Archer Daniels Midland (ADM) Raises Quarterly Dividend 12.5% to $0.45; 2.1% Yield
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ADM's earnings top forecasts on strong crush margins, buoyant demand
January 26, 2023 7:19 AM ESTBy Karl Plume
CHICAGO (Reuters) -Archer-Daniels-Midland Co on Thursday said robust soy crushing margins and hefty global demand for crops had propelled the U.S. grains merchant to a record fourth-quarter profit and would keep driving strong results in 2023.
The solid quarterly earnings highlighted how global crop merchants like ADM have weathered rising energy costs and supply chain disruptions such as lower Black Sea grain exports following Russia's invasion of Ukraine.
ADM reported a 46% operating... More
Archer Daniels Midland (ADM) Tops Q4 EPS by 28c
January 26, 2023 7:01 AM ESTArcher Daniels Midland (NYSE: ADM) reported Q4 EPS of $1.93, $0.28 better than the analyst estimate of $1.65. Revenue for the quarter came in at $26.23 billion versus the consensus estimate of $25.05 billion.
For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.
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