Welcome to our dedicated page for Archer Daniels Midland Co news (Ticker: ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland Co stock.
For over a century, Archer Daniels Midland Company (NYSE: ADM) has been a pivotal force in transforming crops into essential products that meet the growing needs of our world. As one of the largest global agricultural processors and food ingredient providers, ADM employs more than 33,000 people and operates in over 140 countries. Our expansive value chain includes 460+ crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers, and the world’s leading crop transportation network.
ADM processes oilseeds, corn, wheat, and other agricultural commodities and is a leading grain merchandiser. We also excel in human and animal nutrition, producing corn-based sweeteners, starches, and ethanol. Our recent recall of several animal feed products highlights our commitment to safety and quality.
We are innovators, advancing in health and well-being with groundbreaking plant-based solutions, and sustainability efforts aimed at decarbonizing entire value chains. Our strategic partnership with Solugen to create a new biomanufacturing facility underscores our commitment to sustainable solutions. Additionally, ADM's regenerative agriculture program, which exceeded 2.8 million acres in 2023, is set to expand further, showcasing our dedication to environmental stewardship.
Financially, ADM reported a solid first quarter in 2024 with a segment operating profit of $1,311 million, despite challenging market conditions. Our robust balance sheet and strategic initiatives like the Green Bison JV and BioSolutions, along with productivity enhancements, position us for continued growth. ADM has also been recognized for its efforts in sustainability, as reflected in our recent accolades in the World Changing Ideas Awards.
Learn more at www.adm.com.
ADM has priced its inaugural sustainable bond at
ADM's Ag Services & Oilseeds president, Greg Morris, and head of Investor Relations, Vikram Luthar, will participate in a fireside chat at the Bank of America 2022 Global Agriculture and Materials conference on March 3 in Fort Lauderdale, Florida. They will discuss ADM’s transformation, ongoing strategic execution, and positive outlook for 2022, aiming for earnings of $6-$7.00 per share by 2025. The event will be streamed live at 9:30 a.m. Eastern Time.
ADM has unveiled its alternative protein outlook, forecasting growth to $125 billion by 2030. The company identifies seven emerging trends shaping this market, including the rise of novel protein sources, fermentation-as-a-service, and kid-friendly product formats. Innovations in plant-based products are expected to meet consumer demand for health-forward options. With over 60 global innovation centers, ADM is uniquely positioned to support brands in capitalizing on these opportunities, ensuring a sustainable food supply chain for the future.
ADM's Board of Directors declared a cash dividend of 40.0 cents per share, an 8.1% increase from the previous quarter. This marks the 361st consecutive quarterly payment and showcases ADM's commitment to shareholder value. The dividend will be paid on March 1, 2022, to shareholders of record by February 8, 2022. The announcement follows a successful Global Investor Day, where ADM outlined its strategic plans and strong 2022 outlook, reinforcing a history of over 40 years of annual dividend growth.
ADM reported record full-year net earnings of $2.7 billion for 2021, with adjusted net earnings reaching $2.9 billion. The company experienced a 34% increase in segment operating profit. Fourth quarter EPS was $1.38, up from $1.22 in 2020, with adjusted EPS at $1.50. The board announced an 8% increase in quarterly dividends, reflecting strong performance and strategic alignment with growth in food security and sustainability. ADM expects to continue this momentum into 2022, aiming for an EPS target of $6.00-$7.00.
ADM will announce its financial results for Q4 2021 on January 25, 2022, before market open. A slide presentation will be available for download simultaneously. The company plans to host a webcast at 8 a.m. Central Time to discuss these results and provide updates. Investors can access both the webcast and the downloadable presentation through www.adm.com/webcast. This session will also be available for replay for an extended period.
Wolf Carbon Solutions and ADM have signed a Letter of Intent to develop a carbon dioxide pipeline to further decarbonize ADM's operations. The 350-mile pipeline will transport up to 12 million tons of CO2 annually from ADM's facilities in Clinton and Cedar Rapids to a sequestration site in Decatur, Illinois. This initiative aims to enhance ESG commitments and carbon reduction efforts, showcasing ADM's leadership in the low carbon transition and its substantial experience in CO2 sequestration.
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