Workflow
ADM(ADM)
icon
Search documents
ADM(ADM) - 2024 Q2 - Quarterly Results
2024-07-30 14:52
Exhibit 99.1 ADM Reports Second Quarter 2024 Results, Affirms Full-Year EPS Guidance Reported EPS of $0.98, Adjusted EPS of $1.03 1 CHICAGO, July 30, 2024—ADM (NYSE: ADM) today reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 Highlights • Net earnings of $486 million, adjusted net earnings of $508 million • Earnings before taxes of $596 million, segment operating profit of $1,014 million, adjusted segment operating profit of $1,021 million • Trailing four-quarter average r ...
Archer Daniels Midland (ADM) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2024-07-30 13:16
Archer Daniels Midland (ADM) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.26%. A quarter ago, it was expected that this agribusiness giant would post earnings of $1.35 per share when it actually produced earnings of $1.46, delivering a surprise of 8.15%.Over the last four quart ...
ADM(ADM) - 2024 Q2 - Earnings Call Presentation
2024-07-30 12:45
Second Quarter 2024 Earnings Conference Call July 30, 2024 Proprietary business information of ADM. Proprietary business information of ADM. This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact included in this release, are forward-looking statements. You can identify forward-looking statements by the fact that they do not re ...
Stay Ahead of the Game With ADM (ADM) Q2 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2024-07-29 14:21
Wall Street analysts expect Archer Daniels Midland (ADM) to post quarterly earnings of $1.23 per share in its upcoming report, which indicates a year-over-year decline of 34.9%. Revenues are expected to be $23.24 billion, down 7.8% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a c ...
Why the Market Dipped But Archer Daniels Midland (ADM) Gained Today
ZACKS· 2024-07-24 23:05
The most recent trading session ended with Archer Daniels Midland (ADM) standing at $62.65, reflecting a +0.69% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 2.32%. Elsewhere, the Dow saw a downswing of 1.25%, while the tech-heavy Nasdaq depreciated by 3.64%.Prior to today's trading, shares of the agribusiness giant had gained 2.59% over the past month. This has outpaced the Consumer Staples sector's gain of 1% and the S&P 500's gain of 1.79% in that time.Ana ...
Archer Daniels (ADM) Gears Up for Q2 Earnings: Things to Note
ZACKS· 2024-07-24 15:35
Archer Daniels Midland Company (ADM) is slated to report second-quarter 2024 results on Jul 30 before market open. The company is likely to report bottom and top-line declines when it posts the quarterly results.The Zacks Consensus Estimate for the company’s earnings is pegged at $1.29 per share, which indicates a decrease of 31.8% from the year-ago quarter’s reported figure. The consensus mark has fallen 3.7% in the past 30 days. For revenues, the consensus mark is pegged at $23.2 billion, implying a 7.8% ...
Archer Daniels Midland (ADM) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-22 23:21
Archer Daniels Midland (ADM) closed the most recent trading day at $64.15, moving -0.06% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.08%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 1.58%.Prior to today's trading, shares of the agribusiness giant had gained 4.63% over the past month. This has outpaced the Consumer Staples sector's gain of 1.82% and the S&P 500's gain of 0.43% in that time.The upcoming earnings release of Archer Dan ...
3 Dividend Growth Stocks to Buy Now: Q3 Edition
Investor Place· 2024-07-17 18:18
As we navigate through Q3 of 2024, all major indexes continue to set new record highs on an almost weekly basis. During this bullish rally, discovering high-quality dividend growth stocks that still trade at reasonable valuations has become increasingly challenging. Still, not all stocks have kept pace with the broader market’s ascent. Many quality names have lagged, creating potential opportunities for investors looking to generate growing income.In this article, I will highlight three dividend growth stoc ...
Earnings Preview: Archer Daniels Midland (ADM) Q2 Earnings Expected to Decline
ZACKS· 2024-07-16 15:07
Wall Street expects a year-over-year decline in earnings on lower revenues when Archer Daniels Midland (ADM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the ...
ADM Hires 3M CFO Amid Government Investigation
Investopedia· 2024-07-10 20:02
Key Takeaways - Archer Daniels Midland (ADM) hired Monish Patolawala, the former CFO of 3M, as its new CFO, effective August 1 [1][2] - Patolawala's appointment comes as ADM faces a U S government investigation into accounting irregularities, including Justice Department subpoenas of its employees [1] - ADM's shares rose 0 7% following the announcement, while 3M's shares increased by about 1% [1] Previous ADM CFO Resignation - ADM's former CFO, Vikram Luthar, was placed on administrative leave in January and resigned in April following an internal investigation into the company's nutrition division [2] - The investigation was initiated after a voluntary document request by the SEC, leading ADM to revise six years of financial data in March [2] Patolawala's Background and Compensation - Patolawala's departure from 3M was anticipated by analysts after the company appointed Bill Brown as CEO in March [2] - At ADM, Patolawala will receive an initial annual base salary of $1 425 million [2] - Prior to 3M, Patolawala spent over two decades at General Electric, including five years as CFO of GE Healthcare, and currently serves on the board of Biogen [2]