ADM Reports on Q3 of FY 2018

11/07/2018

In a press release dated November 6th Archer Daniel Midland Company (ADM) announced results for the 3rd Quarter of Fiscal 2018 ending September 30th 2018.

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

3rd Quarter Ending September 30th.

2018

2017

Difference (%)

Sales:

$15,800,000

$14,827,000

+6.6

Gross profit:

$1,058,000

$812,000

+30.3

Operating income:

$523,000*

$227,000

+130.4

Net Income

$536,000

$192,000

+179.2

Diluted earnings per share:

$0.94

$0.34

+176.4

Gross Margin (%)

6.7

5.5

+21.8

Operating Margin (%)

3.3

1.5

+120.0

Profit Margin (%)

3.4

1.3

+161.5

Long-term Debt:

$7,320,000

$6,608,000

+10.8

12 Months Trailing:

     

Return on Assets (%)

2.9

   

Return on Equity (%)

10.8

   

Operating Margin (%)

2.8

   

Profit Margin (%)

3.1

   

Total Assets

$29,138,000

$27,837,000

+4.7

Market Capitalization

$26,930,000

   

*Includes $196 million in non-recurring revenue from sale of assets and other sources

52-Week Range in Share Price: $38.59 to $52.07

Market Open Nov. 7th post release $47.68

Forward P/E: 13.3 Beta 0.7

The team delivered another strong quarter, capitalizing on robust global demand with good execution and great utilization of our global footprint," commented ADM Chairman and CEO Juan Luciano. He opined "For the last several years, through good conditions and bad, we've remained focused on serving our customers and delivering our strategic plan - optimizing our core, driving efficiencies, and expanding strategically. Now, as we look forward to 2019, we are continuing to enhance our earnings power, both through our growth investments and our Readiness initiative, which is beginning to drive fundamental changes in the way we run our company.

He concluded "Thanks to the team's great work and the growing benefits of our strategic actions, we expect a solid end to 2018, as well as continued momentum for growth in earnings and returns in 2019 and the years to follow."


















































































































































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