ADM today reported preliminary financial results for the quarter ended September 30, 2024. Preliminary* Third Quarter 2024 Highlights Net earnings expected to be reported at $18 million, with adjusted net earnings1 of $530 million See below for impact of non-cash charge against GAAP earnings for the third quarter of $461 million related to our Wilmar equity investment Earnings per share1 expected to be $0.04, with [...]
ADM will release financial results for the third quarter of 2024 before the market opens on Tuesday, Nov. 5. A slide presentation will also be available for download. The company will host a webcast at 9 a.m. Central Time to discuss the results and provide a company update. To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for an [...]
ADM will present at the 2024 Barclays Global Consumer Staples Conference in Boston on Tuesday, Sept. 3. Chair of the Board and CEO Juan Luciano and Chief Financial Officer Monish Patolawala will present at 2:45 p.m. CDT. The event will be broadcast live at www.adm.com/webcast, and a replay will also be available for a limited time on www.adm.com/webcast. About ADM ADM unlocks the power of nature to enrich the quality of [...]
Farmers Business Network and ADM today announced that they have launched a joint venture, Gradable, creating a new company to expand the Gradable technology platform and enable more farmers and buyers to confidently pursue and derive value from grain produced using sustainable and regenerative practices. First introduced in 2020, the Gradable platform tracks sustainable and regenerative agricultural practices and [...]
ADM's Board of Directors has declared a cash dividend of 50.0 cents per share on the company's common stock. The dividend is payable on Sept. 11, 2024, to shareholders of record on Aug. 21, 2024. This is ADM's 371st consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends. As of June 30, 2024, there were 478,050,028 shares of ADM common stock outstanding. About ADM ADM unlocks the power of [...]
ADM , a global leader in innovative solutions from nature, was recently recognized as a winner of the 2024 Sustainability Leadership Award presented by the Business Intelligence Group. The Business Intelligence Group's Sustainability Awards program, now in its ninth year, recognizes companies, projects, people and products of all sizes across various industries. This year's program received submissions highlighting a [...]
ADM today reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights Net earnings of $486 million, adjusted net earnings1 of $508 million Earnings before taxes of $596 million, segment operating profit1 of $1,014 million, adjusted segment operating profit1 of $1,021 million Trailing four-quarter average return on invested capital of 8.9%, trailing four-quarter average adjusted return on [...]
ADM , a global leader in innovative solutions from nature, today issued its second annual report detailing its accelerating global work to advance regenerative agriculture practices. The comprehensive report includes: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722862346/en/ Explanations of ADM's definition, principles and approach to regenerative [...]
ADM will release financial results for the second quarter of 2024 before the market opens on Tuesday, July 30. A slide presentation will also be available for download. The company will host a webcast at 8 a.m. Central Time to discuss the results and provide a company update. To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for an [...]
ADM and LG Chem announced today that their previously announced projects for the production of lactic and polylactic acid will not move forward. "Since we originally announced our two joint ventures with LG Chem for lactic and polylactic acid in 2022, construction costs have skyrocketed," said Chris Cuddy, president of ADM's Carbohydrate Solutions business. "We looked at a variety of options, but when the time came to [...]
ADM today announced the appointment of Monish Patolawala as Executive Vice President and Chief Financial Officer, effective August 1, 2024, succeeding Ismael Roig, who has been serving as ADM's Interim CFO since January 2024. Mr. Patolawala brings to ADM more than 25 years of experience overseeing global finance and technology teams across leading industrial and healthcare companies, most recently including 3M. As EVP and [...]
ADM and Bayer today announced an extension of their collaboration, working with farmers in a bid to drive the further adoption of regenerative agricultural practices in Europe. Last year, the companies embarked on a feasibility study to evaluate the impact of regenerative agriculture practices in curbing carbon emissions, increasing biodiversity and improving soil health. They worked with oilseed rape farmers covering [...]