earnings
confidence high
sentiment negative
materiality 0.60
ADM Q3 net earnings $18M ($0.04 EPS); restates FY2023 without impact
Archer-Daniels-Midland Co
2024-Q3 EPS reported
$2.48
revenue$64,032,000,000
- Q3 net earnings $18M, adjusted net earnings $530M; adjusted EPS $1.09, down versus prior year.
- $461M non-cash charge related to Wilmar equity investment impacted GAAP earnings.
- Restated FY2023 10-K and Q1/Q2 2024 10-Q; no impact on consolidated results.
- YTD cash from operations $2.5B vs $1.9B; cash from ops before working capital $2.3B vs $3.8B prior year.
- Management expects softer market conditions into next year; focusing on productivity and operational excellence.