ADM Q1 2024 Earnings Report
Key Takeaways
ADM's first quarter results showed a decrease compared to the prior year, with adjusted EPS at $1.46. The company is driving key strategic initiatives across the business and remains confident in its full-year guidance.
Segment operating profit was $1,311 million, and adjusted segment operating profit was $1,317 million.
The trailing four-quarter average adjusted return on invested capital (ROIC) was 11.2%.
Strategic initiatives are being implemented, including the Green Bison JV ramp-up and scaling regenerative agriculture and BioSolutions efforts.
Actions to reduce supply chain complexity and better serve customers in Nutrition led to sequential quarterly improvement in operating profit.
ADM
ADM
ADM Revenue by Segment
Forward Guidance
ADM continues to expect adjusted earnings per share in the range of $5.25 to $6.25 for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income