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ADM's Board of Directors has declared a cash dividend of 50.0 cents per share, marking an approximately 11% increase from the previous quarter. The dividend is payable on Feb. 29, 2024, to shareholders of record on Feb. 8, 2024. This marks ADM's 369th consecutive quarterly payment, totaling over 92 years of uninterrupted dividends. As of Dec. 31, 2023, there were 513,612,404 shares of ADM common stock outstanding.
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1.3%
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New Heritage Capital successfully exits investment in Revela Foods, acquired by ADM to expand flavor ingredient solutions. Revela develops dairy flavor ingredients with rapid growth driven by innovative enzyme technology. It has approximately 400 employees and operates three state-of-the-art production facilities in the U.S. Midwest.
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0.61%
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ADM appoints Ismael Roig as interim CFO as Vikram Luthar is placed on administrative leave pending an investigation into accounting practices. The company expects to delay its earnings release and conference call relating to fourth quarter and full year 2023 financial results. ADM also withdraws its forward-looking outlook for the Nutrition reporting segment due to the ongoing investigation.
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-24.2%
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ADM successfully ships 2.4 million bushels of traceable soybeans from the U.S. to Europe, with plans to expand the program to other North American locations in 2024. The company aims to achieve 100% deforestation-free supply chains by 2025 and is committed to supporting farmers and their businesses. The program utilizes cutting-edge technology and aims to provide greater value and preference for participating farmers' crops.
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-0.66%
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Fuerst Day Lawson Limited (FDL) has entered into a definitive agreement to sell all of its outstanding shares to ADM (NYSE: ADM), a premier global human and animal nutrition company. FDL, a leading ingredient solutions provider, specializes in natural taste and nutrition solutions for various product types and global end-markets. The transaction is subject to customary closing conditions.
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2.21%
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ADM (NYSE:ADM) has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems. FDL is projected to have $120 million in sales in 2023 and has a strong presence in the $900 billion European foodservice channel.
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2.21%
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ADM (NYSE:ADM) announced the acquisition of Revela Foods, a Wisconsin-based developer of dairy flavor ingredients, with projected sales of almost $240 million in 2023. The acquisition aims to add new capabilities to ADM’s global flavors portfolio in the $1.8 billion global dairy flavors segment, as well as the $3.2 billion savory flavors segment. Revela's innovative enzyme technology powers a broad range of clean-label dairy flavor formulations for various applications. The acquisition is expected to strengthen ADM's presence in the North America savory flavors segment and expand its offerings to customers.
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-4.5%
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ADM (NYSE:ADM) is expanding its business in Brazil with a series of investments, including the addition of 400,000 metric tons of crush capacity per year across three facilities and the successful acquisition of Buckminster Química to meet growing demand for sustainably sourced products.
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-0.66%
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ADM (NYSE:ADM) issued its inaugural annual Regenerative Agriculture Report, highlighting its global efforts, including definitions, enrollments, outcomes, and future goals. The report outlines ADM's principles of regenerative agriculture, partnerships with downstream customers, technology partners, and conservation organizations, as well as its direct financial support for farmers and initiatives to bring more value to farmers.
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-1.16%
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ADM launches regenerative agriculture program in Brazil, aiming for 120,000 hectares by 2027
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0.81%
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About ADM
for more than a century, the people of archer daniels midland company (nyse: adm) have transformed crops into products that serve the vital needs of a growing world. today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. with a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. learn more at www.adm.com.