Welcome to our dedicated page for Archer Daniels Midland Company news (Ticker: ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland Company stock.
For over a century, Archer Daniels Midland Company (NYSE: ADM) has been a pivotal force in transforming crops into essential products that meet the growing needs of our world. As one of the largest global agricultural processors and food ingredient providers, ADM employs more than 33,000 people and operates in over 140 countries. Our expansive value chain includes 460+ crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers, and the world’s leading crop transportation network.
ADM processes oilseeds, corn, wheat, and other agricultural commodities and is a leading grain merchandiser. We also excel in human and animal nutrition, producing corn-based sweeteners, starches, and ethanol. Our recent recall of several animal feed products highlights our commitment to safety and quality.
We are innovators, advancing in health and well-being with groundbreaking plant-based solutions, and sustainability efforts aimed at decarbonizing entire value chains. Our strategic partnership with Solugen to create a new biomanufacturing facility underscores our commitment to sustainable solutions. Additionally, ADM's regenerative agriculture program, which exceeded 2.8 million acres in 2023, is set to expand further, showcasing our dedication to environmental stewardship.
Financially, ADM reported a solid first quarter in 2024 with a segment operating profit of $1,311 million, despite challenging market conditions. Our robust balance sheet and strategic initiatives like the Green Bison JV and BioSolutions, along with productivity enhancements, position us for continued growth. ADM has also been recognized for its efforts in sustainability, as reflected in our recent accolades in the World Changing Ideas Awards.
Learn more at www.adm.com.
ADM (NYSE: ADM) is collaborating with the Financial Times for an online panel discussion titled The Future of Food is Now focused on the transformation of global food systems. Scheduled for March 16 at 9 a.m. U.S. Central Time, the event will address consumer trends, ESG strategies, and EU policies influencing food systems. Notable speakers include Ray Young, CFO of ADM, and Jennifer Morris, CEO of The Nature Conservancy, among others. This free event aims to explore sustainability strategies and investment priorities shaping the food industry in 2021 and beyond.
ADM (NYSE: ADM) will present at the Bank of America 2021 Global Agriculture & Materials Conference on March 3 at 2 p.m. ET. CFO Ray Young will lead a fireside chat during this event. Interested participants can tune in via a live webcast available at www.adm.com/webcast, with a replay accessible for a limited time thereafter. ADM is dedicated to unlocking nature's power for global nutrition through innovative solutions and sustainability commitments.
ADM’s Board of Directors has announced a cash dividend of 37.0 cents per share, marking a 2.78% increase from the previous quarter’s dividend of 36.0 cents. This dividend is set to be paid on March 2, 2021, to shareholders recorded by Feb. 9, 2021. This declaration represents ADM's 357th consecutive quarterly payment and continues its impressive record of 89 years of uninterrupted dividends. As of December 31, 2020, ADM had 556,104,261 shares of common stock outstanding.
ADM reported robust financial results for Q4 and the fiscal year ending December 31, 2020, with adjusted EPS of $1.21, compared to $1.42 in 2019. The company achieved a segment operating profit of $1.1 billion, with significant contributions from Ag Services and Oilseeds, which surpassed $2 billion in profits. Nutrition saw a 37% increase in operating profit. ADM anticipates continued growth in 2021 driven by strong demand and operational excellence.
ADM (NYSE: ADM) will announce its fourth-quarter financial results on January 26, 2021, before market opening. The company will host a webcast at 8 a.m. Central Time to discuss these results and provide updates. A slide presentation will be accessible for download during this time. ADM emphasizes its commitment to sustainability and innovation in the nutrition industry, serving both human and animal markets globally, and positioning itself as a leader in agricultural origination and processing.
ADM (NYSE: ADM) has announced it will cease production of dry lysine in the first half of 2021, shifting its focus to liquid and encapsulated lysine products. The decision comes as global industry capacity for dry lysine has outpaced demand. President Pierre Joseph Paoli emphasized their commitment to meeting evolving customer needs with innovative products and superior service. Notably, ADM has been collaborating with swine and poultry feed producers to facilitate this transition, including the launch of NutriPass L, an advanced encapsulated lysine solution aimed at enhancing animal nutrition.
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