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Dec 31, 2022
ADM Q4 2022 Earnings Report
ADM delivered a very strong quarter, completing an outstanding year, and the strategic work done throughout 2022 has positioned it well for 2023 and beyond.
Key Takeaways
ADM reported strong Q4 2022 results, with adjusted EPS of $1.93. The company delivered net earnings of $1.0 billion and adjusted net earnings of $1.1 billion. ADM is increasing its quarterly dividend by 12.5% to $0.45 per share.
Q4 2022 EPS as reported of $1.84 includes a $0.10 per share charge related primarily to impairments, restructuring, and settlement contingencies; a $0.02 per share gain related to the sale of certain assets; and a $0.01 per share tax expense related to certain discrete items.
Ag Services & Oilseeds delivered substantially higher year-over-year results, with Crushing results more than double those of the prior-year period.
Carbohydrate Solutions results were substantially lower year over year, while the Starches and Sweeteners subsegment delivered much higher year-over-year results.
Nutrition delivered revenue growth of 7% for the quarter, and 11% on a constant currency basis, but Q4 operating profits were significantly lower than the prior-year quarter’s.
Revenue by Segment
Forward Guidance
ADM is strengthening its focus on controllable actions to mitigate the impact of market forces and will continue to improve its global capabilities to serve its customers. The company is also increasing its investments in the decarbonization of some of its large production facilities and investing in its future by empowering new food technology platforms.
Positive Outlook
- Raising quarterly dividend by 12.5%, to $0.45 per share.
- Focusing on controllable actions to mitigate market forces.
- Improving global capabilities to serve customers.
- Increasing investments in decarbonization of large production facilities.
- Investing in new food technology platforms.
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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