ADM Q4 GAAP EPS $1.06, down 42% YoY; full-year adj. EPS $6.98; announces $2B buyback

Archer-Daniels-Midland Co

Q4 GAAP EPS $1.06, down 42% vs 4Q22; adjusted EPS $1.36, down 30%.
Full-year GAAP EPS $6.43, down 17% vs FY22; adjusted EPS $6.98, down 11%.
Segment operating profit $1,235M GAAP ($1,399M adj.), down 23%/16% YoY.
Full-year adjusted segment operating profit $6,244M, down 6% YoY.
Board authorizes additional $2B share repurchase; trailing ROIC 12.2%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Archer-Daniels-Midland Co updated its the quarter and full year ended December 31, 2023 guidance (initiated).

Period: the quarter and full year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

ADM (NYSE: ADM) today reported financial results for the quarter and full year ended December 31, 2023. Full-Year 2023 Highlights • Segment operating profit of $5,900 million, adjusted segment operating profit 1 of $6,244 million

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Source: SEC EDGAR

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