Archer Daniels Midland Co Stock Price, News & Analysis

ADM has appointed Megan Britt as the new vice president of Investor Relations. With over 20 years of experience in the food and agriculture sectors, Britt previously held similar roles at Tyson Foods and Corteva Agriscience. Chief Financial Officer Vikram Luthar emphasized the importance of Britt's expertise in sharing ADM's growth story with investors. ADM is focused on aligning its portfolio with major growth trends in the industry while continuing to drive shareholder value.

ADM reported strong financial results for Q2 2022, achieving net earnings of approximately $1.2 billion and an adjusted EPS of $2.15. This reflects a solid year-over-year performance, with segment operating profit reaching $1.84 billion, a significant increase from $1.14 billion in the previous year. Noteworthy segments include Ag Services and Oilseeds, which saw profits more than double. The company anticipates continued strong demand, projecting robust earnings for the second half of 2022 and plans to accelerate share repurchases of about $1 billion.

ADM partners with FBN to offer the Gradable® platform, enhancing farm business management and sustainability solutions for 55,000 farmers in North America. This agreement leverages ADM's extensive grain-buying capabilities and FBN's digital technology to boost profitability and support regenerative agriculture practices. Farmers will gain access to a comprehensive digital toolkit for managing contracts, verifying sustainable practices, and tapping into capital for regenerative initiatives. This initiative aims to advance sustainable production and support new markets for low-carbon grain.

ADM (NYSE: ADM) will release its financial results for Q2 2022 before the market opens on July 26, 2022. A slide presentation will accompany the results, available for download. The company will host a webcast at 8 a.m. Central Time to discuss the results and provide updates. ADM is a leader in nutrition and sustainability, developing innovative solutions in human and animal nutrition while managing a robust agricultural supply chain.

ADM, a leader in nutrition, forecasts the human microbiome market to reach $9.1 billion by 2026. Insights from their Outside Voice platform reveal emerging consumer trends focused on prebiotics, probiotics, and postbiotics. Key findings show over half of global consumers recognize the gut-brain connection, and personalized nutrition solutions are becoming mainstream. ADM emphasizes the importance of innovation to support wellness through microbiome health, supported by partnerships with innovators like Nourished and Brightseed.

ADM has appointed Ron Bandler as Vice President and Treasurer, succeeding John Stott, who has moved to President of ADM Investor Services, Inc. Bandler brings over 32 years of experience within ADM, previously serving as Assistant Treasurer overseeing critical financial operations including foreign exchange and debt capital management. He holds a master's degree in international management from Thunderbird School of Global Management and a bachelor's degree in business from the University of Arizona.