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Mar 31
ADM Q1 2025 Earnings Report
ADM reported Q1 2025 results with earnings aligned to expectations amid a difficult operating environment.
Key Takeaways
ADM posted a solid performance in Q1 2025 despite a significant year-over-year decline in profit metrics. The company reaffirmed its full-year EPS guidance while acknowledging it expects results at the lower end of the range.
Adjusted EPS of $0.70 and net income of $295 million reflected a sharp decline from the prior year.
Revenue fell to $20.175 billion, down from $21.847 billion in Q1 2024.
Ag Services & Oilseeds segment experienced a 52% drop in operating profit due to weak crushing margins and trade policy impacts.
Cash flow from operations was negative due to significant changes in working capital.
ADM
ADM
ADM Revenue by Segment
Revenue by Segment
Ag Services & Oilseeds Revenue
CapyFin.comCarbohydrate Solutions Revenue
CapyFin.comNutrition Revenue
CapyFin.comOther Business Revenue
CapyFin.com Forward Guidance
ADM reaffirmed its adjusted full-year EPS guidance range of $4.00 to $4.75 but expects to finish at the lower end due to continued macroeconomic uncertainty.
Positive Outlook
- Full-year EPS guidance reaffirmed.
- Cost-saving initiatives and operational realignments underway.
- Improved profitability in Nutrition segment.
- Strong ethanol performance in Vantage Corn Processors.
- Positive mark-to-market adjustments in refined products and crushing helped mitigate declines.
Challenges Ahead
- Significant profit decline in Ag Services & Oilseeds, especially Crushing subsegment.
- Lower cash flow from operations, at -$342 million.
- Trade and tariff uncertainties weighing on margins.
- Higher manufacturing and restructuring costs.
- Equity earnings from Wilmar dropped by 52% year-over-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income