Archer Daniels Midland Co - ADM STOCK NEWS

ADM reported robust financial results for Q2 2021, with earnings per share of $1.26 and adjusted EPS of $1.33, compared to $0.84 and $0.85 in Q2 2020, respectively. Segment operating profit surged to $1,145 million from $813 million year-over-year. Notable growth was seen in Ag Services & Oilseeds, Carbohydrate Solutions, and Nutrition, with the latter's profit growth revised to 20% for the year. Despite some pressures from high commodity prices and timing effects, ADM's diversified business model showcases resilience and strong recovery momentum, positioning the company for sustained growth.

Global nutrition leader ADM has announced its agreement to acquire Sojaprotein, a prominent European non-GMO soy ingredients provider. Founded in 1977, Sojaprotein reported over $100 million in sales in 2020 and supplies products to 65 countries across various sectors. This acquisition aligns with ADM's strategy to enhance its alternative protein capabilities, a segment projected to grow from $10 billion to $30 billion in the next decade. The transaction awaits regulatory approvals.

ADM (NYSE: ADM) will announce its second-quarter financial results on July 27, 2021, prior to market opening. A slide presentation will accompany the report and will be available for download. Additionally, the company will host a webcast at 8 a.m. Central Time to discuss the results and provide updates. Investors can access the webcast and the presentation at www.adm.com/webcast. A replay will also be available after the event.

ADM Ventures, the venture capital division of ADM (NYSE: ADM), has partnered with the Genesis Consortium to support startups using biology for human and planetary health. This collaboration aims to accelerate the commercial launch of sustainable innovations, including recent partnerships with companies like Air Protein and Spiber. According to ADM’s Chief Strategy and Innovation Officer, Ian Pinner, this alliance facilitates the development of new products that address global challenges while meeting consumer needs. The Genesis Consortium enhances the support for early-stage life science startups through resources and networking.

ADM (NYSE: ADM) will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 9. Chief Financial Officer Ray Young is set to engage in a fireside chat at 12:20 p.m. Central Time. The event will be accessible via live webcast on the ADM website, with a replay available shortly after. ADM is a leader in global nutrition, focusing on sustainable products that address nutritional challenges. The company is recognized for its agricultural origination and processing capabilities.

ADM (NYSE: ADM) will participate in the dBAccess Global Consumer Conference on June 7. The event features a fireside chat with key executives, Vince Macciocchi and Ian Pinner, starting at 11 a.m. Central Time. This presentation highlights ADM's commitment to innovation and sustainability in global nutrition. Interested parties can access the live webcast at www.adm.com/webcast. A limited-time replay will also be available.

ADM (NYSE: ADM) and the University of Illinois have successfully completed the Illinois Basin - Decatur Project (IBDP), a pioneering carbon capture and storage (CCS) initiative. Funded by the U.S. Department of Energy, this project demonstrates the capability of the Mt. Simon Sandstone to store up to one million metric tons of CO2. This achievement aligns with ADM's Strive 35 sustainability goals, aiming for a 25% reduction in greenhouse gas emissions by 2025. Over 3.4 million metric tons of CO2 have been stored across two projects, part of a larger effort to combat climate change.

ADM (NYSE:ADM) has been recognized for the second consecutive year in 3BL Media's 100 Best Corporate Citizens ranking, acknowledging the company's commitment to environmental, social, and governance (ESG) transparency among the top 1,000 U.S. public companies. CEO Juan Luciano highlighted ADM's focus on sustainability and access to nutrition despite challenges. The ranking is based on analysis of 146 ESG factors across eight pillars, researched by ISS ESG. This demonstrates ADM's proactive citizenship and alignment with global sustainability goals.

ADM (NYSE: ADM) announced plans to build North Dakota's first dedicated soybean crushing plant and refinery in Spiritwood, ND. The $350 million facility will process 150,000 bushels of soybeans daily, meeting the increasing demand for renewable diesel and other products. Completion is expected before the 2023 harvest. Alongside this, ADM will invest $25 million to enhance refining and storage in Quincy, Illinois, to align with its crushing capacity. This initiative aims to support local farmers and contribute to climate-friendly agriculture.