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Sep 30, 2022

ADM Q3 2022 Earnings Report

ADM reported strong third-quarter earnings, driven by robust global demand and effective management of dynamic market conditions.

Key Takeaways

ADM reported strong Q3 2022 results with adjusted EPS of $1.86, reflecting the team's expertise in managing dynamic market conditions and the benefits of the integrated global value chain. The company is well-positioned to end 2022 strong and carry momentum into 2023.

Q3 2022 EPS as reported was $1.83, including charges related to impairments and restructuring, gains from asset sales, and adjustments on the Wilmar exchangeable bond.

Adjusted EPS was $1.86, excluding the aforementioned items.

Segment operating profit was $1,559 million.

Ag Services & Oilseeds delivered substantially higher year-over-year results, driven by short crops in South America and strong crushing margins.

Total Revenue
$24.7B
Previous year: $20.3B
+21.4%
EPS
$1.86
Previous year: $0.97
+91.8%
Effective Tax Rate
16%
Gross Profit
$1.81B
Previous year: $1.33B
+36.6%
Cash and Equivalents
$1.1B
Previous year: $1.08B
+1.5%
Free Cash Flow
$3.68B
Previous year: $2.56B
+43.9%
Total Assets
$36.4B
Previous year: $52.3B
-30.3%

ADM

ADM

ADM Revenue by Segment

Forward Guidance

ADM is well positioned to end 2022 strong and carry that momentum into 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income