Archer Daniels Midland Co - ADM STOCK NEWS

Green Plains (NASDAQ:GPRE) announced significant changes to its Board of Directors, appointing three new independent directors: Steven Furcich, Carl Grassi, and Patrick Sweeney. The appointments will expand the Board to 10 members through the 2025 Annual Meeting, with two tenured directors expected to step down at this year's Annual Meeting.

The company has formed a new Strategic Planning Committee to provide analysis and recommendations on value-creation initiatives. The committee will be co-chaired by a new director and a tenured director, with half of its four members being newly appointed directors.

Green Plains has also entered into a cooperation agreement with long-term shareholder Ancora, which includes provisions for a standstill and voting commitment. The new directors bring expertise in agriculture and commodities, capital allocation, finance, strategic transactions, and long-term planning.

ADM (NYSE: ADM) and Mitsubishi have signed a non-binding memorandum of understanding to establish a strategic alliance exploring potential collaborations across the agriculture value chain. The partnership aims to address global challenges in food and agriculture supply chains, driven by population growth, economic development, and increasing demand for sustainable products.

The alliance combines ADM's position as a leading food and agriculture company with Mitsubishi's cross-industrial business platform in food and energy sectors. Their collaboration will focus on creating value through opportunities in biofuel supply chains and strengthening global food systems.

ADM Animal Nutrition has initiated a recall of specific pelleted cattle feed products due to potentially harmful nutrient level variations. The affected products contain either elevated copper levels or insufficient zinc content, which could pose health risks to cattle.

The recall spans 33 lot numbers of feed products distributed between January 16-February 27, 2025, across six states: Illinois, Missouri, Tennessee, Iowa, Georgia, and Ohio. While no illnesses have been reported, excessive copper exposure could cause gastroenteritis symptoms including anorexia, depression, and diarrhea, while zinc deficiency may impact feed intake and growth.

The issue was discovered during routine production testing. ADM has begun notifying customers and removing affected products from retail shelves. Customers are advised to stop using the recalled feed immediately and return it for a full replacement or refund.

ADM reported its Q4 and full-year 2024 financial results, with full-year net earnings of $1.8 billion and adjusted net earnings of $2.3 billion. The company posted earnings per share of $3.65 and adjusted EPS of $4.74, both declining from the previous year. Cash flows from operating activities were $2.8 billion.

The company announced targeted actions to achieve $500-750 million in cost savings over the next 3-5 years, including a planned workforce reduction of 600-700 roles globally in 2025. ADM also increased its quarterly dividend by 2% to 51.0 cents per share.

For 2025, ADM provided guidance with adjusted earnings per share expected between $4.00 to $4.75, reflecting weaker market fundamentals and ongoing biofuel and trade policy uncertainty. The company's total segment operating profit for 2024 was $4.2 billion, down 28% versus the prior year.

ADM (NYSE: ADM) has been awarded the 2025 BIG Innovation Award by the Business Intelligence Group for its groundbreaking regenerative agriculture program. The program was recognized for its innovative approach to transforming global food systems through advanced technologies, partnerships, and sustainable farming practices.

The award, which celebrates industry-advancing organizations, was determined by a panel of business leaders evaluating creativity, measurable results, and overall impact. ADM's program specifically focuses on reducing greenhouse gas emissions and enhancing soil health, creating tangible benefits for both farmers and the environment.

Greg Morris, president of ADM's Ag Services and Oilseeds business, emphasized the program's role in addressing supply chain resiliency and global sustainability challenges. The company's collaborative approach with farmers and partners aims to develop practical, scalable solutions supporting long-term environmental health and food security.

ADM (NYSE: ADM) has appointed Carrie Nichol as Vice President and Chief Accounting Officer, effective March 1. Nichol will report to Executive Vice President and CFO Monish Patolawala, overseeing external and management accounting, reporting processes, internal control functions, and insurance and risk management.

Nichol brings over 20 years of finance and accounting experience, joining from Cargill where she served as Senior VP, Chief Accounting Officer and Global Process Leader. She succeeds Molly Strader Fruit, who will transition to a new role as VP of Total Rewards and HR Operations.

Prior to Cargill, Nichol was VP, Controller and Chief Accounting Officer at Zimmer Biomet. She started her career at KPMG LLP and holds a bachelor's degree in business management from Widener University and an MBA in Finance from Villanova University.

ADM (NYSE: ADM) has announced it will release its fourth quarter 2024 financial results before market opening on Tuesday, February 4, 2025. The company will accompany the release with a downloadable slide presentation and host a webcast at 9 a.m. Central Time to discuss the results and provide updates. The webcast and presentation materials will be accessible at www.adm.com/webcast, where a replay will also be available for an extended period.

ADM (NYSE: ADM) announced its Board of Directors has extended and expanded its share repurchase program. The program, which originally authorized the purchase of 100 million shares between 2015-2019, was first extended to 2024 and increased to 200 million shares in 2019. Now, it has been further extended to December 31, 2029, with an additional authorization of 100 million shares, bringing the total program authorization to 300 million shares. Currently, 114,764,049 shares remain available for future repurchases. The timing and number of shares to be repurchased will be determined at the company's discretion.

ADM reported third quarter 2024 financial results with net earnings of $18 million and adjusted net earnings of $530 million. The company recorded a non-cash impairment charge of $461 million related to its Wilmar equity investment. Earnings per share were $0.04, with adjusted EPS of $1.09, both down versus prior year. Total segment operating profit was $1,037 million, down 28%. Year-to-date cash flows from operations were $2,468 million. The company completed its financial restatement with no impact on consolidated results for 2023 and first/second quarters of 2024. ADM maintains full-year 2024 adjusted EPS guidance of $4.50-$5.00.