Archer Daniels Midland Company
ADM
ISIN US0394831020 / Valor 908597
Archer Daniels Midland Company
UMushroom community rating:
About company
Archer Daniels Midland Company (ADM) stands as a global powerhouse in the nutrition sector, focusing on a wide array of products and services for both human and animal nutrition. With its headquarters in Chicago, Illinois, ADM operates on an international scale, linking agricultural production to consumers across six continents. The company specializes in converting natural crops into a diverse range of ingredients and solutions tailored for foods, beverages, and dietary supplements, catering to a global clientele. Additionally, ADM extends its expertise to the animal nutrition domain, offering comprehensive solutions and services for livestock, aquaculture, and pet care. Demonstrating its significant market presence, ADM reported net sales of $64 billion in 2020, underscoring its pivotal role in the global food and nutrition industry.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (20.08.2024):
Net Earnings
Archer Daniels Midland Company reported net earnings of $486 million for the second quarter of 2024. This figure represents a significant performance metric, reflecting the company's profitability during this period.
Adjusted Segment Operating Profit
For the second quarter of 2024, Archer Daniels Midland Company's adjusted segment operating profit was $1,021 million. This marks a 37% decrease compared to the same period in the previous year, indicating challenges in maintaining profit margins.
Earnings Per Share
Archer Daniels Midland Company reported earnings per share (EPS) of $0.98 on a GAAP basis for the second quarter of 2024. Adjusted EPS was slightly higher at $1.03, showcasing the company's efforts to manage earnings despite market conditions.
Ag Services & Oilseeds Performance
The Ag Services & Oilseeds segment of Archer Daniels Midland Company saw a significant decline in operating profit, down 56% to $459 million in the second quarter of 2024. This was primarily due to lower margins and higher logistics costs in South America.
Carbohydrate Solutions Growth
Archer Daniels Midland Company's Carbohydrate Solutions segment reported an operating profit of $357 million for the second quarter of 2024, a 12% increase from the previous year. This growth was driven by strong starches and sweeteners margins and higher ethanol export demand.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
25424 M
Market cap (USD)
989,911
Daily traded volume (Shares)
53.62 / 52.89
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Markus Amstutz
EQUITIES OF THE SAME SECTOR
