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Archer Daniels Midland Co (ADM.N)

ADM.N on New York Stock Exchange

40.25USD
19 Jul 2019
Change (% chg)

$0.09 (+0.22%)
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Latest Key Developments (Source: Significant Developments)

FDA - VT Is Voluntarily Recalling 14,218 Cases Of 5 lb Unbleached All-Purpose Flour
Thursday, 13 Jun 2019 06:03pm EDT 

June 13 (Reuters) - FDA::FDA - IN COOPERATION WITH ADM MILLING CO, KING ARTHUR FLOUR OF NORWICH, VT IS VOLUNTARILY RECALLING 14,218 CASES OF 5 LB. UNBLEACHED ALL-PURPOSE FLOUR.FDA - KING ARTHUR FLOUR VOLUNTARILY RECALLING 14,218 CASES OF 5 LB. UNBLEACHED ALL-PURPOSE FLOUR DUE TO POTENTIAL PRESENCE OF ESCHERICHIA COLI BACTERIA.  Full Article

Archer Daniels Midland Reports Q1 Earnings Per Share Of $0.41
Friday, 26 Apr 2019 07:00am EDT 

April 26 (Reuters) - Archer Daniels Midland Co ::ADM REPORTS FIRST QUARTER EARNINGS OF $0.41 PER SHARE, $0.46 PER SHARE ON AN ADJUSTED BASIS.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.46 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.41.Q1 EARNINGS PER SHARE ESTIMATE $0.60 -- REFINITIV IBES DATA.EXTREME WEATHER CONDITIONS NEGATIVELY IMPACT SEGMENT OP BY APPROXIMATELY $60 MILLION IN QUARTER.EXPECTATION FOR STRONGER SECOND HALF, DRIVEN BY IMPROVED BUSINESS ENVIRONMENT." Q1 PROVED MORE CHALLENGING THAN INITIALLY EXPECTED,".QTRLY OILSEEDS PROCESSING ADJUSTED OPERATING PROFIT OF $341 MILLION VERSUS $349 MILLION.QTRLY ORIGINATION ADJUSTED OPERATING PROFIT OF $76 MILLION VERSUS $46 MILLION.ARCHER DANIELS MIDLAND SAYS IMPACTS FROM SEVERE WEATHER IN NORTH AMERICA WERE ON HIGH SIDE OF OUR INITIAL ESTIMATES IN QUARTER.ETHANOL INDUSTRY ENVIRONMENT LIMITED MARGINS IN QUARTER.PLANS TO REDUCE 2019 CAPITAL SPENDING BY 10 PERCENT, TO RANGE OF $0.8 TO $0.9 BILLION.QTRLY REVENUES $15,304 MILLION VERSUS $15,526 MILLION.ARCHER DANIELS MIDLAND SAYS "VERY ENCOURAGED" WITH NEW NEOVIA BUSINESS AND CREATION OF A GLOBAL ANIMAL NUTRITION PLATFORM.Q1 REVENUE VIEW $16.23 BILLION -- REFINITIV IBES DATA.ARCHER DANIELS MIDLAND - ANTICIPATED RESOLUTION OF U.S.-CHINA TRADE SITUATION, EXPECTED ACCELERATION OF SOYBEAN MEAL DEMAND, MAKES CO OPTIMISTIC FOR H2.ADM PLANS TO REPURPOSE ITS CORN WET MILL IN MARSHALL, MINNESOTA.COMPANY IS CREATING AN ETHANOL SUBSIDIARY.  Full Article

ADM Sees Severe Weather Disruptions To Have A Negative Pre-Tax Operating Profit Impact Of $50 Mln To $60 Mln For Q1
Monday, 25 Mar 2019 08:25am EDT 

March 25 (Reuters) - Archer Daniels Midland Co ::ARCHER DANIELS MIDLAND - RELEASED STATEMENT ON ITS WEBSITE REGARDING IMPACT OF EXTREME WINTER WEATHER IN Q1 ON NORTH AMERICAN OPERATIONS..ARCHER DANIELS MIDLAND SEES SEVERE WEATHER DISRUPTIONS TO HAVE A NEGATIVE PRE-TAX OPERATING PROFIT IMPACT TO ADM OF $50 MILLION TO $60 MILLION FOR Q1.  Full Article

