Welcome to our dedicated page for Archer Daniels Midland Company news (Ticker: ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland Company 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.
On April 15, 2021, 8 Rivers Capital and ADM announced plans for a zero emissions Allam-Fetvedt cycle power plant, Broadwing Clean Energy Complex, in Decatur, Illinois, generating 280 MW of clean power. The facility will utilize ADM's carbon capture technology, aiming for a final investment decision in 2022 and operations by 2025. This project represents over half a billion dollars in investment and could create over a thousand jobs, while displacing over 1 million tons of CO2 annually. The initiative emphasizes affordable, sustainable clean energy, aligning with net-zero emissions goals by 2050.
ADM (NYSE: ADM) will announce its Q1 2021 financial results on April 27, 2021, before market open. Alongside the results, a slide presentation will be accessible for download. A webcast is scheduled for 8 a.m. Central Time on the same day to discuss the financial outcomes and provide an update on the company's performance. Investors can access the webcast and download the presentation via www.adm.com/webcast. This event marks a key opportunity for stakeholders to gauge the company's financial health.
ADM (NYSE: ADM) has nominated Ted Colbert, President and CEO of Global Services at Boeing, for election to its Board of Directors at the Annual Stockholders’ Meeting on May 6, 2021. Chairman and CEO Juan Luciano praised Colbert's extensive experience in business performance and technology, emphasizing the board's diverse expertise that aligns with ADM's strategic vision. ADM is recognized for its commitment to diversity and inclusion in board leadership, enhancing its position as a global nutrition leader.
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of 'a-' for Agrinational Insurance Company and ADM Insurance Company, with a stable outlook. These ratings reflect a strong balance sheet, adequate operating performance, and effective enterprise risk management. The affirmation considers strong risk-adjusted capitalization amid elevated leverage metrics. Additionally, ADM Insurance Group benefits from the support of its parent, Archer Daniels Midland Company, enhancing its capacity to meet global insurance needs.
ADM (NYSE: ADM) has unveiled a new Policy to Protect Forests, Biodiversity and Communities, revising its 2015 policy to enhance sustainable practices in its supply chains. The company aims to eliminate deforestation by 2030 and achieve full traceability of its soy sourcing in South America by the end of 2022. The policy emphasizes conservation of water resources, reducing greenhouse gas emissions, and supporting agriculture for sustainable development. ADM is also committed to collaboration, highlighted by its involvement in multi-stakeholder initiatives like the Palm Oil Collaboration Group.
ADM (NYSE: ADM) is collaborating with the Financial Times for an online panel discussion titled The Future of Food is Now focused on the transformation of global food systems. Scheduled for March 16 at 9 a.m. U.S. Central Time, the event will address consumer trends, ESG strategies, and EU policies influencing food systems. Notable speakers include Ray Young, CFO of ADM, and Jennifer Morris, CEO of The Nature Conservancy, among others. This free event aims to explore sustainability strategies and investment priorities shaping the food industry in 2021 and beyond.
ADM (NYSE: ADM) will present at the Bank of America 2021 Global Agriculture & Materials Conference on March 3 at 2 p.m. ET. CFO Ray Young will lead a fireside chat during this event. Interested participants can tune in via a live webcast available at www.adm.com/webcast, with a replay accessible for a limited time thereafter. ADM is dedicated to unlocking nature's power for global nutrition through innovative solutions and sustainability commitments.
ADM’s Board of Directors has announced a cash dividend of 37.0 cents per share, marking a 2.78% increase from the previous quarter’s dividend of 36.0 cents. This dividend is set to be paid on March 2, 2021, to shareholders recorded by Feb. 9, 2021. This declaration represents ADM's 357th consecutive quarterly payment and continues its impressive record of 89 years of uninterrupted dividends. As of December 31, 2020, ADM had 556,104,261 shares of common stock outstanding.
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