Archer-Daniels-Midland Q3 Earnings Top Estimates

  • Archer-Daniels-Midland Co ADM reported third-quarter FY21 sales growth of 34.5% year-on-year, to $20.3 billion, beating the analyst consensus of $17.9 billion.
  • Revenues from Ag Services and Oilseeds rose 36% Y/Y, Carbohydrate Solutions increased 38.8%, and Nutrition climbed 16.9%.
  • The gross profit increased 27.3% Y/Y to $1.3 billion with a margin of 6.5%.
  • The Segment operating margin was 4.9%, and Segment operating income for the quarter rose 10.6% to $1 billion.
  • Adjusted EPS of $0.97 beat the analyst consensus of $0.89.
  • The company held $1.1 billion in cash and equivalents as of September 30, 2021.
  • Looking ahead, the company said it remains optimistic in sustainable earnings growth in the medium term.
  • Price Action: ADM shares are trading lower by 1.73% at $65.48 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!