ADM Q3 adjusted EPS $1.63, segment profit $1.49B; raises FY outlook

Archer-Daniels-Midland Co

2023-Q3 EPS reported $5.35 revenue$70,957,000,000

GAAP EPS $1.52, adjusted EPS $1.63; net earnings $0.8B, adjusted $0.9B.
Ag Svcs & Oilseeds segment profit $848M (down from $1.075B); Carbohydrate Solutions $460M (up from $309M).
Nutrition segment profit $138M (down from $177M); Flavors growth cited as strong.
Raises full-year earnings outlook citing solid YTD performance and constructive H2 expectations.

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 quarter ended September 30, 2023 results: net income Net earnings of $0.8 billion, adjusted net earnings of $0.9 billion, EPS $1.52, $1.63 on an Adjusted Basis. Guidance raised.

Period: quarter ended September 30, 2023
Net income: Net earnings of $0.8 billion, adjusted net earnings of $0.9 billion
EPS: $1.52, $1.63 on an Adjusted Basis
Guidance: raised
Result: reported results

Exact text from the filing

ADM Reports Third Quarter Earnings per Share of $1.52, $1.63 on an Adjusted Basis • Net earnings of $0.8 billion, adjusted net earnings of $0.9 billion

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Source: SEC EDGAR

accession 0000007084-23-000037

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