Archer Daniels Midland Company reports developments tied to its role as a global agricultural supply chain manager, commodity processor, grain merchandiser, and provider of human and animal nutrition ingredients. Recurring updates cover quarterly and annual results, segment performance in Nutrition and agricultural processing activities, guidance, bio-based solutions, and market conditions affecting crops, oilseeds, corn, wheat, sweeteners, starches, ethanol, and biofuels.
ADM news also includes cash dividend declarations on its common stock, board and governance changes, sustainability and ethics recognition, farmer-resilience partnerships, and investor conference appearances. Company announcements often connect its processing and logistics network with food security, nutrition, agricultural markets, and the bioeconomy.
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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.
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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.
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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.
ADM’s Board of Directors has announced a cash dividend of 40.0 cents per share, payable on December 7, 2022, to shareholders of record on November 16, 2022. This marks ADM's 364th consecutive quarterly payment, showcasing a remarkable record of 91 years of uninterrupted dividends. As of September 30, 2022, ADM had 549,334,177 shares of common stock outstanding.