ADM today provided an update with respect to the internal investigation led by the Audit Committee of its Board of Directors regarding certain accounting practices and procedures with respect to ADM's Nutrition reporting segment, including as related to certain intersegment sales. The investigation was initially disclosed in January 2024. "Our strong commitment to compliance and integrity in our financial reporting is [...]
ADM today reported financial results for the quarter and full year ended December 31, 2023. Full-Year 2023 Highlights Segment operating profit of $5,900 million, adjusted segment operating profit1 of $6,244 million Trailing four-quarter average adjusted return on invested capital 1 of 12.2% Board Chair and CEO Juan Luciano commented, "ADM's results speak to the resiliency of our business. Supported by our unparalleled [...]
ADM will release financial results for the fourth quarter of 2023 before the market opens on Tuesday, March 12. 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 today announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission related to the Company's Annual Report on Form 10-K for the fiscal year 2023. The Company is working diligently to finalize its financial statements and currently intends to file its Annual Report on Form 10-K as soon as practicable by March 15, 2024, the end of the 15-day extension period [...]
Fuerst Day Lawson Limited , a portfolio company of Highlander Partners, L.P., completed the previously announced sale to ADM , a premier global human and animal nutrition company. FDL, founded in 1884 and headquartered in London, is a leading ingredient solutions provider, specialized in the rapid development, formulation and manufacture of natural taste and nutrition solutions for applications across multiple product [...]
ADM's Board of Directors has declared a cash dividend of 50.0 cents per share on the company's common stock, an approximately 11% increase from last quarter's dividend of 45.0 cents per share. The dividend is payable on Feb. 29, 2024, to shareholders of record on Feb. 8, 2024. This is ADM's 369th consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends. As of Dec. 31, 2023, there were [...]
ADM today announced the appointment of Ismael Roig as Interim Chief Financial Officer. Mr. Roig is a skilled executive deeply familiar with ADM's business, having served in a variety of global operational and financial leadership roles since joining the Company in 2004. The appointment follows the decision of the ADM Board of Directors to place Vikram Luthar, Chief Financial Officer and Senior Vice President, on [...]
ADM , a global leader in sustainably sourced solutions from nature, announced today that it has loaded and shipped its first vessels of verified, fully traceable soybeans from the U.S. to Europe. With the completion of the initial phases of the program, and in anticipation of the new EU deforestation regulations becoming effective at the end of the year, ADM now intends to expand these capabilities to other key locations [...]
Fuerst Day Lawson Limited , a portfolio company of Highlander Partners, L.P., announced today that the Company has entered into a definitive agreement to sell all of its outstanding shares to ADM , a premier global human and animal nutrition company. FDL, founded in 1884 and headquartered in London, is a leading ingredient solutions provider, specialized in the rapid development, formulation and manufacture of natural [...]
ADM , a global leader in human and animal nutrition, today announced that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems. FDL, with projected 2023 sales of approximately $120 million, operates three production facilities and two customer innovation centers, all in the United Kingdom. The company's approximately 235 colleagues, which [...]
ADM , a global leader in human and animal nutrition, today announced it is adding to its flavors capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions. Revela, with projected sales of almost $240 million in 2023, would add new capabilities to ADM's global flavors portfolio in the $1.8 billion global dairy flavors segment [...]
ADM , a global leader in sustainably sourced solutions from nature, is making a series of investments to continue to expand its broad-based business in Brazil. Crush Expansion ADM is investing to expand crush capacity at three oilseed processing facilities: Campo Grande Porto Franco Uberlandia In total, the investments are expected to add approximately 400,000 metric tons per year to ADM's crush capacity in Brazil. "We're [...]
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