Net sales decreased 1% to $1.792 billion compared to $1.813 billion in Q1 2025. Operating income fell 26% to $203 million from $276 million in the prior year period. Net income attributable to Ingredion dropped to $142 million ($2.22 per diluted share) from $197 million ($3.00 per diluted share) in Q1 2025. Gross profit margin contracted to 22% from 26% due to lower fixed cost absorption. The company repurchased 120,000 shares for $14 million during the quarter.