Welcome to our dedicated page for Archer Daniels Midland Co news (Ticker: ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland Co stock.
Archer Daniels Midland Company (ADM) is a global leader in agricultural processing and commodity trading, transforming crops into essential food, feed, and industrial products. This page serves as a comprehensive resource for ADM-related news, offering investors and industry professionals timely updates on corporate developments and market activities.
Access the latest press releases, earnings reports, and strategic announcements from one of the world's largest agricultural supply chain managers. Our curated collection ensures you stay informed about ADM's operational milestones, sustainability initiatives, and innovations in nutrition solutions without promotional bias.
Key coverage areas span quarterly financial results, supply chain expansions, partnership announcements, and industry leadership updates. The content reflects ADM's role in global food security, renewable energy projects, and agricultural technology advancements.
Bookmark this page for direct access to verified ADM news sources, enabling efficient tracking of market-moving developments. Check back regularly for objective reporting on how ADM navigates commodity markets, environmental commitments, and evolving consumer demands across 140+ countries.
ADM (NYSE: ADM) has appointed Carrie Nichol as Vice President and Chief Accounting Officer, effective March 1. Nichol will report to Executive Vice President and CFO Monish Patolawala, overseeing external and management accounting, reporting processes, internal control functions, and insurance and risk management.
Nichol brings over 20 years of finance and accounting experience, joining from Cargill where she served as Senior VP, Chief Accounting Officer and Global Process Leader. She succeeds Molly Strader Fruit, who will transition to a new role as VP of Total Rewards and HR Operations.
Prior to Cargill, Nichol was VP, Controller and Chief Accounting Officer at Zimmer Biomet. She started her career at KPMG LLP and holds a bachelor's degree in business management from Widener University and an MBA in Finance from Villanova University.
ADM (NYSE: ADM) has announced it will release its fourth quarter 2024 financial results before market opening on Tuesday, February 4, 2025. The company will accompany the release with a downloadable slide presentation and host a webcast at 9 a.m. Central Time to discuss the results and provide updates. The webcast and presentation materials will be accessible at www.adm.com/webcast, where a replay will also be available for an extended period.
ADM (NYSE: ADM) announced its Board of Directors has extended and expanded its share repurchase program. The program, which originally authorized the purchase of 100 million shares between 2015-2019, was first extended to 2024 and increased to 200 million shares in 2019. Now, it has been further extended to December 31, 2029, with an additional authorization of 100 million shares, bringing the total program authorization to 300 million shares. Currently, 114,764,049 shares remain available for future repurchases. The timing and number of shares to be repurchased will be determined at the company's discretion.
ADM reported third quarter 2024 financial results with net earnings of $18 million and adjusted net earnings of $530 million. The company recorded a non-cash impairment charge of $461 million related to its Wilmar equity investment. Earnings per share were $0.04, with adjusted EPS of $1.09, both down versus prior year. Total segment operating profit was $1,037 million, down 28%. Year-to-date cash flows from operations were $2,468 million. The company completed its financial restatement with no impact on consolidated results for 2023 and first/second quarters of 2024. ADM maintains full-year 2024 adjusted EPS guidance of $4.50-$5.00.
ADM (NYSE: ADM) has announced its 372nd consecutive quarterly cash dividend of 50.0 cents per share on common stock. The dividend will be paid on December 12, 2024, to shareholders of record as of November 21, 2024. This marks over 93 years of uninterrupted dividend payments by the company. As of September 30, 2024, ADM had 478,531,782 outstanding shares of common stock.
ADM (NYSE: ADM) has elected David R. McAtee II, AT&T's Senior Executive Vice President and General Counsel, to its Board of Directors. McAtee, who has served as AT&T's worldwide General Counsel since 2015, brings extensive experience in government regulation, strategic planning, and data security. His expertise includes governance, M&A, finance, supply chain, compliance, and shareholder engagement. ADM's Chair and CEO Juan Luciano highlighted McAtee's critical perspective and experience as valuable assets for ADM's future development.
ADM reported preliminary Q3 2024 results with net earnings of $18 million and adjusted net earnings of $530 million. The company announced a $461 million non-cash charge related to Wilmar equity investment. Earnings per share were $0.04, with adjusted EPS of $1.09. ADM will restate its FY2023 10-K and subsequent 10-Qs due to intersegment sales issues, though these restatements are not expected to materially impact consolidated results. The company lowered its full-year 2024 adjusted EPS guidance to $4.50-$5.00, citing market demand slowdown and operational challenges.
ADM (NYSE: ADM) will release its third quarter financial results for 2024 on Nov. 5, 2024, before the market opens. The company will also provide a slide presentation available for download. A webcast to discuss the results and provide a company update will be hosted at 9 a.m. Central Time. To access the webcast and the slide presentation, visit www.adm.com/webcast. A replay of the webcast will be available for an extended period.
ADM (NYSE: ADM) has announced its participation in the 2024 Barclays Global Consumer Staples Conference in Boston. The event is scheduled for Tuesday, September 3, with ADM's presentation set for 2:45 p.m. CDT. Juan Luciano, Chair of the Board and CEO, along with Monish Patolawala, Chief Financial Officer, will be representing the company.
Investors and interested parties can access a live broadcast of the presentation on ADM's website at www.adm.com/webcast. For those unable to attend or watch live, a replay of the presentation will be available for a time on the same webpage.
ADM and Farmers Business Network (FBN) have launched Gradable, a joint venture to expand their technology platform for sustainable and regenerative agriculture. The platform tracks farming practices, enabling farmers to earn rewards and buyers to identify sustainably produced grain. Gradable currently has over 20,000 farmer users across 12 million acres, scoring 200 million bushels of corn and soybeans annually. It facilitates $30 million in incentives for sustainable practices yearly.
The 50-50 joint venture aims to expand Gradable's reach, serving partners throughout the grain supply chain. It will expand across ADM's facilities in the U.S. and Canada, increase commercial partnerships, and help meet global demand for sustainable food, feed, fuel, and industrial products. ADM's regenerative agriculture efforts enrolled 2.8 million acres last year, highlighting the growing importance of sustainable farming practices.
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