ADM Q1 EPS $2.12 ($2.09 adjusted); segment profit $1.72B up 12% YoY

Archer-Daniels-Midland Co

2023-Q1 EPS reported $2.12 revenue$24,072,000,000

Net earnings $1.2B; diluted EPS $2.12 (reported) vs $1.86 Q1 2022; adjusted EPS $2.09 vs $1.90.
Ag Services & Oilseeds segment operating profit $1.21B, up 20% from $1.01B YoY.
Carbohydrate Solutions profit $273M (-14% YoY); Nutrition profit $145M (-23% YoY).
Trailing four-quarter average adjusted ROIC of 14.0%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Archer-Daniels-Midland Co reported quarter ended March 31, 2023 results: net income $1.2 billion, EPS $2.12.

Period: quarter ended March 31, 2023
Net income: $1.2 billion
EPS: $2.12
Result: reported results

Exact text from the filing

ADM Reports First Quarter Earnings per Share of $2.12, $2.09 on an Adjusted Basis • Net earnings of $1.2 billion, adjusted net earnings of $1.2 billion • Trailing four-quarter average adjusted ROIC of 14.0% CHICAGO, April 25, 2023—ADM (NYSE: ADM) today reported financial results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000007084-23-000014

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