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.
ADM will participate in the Bank of America 2023 Global Agriculture and Materials Conference in Fort Lauderdale, Florida, on Wednesday, March 1. A live fireside chat featuring Greg Morris, president of Ag Services & Oilseeds, is scheduled for 9:30 a.m. EST. The session will be available for live streaming at www.adm.com/webcast, with a replay accessible for a limited time afterward.
ADM is a leader in human and animal nutrition and sustainability, focusing on innovative plant-based solutions. The company aims to address global food security and sustainability challenges through its extensive agricultural supply chain.
ADM reported strong Q4 2022 results, with net earnings of $1.0 billion and adjusted earnings of $1.1 billion. The company achieved an adjusted EPS of $1.93, up from $1.50 in Q4 2021. Full-year adjusted EPS stood at $7.85, with segment operating profit at $6.6 billion. Notably, ADM raised its quarterly dividend by 12.5% to $0.45 per share, marking 50 consecutive years of dividend increases. ADM’s Cash from operations reached $5.3 billion, allowing continued investments. However, Carbohydrate Solutions results were notably lower year-over-year despite strong overall performance in Nutrition and Ag Services.
ADM will release its financial results for Q4 2022 before the market opens on January 26, 2023. A slide presentation will be available for download, and a webcast discussing the results will take place at 8 a.m. Central Time. Investors can access the webcast and presentation via www.adm.com/webcast. This event highlights the company's focus on transparency and shareholder communication.
ADM has been recognized by Computerworld as a 2023 Best Places to Work in IT, highlighting its commitment to providing excellent benefits and career development opportunities for IT staff. The award is based on a thorough survey assessing various workplace categories, vetted by industry experts. Chief Information Officer Kristy Folkwein stated that the award reflects ADM's focus on a rewarding workplace culture. This recognition aligns with trends in the industry emphasizing diversity and evolving workplace models, ultimately benefiting ADM's overall business environment.
ADM, in partnership with Keurig Dr Pepper, PepsiCo, and Practical Farmers of Iowa, has received the 2022 Collaboration of the Year Award from Field to Market for their project supporting Nebraska farmers. This initiative, initiated in 2021, aimed to enhance resiliency through cover cropping. The project exceeded its goal by planting over 15,000 acres of cover crops, which improve soil health and prevent erosion. ADM is committed to sustainability and reducing Scope 3 emissions through active collaboration with growers and partners.
FAQ
What is the current stock price of Archer Daniels Midland Company (ADM)?
What is the market cap of Archer Daniels Midland Company (ADM)?
What does Archer Daniels Midland Company (ADM) do?
How many countries does ADM operate in?
What recent achievements has ADM made?
What products does ADM process?
What are ADM's current projects?
How did ADM perform financially in the first quarter of 2024?
What sustainability initiatives is ADM involved in?
How many employees does ADM have?
What are some of ADM's recent news highlights?
Where can I find more information about ADM?
