earnings
confidence high
sentiment positive
materiality 0.75
ADM reports Q1 EPS $1.86 ($1.90 adjusted); expects FY2022 to exceed 2021
Archer-Daniels-Midland Co
2022-Q1 EPS reported
$1.86
revenue$23,650,000,000
- Q1 EPS as reported $1.86 vs $1.22 YoY; adjusted EPS $1.90 vs $1.39 YoY.
- Segment operating profit $1,539M, up 39% YoY; Ag Services & Oilseeds $1,008M.
- CEO cites tight supply from weak Canola crop, short South American harvest, Black Sea disruptions.
- Company expects 2022 results to exceed 2021 performance.
- Q1 net earnings about $1.1B; Nutrition segment profit $189M vs $154M YoY.