ADM Q2 2024 Earnings Report
Key Takeaways
ADM reported solid results in Q2 2024, with net earnings of $486 million and adjusted EPS of $1.03. The company is making progress against its 2024 priorities and strategic initiatives, with improvements expected in crush and ethanol in the second half of the year.
Net earnings were $486 million, with adjusted net earnings of $508 million.
Earnings before taxes reached $596 million, with segment operating profit of $1,014 million and adjusted segment operating profit of $1,021 million.
The trailing four-quarter average return on invested capital (ROIC) was 8.9%, and the adjusted ROIC was 9.7%.
The company affirms its previously provided EPS guidance for the full year, expecting adjusted earnings per share in the range of $5.25 to $6.25.
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