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Dec 31, 2019
ADM Q4 2019 Earnings Report
ADM reported a solid fourth quarter, with adjusted EPS of $1.42, including a $0.61 impact from the biodiesel tax credit.
Key Takeaways
ADM reported fourth-quarter earnings of $0.90 per share, or $1.42 per share on an adjusted basis, which includes a $0.61 per share impact from the retroactive biodiesel tax credit. The company's industry-leading solutions portfolio, combined with business improvements, Readiness, and growth investments, give confidence for 2020 and beyond.
Net earnings of $504 million
Reported and adjusted earnings and EPS inclusive of $0.61 per share impact of retroactive biodiesel tax credit for 2018 and 2019
Ag Services & Oilseeds results were higher year over year, and included approximately $270 million net operating profit impact from the passage of the biodiesel tax credit (BTC) for 2018 and 2019.
Nutrition results were substantially higher year over year.
Revenue by Segment
Forward Guidance
ADM expects market conditions to improve as the year progresses, particularly as impacts from the U.S.-China Phase 1 trade deal take hold. More importantly, another year of expected 20-plus percent growth in Nutrition profitability, combined with our work to improve business performance, advance Readiness, and harvest our growth investments, give us confidence in strong results in 2020 and the years to come.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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