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Archer Daniels Midland Co (ADM)

ADM on New York Consolidated

41.27USD
18 Aug 2017
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$-0.40 (-0.96%)
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Latest Key Developments (Source: Significant Developments)

Archer Daniels Midland sets cash dividend of $0.32 per share
Thursday, 3 Aug 2017 11:00am EDT 

Aug 3 (Reuters) - Archer Daniels Midland Co ::Sets cash dividend of $0.32 per share.  Full Article

Archer Daniels expects $80 mln -$100 mln restructuring charges
Tuesday, 1 Aug 2017 05:06pm EDT 

Aug 1 (Reuters) - Archer Daniels Midland Co :Archer Daniels Midland - expect to record restructuring, impairment charges of about $80 million to $100 million pre-tax related to actions announced in Q3.Archer Daniels Midland - on July 31, co announced change to U.S. salaried employee defined benefit pension plan - SEC filing.Archer Daniels Midland - effective December 31, 2021, the accrued pension benefits of active traditional formula plan participants will be frozen.Archer Daniels Midland - company will be undertaking a pension plan remeasurement in the third quarter of 2017.Archer Daniels - in Q2, independent third party issued confidential decision resolving matter related to sale of co's cocoa processing business.Archer Daniels - during Q2, co adjusted its reserve and paid Olam full and final amount determined by the independent third party.  Full Article

ADM reports Q2 earnings per share $0.48
Tuesday, 1 Aug 2017 07:00am EDT 

Aug 1 (Reuters) - Archer Daniels Midland Co : :Adm reports second quarter earnings of $0.48 per share, $0.57 per share on an adjusted basis.Q2 adjusted earnings per share $0.57.Q2 earnings per share $0.48.Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Archer Daniels Midland Co - Q2 revenue $14,943​ million versus $ 15,629 million last year.Archer Daniels Midland Co qtrly oilseeds processing operating profit $‍206​ million versus $235 million.Archer Daniels Midland Co - ‍"Ahead Of Pace to meet our 2017 target of $225 million in run-rate savings"​.Archer Daniels Midland - Q2 ‍EPS as reported includes a $0.04 per share charge related to asset impairments, restructuring and settlement activities​.Archer daniels midland co - weak margins in both global soybean crush and south american origination impacted crushing and origination results​ in q2.Archer Daniels Midland Co - qtrly agricultural services operating profit $109 million versus $57 million last year.  Full Article

ADM reports Q2 EPS $0.48
Tuesday, 1 Aug 2017 07:00am EDT 

Aug 1 (Reuters) - Archer Daniels Midland Co :Adm reports second quarter earnings of $0.48 per share, $0.57 per share on an adjusted basis.Q2 adjusted earnings per share $0.57.Q2 earnings per share $0.48.Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Q2 revenue $ ‍14,943​ million versus $ 15,629 million last year.Archer Daniels midland co qtrly oilseeds processing operating profit $‍206​ million versus $235 million.‍"Ahead of pace to meet our 2017 target of $225 million in run-rate savings"​.Q2 ‍EPS as reported includes a $0.04 per share charge related to asset impairments, restructuring and settlement activities​.Weak margins in both global soybean crush and South American origination impacted crushing and origination results​ in Q2.Qtrly agricultural services operating profit $109 million versus $57 million last year.  Full Article

ADM Animal Nutrition recalls Rough-N-Ready cattle feed
Friday, 23 Jun 2017 05:47pm EDT 

June 23 (Reuters) - Archer Daniels Midland Co -:ADM Animal Nutrition - recalls rough-n-ready cattle feed because product contains elevated levels of monensin beyond recommended dosage.ADM Animal Nutrition says received reports from two customers claiming feed may have resulted in death loss on their respective farms.ADM Animal Nutrition - initiated recall upon confirmation that feed contained elevated levels of monensin due to temporary breakdown in packaging process.ADM Animal Nutrition - ADM has been in direct contact with distributors involved in recall, all product has been removed from retail shelves.  Full Article

ADM to end production at wheat mill in Chicago when new mill in Illinois is operational
Friday, 2 Jun 2017 10:00am EDT 

June 2 (Reuters) - Archer Daniels Midland Co ::ADM to construct new flour mill in Illinois.New facility will have a daily milling capacity of 30,000 cwts, and ability to grind soft and hard wheat varieties.New facility targeted to begin operations in mid-2019.When new facility is fully operational, co intends to end production at its current wheat mill in Chicago.  Full Article

ADM says reached an agreement to buy controlling interest in Israeli co Industries Centers
Monday, 8 May 2017 07:30am EDT 

May 8 (Reuters) - Archer Daniels Midland Co :Adm expands destination marketing footprint with acquisition of majority stake in israeli merchandiser.Archer daniels midland co- reached an agreement to purchase a controlling interest in industries centers, an israeli company.Archer daniels midland co- transaction is subject to regulatory approval in israel; adm anticipates completing deal in coming months.  Full Article

Archer Daniels Midland sets cash dividend of $0.32 per share
Thursday, 4 May 2017 11:35am EDT 

May 4 (Reuters) - Archer Daniels Midland Co ::Sets cash dividend of $0.32 per share.Ten incumbent directors were also re-elected at annual meeting.  Full Article

ADM sees good U.S. ethanol exports continuing, led by Brazil
Tuesday, 2 May 2017 10:20am EDT 

May 2 (Reuters) - Archer Daniels Midland Co :CEO Juan Luciano says expects U.S. ethanol exports to remain strong in Q2, led by good Brazilian demand.ADM CEO Luciano sees U.S. domestic ethanol demand at about 14.5 billion gallons in 2017, exports at 1.1-1.3 billion.ADM CEO Luciano says will continue to analyze global trade office costs and redundancies, but most of restructuring is done.  Full Article

Archer Daniels Midland Q1 adj EPS $0.60
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Archer Daniels Midland Co :Adm reports first quarter earnings of $0.59 per share, $0.60 per share on an adjusted basis.Q1 adjusted earnings per share $0.60 excluding items.Q1 earnings per share $0.59.Archer daniels midland co - q1 revenue $14,988 million versus $14,384 million.Q1 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.Q1 revenue view $15.09 billion -- Thomson Reuters I/B/E/S.Archer daniels midland co - qtrly agricultural services operating profit $81 million versus $75 million.Archer daniels midland co - qtrly oilseeds processing operating profit $ 313 million versus $ 260 million.  Full Article

Singapore's Wilmar posts Q2 profit

SINGAPORE, Aug 10 Singapore's Wilmar International Ltd turned in a profit in the second quarter as its oilseeds and grains segment recovered from losses in the year-ago period, although the results were hurt by weaker tropical oils and sugar businesses.