Archer-Daniels-Midland Co.
ADM Reports Lowered Earnings for Q4 2024 and Full Year 2024
Summary
Archer-Daniels-Midland Company (ADM) reported a decline in earnings for the fourth quarter and full year of 2024. The company reported GAAP earnings per share of $1.17 for Q4 and $3.65 for the full year, both down compared to the prior year. Adjusted earnings per share were $1.14 for Q4 and $4.74 for the full year, also lower than the previous year. ADM provided guidance for 2025, anticipating adjusted earnings per share between $4.00 and $4.75, and announced targeted actions to deliver between $500 and $750 million in cost savings over the next 3-5 years. The company also declared a cash dividend of $51.0 cents per share, marking its 93rd consecutive year of uninterrupted dividends.
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About Archer-Daniels-Midland Co.
Archer-Daniels-Midland Co. is a global food processing and commodities trading corporation. Its primary function is to procure, transport, store, process, and merchandize a wide variety of agricultural products. Notably involved in the production of oilseeds, corn, wheat, and cocoa, the company plays a critical role in creating essentials like food and animal feed ingredients, renewable fuels, and other industrial products. Archer-Daniels-Midland impacts sectors such as agriculture, energy, and nutrition. Additionally, it emphasizes sustainable practices, focusing on responsible production and supply chain management. Established in 1902, the company has grown to become a significant player in the agricultural industry, with operations spanning over various continents, fortifying its market significance by ensuring food security and supporting energy alternatives like ethanol. Archer-Daniels-Midland serves a broad array of customers, including food manufacturers and industrial processors, by converting natural products into key ingredients and solutions, thus driving forward the global food supply chain.
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