For the quarter ended September 2024, Archer Daniels Midland (ADM) reported revenue of $19.94 billion, down 8.1% over the same period last year. EPS came in at $1.09, compared to $1.63 in the year-ago quarter.The reported revenue represents a surprise of -3.36% over the Zacks Consensus Estimate of $20.63 billion. With the consensus EPS estimate being $1.26, the EPS surprise was -13.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Archer Daniels Midland (ADM) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.49%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.23 per share when it actually produced earnings of $1.03, delivering a surprise of -16.26%.Over the last four qua ...

Earnings and Profitability - Net earnings expected to be $18 million, with adjusted net earnings of $530 million[2] - Earnings per share expected to be $0.04, with adjusted earnings per share of $1.09[2] - Adjusted net earnings for Q3 2024 were $530 million, with adjusted EPS of $1.09[33] - Adjusted net earnings for the nine months ended September 30, 2024, were $1.788 billion, with adjusted EPS of $3.61[33] - Adjusted earnings per share guidance lowered to $4.50 to $5.00 for full year 2024[25] - Net earnings for the four quarters ended September 30, 2024, totaled $1,798 million[39] Return on Invested Capital (ROIC) - Trailing four-quarter average ROIC of 6.6%, adjusted ROIC of 8.8%[2] - Adjusted ROIC for the trailing four quarters ended September 30, 2024, was 8.8%[35] - Total adjusted ROIC earnings for the trailing four quarters ended September 30, 2024, were $2.876 billion[35] - Total adjusted invested capital for the trailing four quarters ended September 30, 2024, was $32.794 billion[36] Cash Flows and Operating Activities - Year-to-date cash flows from operating activities expected to be $2.468 billion[2] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $2,468 million[40] - Cash flows from operations before working capital for the nine months ended September 30, 2024, was $2,341 million[40] Segment Performance - Ag Services and Oilseeds segment operating profit down 43% to $480 million[10] - Carbohydrate Solutions segment operating profit down 3% to $452 million[16] - Nutrition segment operating profit down 19% to $105 million[18] Impairment and Restructuring Charges - Impairment and restructuring charges for Q3 2024 were $500 million after tax[33] - Impairment and restructuring charges for the nine months ended September 30, 2024, were $523 million after tax[33] - Impairment and restructuring charges and contingency provisions for the four quarters ended September 30, 2024, were $701 million[39] Tax Adjustments - Tax adjustments for Q3 2024 were $13 million[33] - Tax adjustments for the nine months ended September 30, 2024, were $30 million[33] - Income tax expense for the four quarters ended September 30, 2024, was $563 million[39] Other Expenses - Interest expense for the four quarters ended September 30, 2024, was $483 million[39] - Depreciation and amortization for the four quarters ended September 30, 2024, was $1,131 million[39] - Railroad maintenance expense for the four quarters ended September 30, 2024, was $71 million[39] - Expenses related to acquisitions for the four quarters ended September 30, 2024, were $5 million[39] Adjusted EBITDA - Adjusted EBITDA reconciliation for the trailing four quarters ended September 30, 2024, is provided[38] - Adjusted EBITDA for the four quarters ended September 30, 2024, was $4,706 million[39] Non-Cash Charges and Restatements - Non-cash charge of $461 million related to Wilmar equity investment[5] - Restatement of fiscal year 2023 Form 10-K and subsequent Forms 10-Q due to intersegment sales errors[6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 1-44 ARCHER-DANIELS-MIDLAND COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0129150 (Stat ...

Q3 Revenues Increased 12% Year over Year, Up 13% Year to DateTrialing Twelve Month Revenue $5.7 MillionNew Facility Under Construction Appraised at $13 MillionFort Worth, Texas--(Newsfile Corp. - November 14, 2024) - Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors (OTCQB: ADMQ) ("ADM" or the "Company"), announces its financial results for the three- and nine-months ended September 30, 2024. Unless otherwise stated, all dollar amounts are in U.S. dollars. The Company's 10-Q can be acc ...

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Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:Albemarle Corporation (ALB) is an engineered specialty chemicals company. The Zacks Consensus Estimate for its current year earnings has been revised 106.1% downward over the last 60 days.Archer-Daniels-Midland Company (ADM) is an agricultural commodities and ingredients company. The Zacks Consensus Estimate for its current year earnings has been revised 5.7% downward over the last 60 days.Antero Resources Corporation (AR) is an inde ...

The agriculture giant is expecting weaker profitability for its recently completed third quarter, and cut its bottom-line guidance for 2024.Archer Daniels Midland (ADM -5.97%) -- also known as ADM -- had some news to report after the market closed Monday, and investors didn't find it comforting. They traded out of the stock assertively on Tuesday, bidding it down by about 6% through the close of the session. That did not compare well to the S&P 500 index's gain of more than 1% for the day.Preliminary result ...

Key TakeawaysArcher-Daniels-Midland said it will again restate results as it has discovered more concerns about its accounting practices. The company also canceled a conference call with analysts after releasing a preliminary third quarter earnings report that showed profit well below estimates.CEO Juan Luciano blamed softer than anticipated market conditions and the speed of ADM's improvement efforts. Shares in Archer-Daniels-Midland (ADM) sank as the maker of agricultural commodities canceled an earnings ...

Archer Daniels Midland Company (ADM) has been going through a tough phase for some time now. The company has been witnessing sluggishness across its Ag Services & Oilseeds (AS&O) unit for a while. In addition, lower pricing, foreign exchange headwinds and a challenging operating landscape have been acting as deterrents. ADM has announced preliminary results for the third quarter of 2024.More on ADM’s Preliminary ResultsManagement highlighted that the Nutrition business witnessed lower-than-expected results, ...