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.
ADM (NYSE:ADM) recently released its third annual outlook on global consumer trends that will influence the food, beverage, and animal nutrition sectors. Highlighting eight key areas, the report emphasizes the convergence of health, sustainability, and food security, driving demand for innovation. Key trends include a significant rise in flexitarian diets, a focus on balanced wellness, personalized nutrition, and consumer demand for transparency and ethical practices. As companies adapt to these evolving preferences, ADM aims to lead in meeting these consumer expectations.
ADM reported strong Q3 2022 results, with net earnings approximating $1 billion and an adjusted EPS of $1.86, up from $0.97 in Q3 2021. The company achieved a segment operating profit of $1.56 billion, boosted by robust demand in Ag Services and Oilseeds, improving margins in Carbohydrate Solutions, and a 10% revenue growth in Nutrition. Despite challenges such as lower ethanol margins and fulfillment issues, ADM forecasts strong performance heading into 2023, backed by productivity initiatives and capital returns to shareholders.
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ADM will release its third-quarter financial results on October 25, 2022, before market opening. 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. The company highlights its role as a leader in nutrition and sustainability, focusing on innovative plant-based solutions to address global food security.
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ADM (NYSE: ADM) celebrates its 120th anniversary, highlighting its evolution from a linseed oil business to a global leader in agriculture and nutrition. Founded in 1902 in Minneapolis, ADM now employs 41,000 people and operates in nearly 200 countries. The company emphasizes its commitment to sustainability and innovation, led by CEO Juan Luciano. To mark this milestone, ADM conducted a Fight Hunger Challenge, resulting in a donation of 1.2 million meals in partnership with major food relief organizations. For more details, visit here.
ADM and PepsiCo have entered a remarkable 7.5-year partnership to promote regenerative agriculture across North America. This initiative aims to enroll corn, soy, and wheat farmers in states like Kansas and Iowa by 2030, impacting up to 2 million acres. The collaboration intends to reduce greenhouse gas emissions by 1.4 million metric tons, equivalent to powering 275,000 homes for a year. Both companies emphasize sustainability, with ADM targeting a 25% reduction in Scope 3 emissions by 2035, aligning with PepsiCo's goal of spreading regenerative practices across 7 million acres.
ADM Chairman and CEO Juan Luciano will speak at the 2022 Barclays Consumer Staples Conference in Boston on September 7, at 3:45 p.m. EDT. The event will be streamed live on www.adm.com/webcast, with a replay available thereafter. ADM is a global leader in human and animal nutrition, focused on sustainability and the development of innovative solutions to enhance quality of life and food security.
ADM has announced a strategic partnership with New Culture, an innovator in animal-free dairy, to enhance the development and commercialization of alternative dairy products. This collaboration aims to leverage New Culture's breakthroughs in dairy alternatives, specifically their animal-free mozzarella, to tap into the $70 billion U.S. dairy market. The partnership will utilize ADM's extensive resources to accelerate production and meet consumer demand in the food service sector, starting with pizzerias in 2023.
ADM and LG Chem announced two joint ventures focused on producing lactic acid and polylactic acid in Decatur, Illinois. The joint ventures aim to fulfill the surging demand for plant-based products, specifically targeting eco-friendly bioplastics. The first venture, GreenWise Lactic, plans to produce 150,000 tons of lactic acid annually, while the second, LG Chem Illinois Biochem, aims for 75,000 tons of polylactic acid. The final investment decisions are expected in 2023, with production anticipated to start by late 2025 or early 2026.