ADM reported strong first quarter earnings, supported by the resilience of its people and the strength of its business model amidst the challenges of the COVID-19 pandemic. The company is focused on supporting its colleagues and advancing its strategy while managing the negative impacts of the pandemic.
Net earnings of $391 million.
Strong quarter-end balance sheet with cash and cash equivalents of $4.7 billion.
Ag Services & Oilseeds delivered strong results that were in line with the year-ago period.
Nutrition results were once again substantially higher year over year.
ADM is confident in its ability to navigate the challenges posed by the COVID-19 pandemic and continue delivering nutrition around the globe.
Visualization of income flow from segment revenue to net income