year-over-year, while adjusted operating income declined by 10%. Reported earnings per share for the third quarter were $2.61, compared to $2.83 in the prior year, and adjusted earnings per share were $2.75, compared to $3.05. The company adjusted its full-year reported EPS guidance to a range of $11.11 to $11.31, and adjusted EPS to a range of $11.10 to $11.30. Cash from operations for the full year is expected to be between $800 million and $900 million, with capital expenditures anticipated at approximately $400 to $425 million. The effective tax rate for the year is projected to be between 25.5% and 26.5% on a reported basis.