earnings
confidence high
sentiment positive
materiality 0.80
ADM reports record Q2 EPS of $1.26 ($1.33 adjusted); raises Nutrition OP growth outlook to 20%
Archer-Daniels-Midland Co
2021-Q2 EPS reported
$2.48
revenue$41,819,000,000
- Q2 net earnings $712M, adjusted net earnings $754M; EPS $1.26 as reported, $1.33 adjusted.
- Segment operating profit rose >40% YoY to $1,145M; all three units grew: Ag Svcs $570M, Carb Sol $383M, Nutrition $201M.
- Nutrition segment OP up 27% YoY; full-year OP growth expectation raised to 20%.
- ROIC improved to 9.7% from 8.1% a year ago.
- Management expects continued momentum in H2, delivering very strong full-year earnings.