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ADM Posts Q3 Results

10/27/2021

In an October 26th release, Archer-Daniel-Midland Company (ADM) reported on the third quarter of fiscal 2021 ending September 30th. For the period, the company earned $526 million on total revenue of $20,340 million with an EPS of $0.93.  For the comparable Q3 of fiscal 2020, ADM earned $225 million on total revenue of $15,126 million with an EPS of $0.40.  Net revenue increased by 34.4 percent and EPS by 132 percent

 

In commenting on results, Juan Luciano. Chairman and CEO stated “Agile execution across our tightly integrated supply chain amid an environment of strong demand and robust crush margins, and continued impressive growth in the Nutrition Segment , drove our eighth consecutive quarter of year-over-year adjusted operating profit growth,” He added “Our team’s great ability to leverage the favorable operating environment, and the consistent implementation of our strategic plan, have put ADM on track for a strong fourth quarter culminating in a second consecutive year of record earnings per share. And as we look ahead, we remain optimistic in sustainable earnings growth in the medium term as we continue to execute our strategy, including the dynamic positioning of our business portfolio.”

 

ADM posted assets of $34,617 million with long-term debt of $8,620 million.  Market capitalization is $36.1 billion.  During the past fifty-two weeks, AMD has traded in a range of $45.68 to $69.30 with a fifty-day moving average of $62.15. On a trailing twelve-month basis, operating margin was 3.5 percent and profit margin, 3.3 percent.  The Company has generated returns of 4.4 percent on assets and 12.6 percent on equity.