Archer Daniels Midland (ADM) Tops Q2 EPS by 25c

Archer Daniels Midland (NYSE: ADM) reported Q2 EPS of $1.02, $0.25 better than the analyst estimate of $0.77. Revenue for the quarter came in at $17.07 billion versus the consensus estimate of $15.45 billion.

“Our team executed exceptionally well to deliver outstanding results in the second quarter,” said ADM Chairman and CEO Juan Luciano.

“We continue to accelerate the execution of our strategic plan — optimizing our core, driving efficiencies, and expanding strategically — generating more than $150 million in run-rate savings, announcing three acquisitions in Nutrition, and closing on two new joint ventures overseas. Our actions, combined with robust global demand, position us to navigate today’s dynamic business environment and deliver strong results in the second half of 2018, and put us on a trajectory for continued future growth in earnings, returns and shareholder value.

“We are proud of the results we are delivering, committed to our continued improvement and growth, and confident about ADM’s future.”

For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.

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