Archer Daniels Midland Says CEO 2018 Compensation Was $19.6 Mln
Friday, 22 Mar 2019 07:45am EDT 

March 22 (Reuters) - Archer Daniels Midland Co ::ARCHER DANIELS MIDLAND CO SAYS CEO JUAN LUCIANO'S FY 2018 TOTAL COMPENSATION WAS $19.6 MILLION VERSUS $15.9 MILLION IN FY 2017 - SEC FILING.ARCHER DANIELS MIDLAND - FOR 2018, RATIO BETWEEN CHAIRMAN AND CEO’S ANNUAL TOTAL COMPENSATION TO ANNUAL TOTAL COMPENSATION OF MEDIAN EMPLOYEE IS 385:1.ARCHER DANIELS MIDLAND CO SAYS CFO RAY YOUNG'S FY 2018 TOTAL COMPENSATION WAS $7.5 MILLION VERSUS $6.0 MILLION IN FY 2017.  Full Article

ADM Says Nominated Lei Zhang Schlitz To Stand For Election To Board
Friday, 22 Mar 2019 07:45am EDT 

March 22 (Reuters) - Archer Daniels Midland Co ::ADM FURTHER STRENGTHENS BOARD WITH NEW NOMINEE, CREATION OF SUSTAINABILITY AND CORPORATE RESPONSIBILITY COMMITTEE.ARCHER DANIELS MIDLAND CO - TWO ADDITIONS TO ITS BOARD OF DIRECTORS..ARCHER DANIELS MIDLAND CO - NOMINATED LEI ZHANG SCHLITZ TO STAND FOR ELECTION TO BOARD AT COMPANY'S UPCOMING ANNUAL STOCKHOLDERS' MEETING.ARCHER DANIELS MIDLAND CO - DANIEL SHIH HAS INFORMED BOARD THAT HE WILL NOT SEEK RE-ELECTION AT ANNUAL STOCKHOLDERS' MEETING.  Full Article

ADM Directors Vote To Increase Cash Dividend
Tuesday, 5 Feb 2019 07:05am EST 

Feb 5 (Reuters) - Archer Daniels Midland Co ::ADM DIRECTORS VOTE TO INCREASE CASH DIVIDEND.ARCHER DANIELS MIDLAND CO - DECLARED A CASH DIVIDEND OF 35.0 CENTS PER SHARE ON COMPANY'S COMMON STOCK.ARCHER DANIELS MIDLAND CO - NEW DIVIDEND IS A 4.5 PERCENT INCREASE FROM LAST QUARTER'S DIVIDEND OF 33.5 CENTS PER SHARE..  Full Article

Flotek Industries To Sell Florida Chemical To ADM For $175 Mln
Friday, 11 Jan 2019 06:45am EST 

Jan 11 (Reuters) - Flotek Industries Inc ::FLOTEK INDUSTRIES TO SELL FLORIDA CHEMICAL TO ADM FOR $175 MILLION.FLOTEK INDUSTRIES INC - ANTICIPATES THAT TRANSACTION WILL HAVE A NEGLIGIBLE CASH TAX EFFECT.FLOTEK INDUSTRIES INC - INTENDS TO USE NET PROCEEDS TO PAY OFF ITS CREDIT FACILITY BALANCE OF APPROXIMATELY $50 MILLION.FLOTEK INDUSTRIES - CURRENTLY CONSIDERING INVESTING $20 MILLION TO $30 MILLION IN PREVIOUSLY IDENTIFIED ORGANIC GROWTH CAPITAL PROJECTS.FLOTEK INDUSTRIES - INTENDS TO ESTABLISH STRATEGIC CAPITAL COMMITTEE TO EVALUATE MANNER IN WHICH CO WILL DEPLOY REMAINING NET PROCEEDS FROM FCC SALE.  Full Article

