Archer-Daniels-Midland Q2 Earnings Top Estimates

by Shivani Kumaresan, Benzinga Staff Writer

July 26, 2022 12:57 PM | 1 min read | Make a Comment

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.

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