Archer-Daniels-Midland Q2 Earnings Top Estimates

Archer-Daniels-Midland Q2 Earnings Top Estimates
  • Archer-Daniels-Midland Co ADM reported second-quarter FY22 sales growth of 19% year-on-year to $27.28 billion, beating the consensus of $25.16 billion.
  • Adjusted EPS of $2.15 beat the analyst consensus of $1.71.
  • Revenues from Ag Services and Oilseeds rose 17.3% Y/Y, Carbohydrate Solutions increased 33%, and Nutrition climbed 15.6%.
  • Gross profit increased 43.5% Y/Y to $2.1 billion with a margin of 7.7%.
  • Segment operating margin was 6.7%, and Segment operating income for the quarter rose 60.7% to $1.8 billion.
  • The company held $7.6 billion in cash and equivalents as of June 30, 2022.
  • Price Action: ADM shares traded higher by 3.16% at $78.01 on the last check Tuesday.

Posted In: BriefsEarningsNews