Archer Daniels Midland (ADM) misses earnings, revenue consensus estimates

ADM Provides Update on Audit Committee Led Investigation

March 12, 2024 7:01 AM EDT

No Impact on Consolidated Financial Results

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) today provided an update with respect to the internal investigation led by the Audit Committee of its Board of Directors regarding certain accounting practices and procedures with respect to ADMs Nutrition reporting segment, including as related to certain intersegment sales. The investigation was initially disclosed in January 2024.

Our strong commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which the Audit Committee has conducted its internal... More

ADM Reports Fourth Quarter Earnings and Full-Year 2023 Results; Provides 2024 Guidance

March 12, 2024 7:00 AM EDT

Full-Year Reported EPS of $6.43, Adjusted EPS1 of $6.98

Announces Additional $2 Billion in Share Repurchases

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE: ADM) today reported financial results for the quarter and full year ended December 31, 2023.

Full-Year 2023 Highlights

Segment operating profit of $5,900 million, adjusted segment operating profit1 of $6,244 million Trailing four-quarter average adjusted return on invested capital (ROIC)1 of 12.2%

Board Chair and CEO Juan Luciano commented, ADMs results speak to the resiliency of our business. Supported by our unparalleled global footprint... More

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mobileye, BioVie, ADM, and B. Riley and Encourages Investors to Contact the Firm

March 9, 2024 11:30 PM EST

NEW YORK, March 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Mobileye Global Inc. (NASDAQ: MBLY), BioVie Inc. (NASDAQ: BIVI), Archer-Daniels-Midland Company (NYSE: ADM), and B. Riley Financial, Inc. (NASDAQ: RILY). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

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