ADM Q2 EPS $1.70 ($1.89 adj.); raises FY2023 earnings outlook

Archer-Daniels-Midland Co

2023-Q2 EPS reported $3.82 revenue$49,262,000,000

Net earnings $0.9B, adjusted net earnings $1.0B; adjusted EPS $1.89 vs $2.15 YoY.
Segment operating profit $1,525M ($1,628M adj.); Ag Services $1,054M, Carbohydrate Solutions $303M, Nutrition $185M.
Repurchased $1B of shares in H1 2023.
Raising full-year 2023 earnings expectations on strong H1 and confidence in H2.
Trailing four-quarter average adjusted ROIC of 13.8%.

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 0.95

Archer-Daniels-Midland Co reported Second Quarter 2023 results: net income Net earnings of $0.9 billion, EPS Earnings per share (as reported) $1.70. Guidance raised.

Period: Second Quarter 2023
Net income: Net earnings of $0.9 billion
EPS: Earnings per share (as reported) $1.70
Guidance: raised
Result: reported results

Exact text from the filing

ADM Reports Second Quarter Earnings per Share of $1.70, $1.89 on an Adjusted Basis • Net earnings of $0.9 billion, adjusted net earnings of $1.0 billion • Trailing four-quarter average adjusted ROIC of 13.8% • Repurchased $1 billion of shares through first half of 2023

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Archer-Daniels-Midland Co filing history →

Source: SEC EDGAR

accession 0000007084-23-000024

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.