ADM discloses investigation into intersegment sales; expects adjusted EPS above $6.90

Archer-Daniels-Midland Co

Investigating intersegment sales and accounting; sales do not materially affect overall results.
Expects full-year 2023 adjusted EPS above $6.90, second best result in company history.
Board declares cash dividend of $0.50 per share, upholding dividend growth commitment.
Q4 2023 leverage (adjusted net debt to EBITDA) expected similar to Q3 2023 healthy levels.
Strong balance sheet and cash flow position reiterated; 2024 priorities include safety and execution.

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