Archer Daniels Midland Company - ADM STOCK NEWS

ADM and Benson Hill have announced a long-term strategic partnership to scale innovative soy ingredients aimed at meeting the growing demand for plant-based proteins. ADM will process proprietary ingredients derived from Benson Hill's Ultra-High Protein (UHP) soybeans through an exclusive North American licensing agreement. The collaboration is expected to enhance ADM's capabilities in the alternative protein sector, which is projected to grow to $125 billion by 2030. This partnership aims to innovate and supply high-value products while engaging farmer partners in the seed-to-fork movement.

ADM (NYSE: ADM) and Benson Hill (NYSE: BHIL) have formed a long-term strategic partnership aimed at scaling innovative soy ingredients to meet the growing demand for plant-based proteins. Benson Hill's proprietary Ultra-High Protein soybeans will be processed and commercialized by ADM under an exclusive North American licensing agreement, targeting various food and beverage markets. The partnership leverages Benson Hill's genetics for sustainable and less-processed proteins, with projections indicating a substantial growth in alternative protein sales, expected to reach $125 billion by 2030.

ADM has announced the appointment of Jim Collins, former CEO of Corteva, to its Board of Directors, enhancing its leadership in sustainability and global agriculture. Chairman Juan Luciano highlighted Collins' extensive experience and commitment to innovation. Furthermore, ADM declared a cash dividend of 40.0 cents per share, payable on Sept. 7, 2022, to shareholders of record on Aug. 17, 2022. This marks ADM’s 363rd consecutive quarterly dividend payment, showcasing its long-term dedication to shareholder returns.

ADM has appointed Megan Britt as the new vice president of Investor Relations. With over 20 years of experience in the food and agriculture sectors, Britt previously held similar roles at Tyson Foods and Corteva Agriscience. Chief Financial Officer Vikram Luthar emphasized the importance of Britt's expertise in sharing ADM's growth story with investors. ADM is focused on aligning its portfolio with major growth trends in the industry while continuing to drive shareholder value.

ADM reported strong financial results for Q2 2022, achieving net earnings of approximately $1.2 billion and an adjusted EPS of $2.15. This reflects a solid year-over-year performance, with segment operating profit reaching $1.84 billion, a significant increase from $1.14 billion in the previous year. Noteworthy segments include Ag Services and Oilseeds, which saw profits more than double. The company anticipates continued strong demand, projecting robust earnings for the second half of 2022 and plans to accelerate share repurchases of about $1 billion.

ADM partners with FBN to offer the Gradable® platform, enhancing farm business management and sustainability solutions for 55,000 farmers in North America. This agreement leverages ADM's extensive grain-buying capabilities and FBN's digital technology to boost profitability and support regenerative agriculture practices. Farmers will gain access to a comprehensive digital toolkit for managing contracts, verifying sustainable practices, and tapping into capital for regenerative initiatives. This initiative aims to advance sustainable production and support new markets for low-carbon grain.

ADM (NYSE: ADM) will release its financial results for Q2 2022 before the market opens on July 26, 2022. A slide presentation will accompany the results, available for download. The company will host a webcast at 8 a.m. Central Time to discuss the results and provide updates. ADM is a leader in nutrition and sustainability, developing innovative solutions in human and animal nutrition while managing a robust agricultural supply chain.

ADM, a leader in nutrition, forecasts the human microbiome market to reach $9.1 billion by 2026. Insights from their Outside Voice platform reveal emerging consumer trends focused on prebiotics, probiotics, and postbiotics. Key findings show over half of global consumers recognize the gut-brain connection, and personalized nutrition solutions are becoming mainstream. ADM emphasizes the importance of innovation to support wellness through microbiome health, supported by partnerships with innovators like Nourished and Brightseed.