ADM Reports Third Quarter Earnings Of $0.94 Per Share
Tuesday, 6 Nov 2018 07:00am EST 

Nov 6 (Reuters) - Archer Daniels Midland Co ::ADM REPORTS THIRD QUARTER EARNINGS OF $0.94 PER SHARE, $0.92 PER SHARE ON AN ADJUSTED BASIS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.92 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.94.Q3 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.IN QUARTER NORTH AMERICAN LIQUID SWEETENERS WERE NEGATIVELY IMPACTED BY HIGHER INPUT AND MANUFACTURING COSTS.QTRLY REVENUE $15,800 MILLION VERSUS $14,827 MILLION.QTRLY OILSEEDS ADJUSTED SEGMENT OPERATING PROFIT OF $349 MILLION VERSUS $113 MILLION.  Full Article

ADM Q2 Earnings Per Share $1.00
Tuesday, 31 Jul 2018 07:00am EDT 

July 31 (Reuters) - Archer Daniels Midland Co ::ADM REPORTS SECOND QUARTER EARNINGS OF $1.00 PER SHARE, $1.02 PER SHARE ON AN ADJUSTED BASIS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.02 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $1.00.Q2 EARNINGS PER SHARE VIEW $0.77 -- THOMSON REUTERS I/B/E/S.QTRLY OILSEEDS PROCESSING OPERATING PROFIT OF $341 MILLION VERSUS $201 MILLION.ARCHER DANIELS MIDLAND - QTRLY EPS AS REPORTED INCLUDES $0.03 PER SHARE CHARGE RELATED TO ASSET IMPAIRMENT AND RESTRUCTURING ACTIVITIES.QTRLY REVENUE $17,068 MILLION VERSUS $14,943 MILLION REPORTED LAST YEAR.Q2 REVENUE VIEW $15.45 BILLION -- THOMSON REUTERS I/B/E/S.SUPPLY DISRUPTIONS IN ARGENTINA AND BRAZIL LED TO STRONG GLOBAL DEMAND FOR U.S. COMMODITIES IN QUARTER.ARCHER DANIELS MIDLAND -CRUSHING AND ORIGINATION ACHIEVED Q2 RECORD IN CRUSH VOLUMES, AMID CONTINUED STRONG SOYBEAN MEAL DEMAND, ROBUST CRUSH MARGINS.QTRLY SOLID SPECIALTY AND REFINED OILS RESULTS WERE PARTIALLY OFFSET BY WEAKER RESULTS IN GOLDEN PEANUT AND TREE NUTS.ADM - IN SOUTH AMERICA, HIGH ORIGINATION VOLUMES & IMPROVED MARGINS, LARGELY DRIVEN BY AGGRESSIVE FARMER SELLING, ROBUST DEMAND FROM CHINA IN Q2.ADM - END OF EU SUGAR REGIME & DELAY IN IMPLEMENTATION OF QUOTAS IN TURKEY NEGATIVELY IMPACTED RESULTS IN EUROPEAN LIQUID SWEETENERS IN QUARTER.QTRLY FLOUR MILLING WAS IMPACTED BY NEGATIVE TIMING EFFECTS, AND LOWER VOLUMES IN CARIBBEAN OPERATIONS.GLOBALLY, STARCH VOLUMES AND DRY SWEETENER MARGINS WERE STRONG IN QUARTER.  Full Article

ADM Board Of Directors Nominates Aecom Chairman And CEO Michael S. Burke To Board
Friday, 23 Mar 2018 11:00am EDT 

March 23 (Reuters) - Archer Daniels Midland Co ::ADM BOARD OF DIRECTORS NOMINATES AECOM CHAIRMAN AND CEO MICHAEL S. BURKE TO BOARD.ARCHER DANIELS MIDLAND CO - ‍NOMINATED MICHAEL S. BURKE TO STAND FOR ELECTION TO BOARD AT SHAREHOLDERS' MEETING ON MAY 3.  Full Article

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ADM marries grain trading, oilseed units; second revamp in 14 months

CHICAGO Global grains trader Archer Daniels Midland Co said on Wednesday it will consolidate five business units into four in the company's second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits.