secwatch.observer — SEC 8-K summary
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Issuer:     Archer-Daniels-Midland Co (ADM)
CIK:        0000007084
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0000007084-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7084/000000708424000010/0000007084-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7084/000000708424000010/adm-20240312.htm
  HTML page:      https://secwatch.observer/filing/0000007084-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer