Archive for October 28th, 2021

Strong gains in Ag Services and Oilseeds lift ADM quarterly profit

CHICAGO, ILLINOIS, US — Agile execution across a tightly integrated supply chain, boosted in large part by strong gains in the Ag Services and Oilseeds division, buoyed third-quarter earnings and revenues at ADM.

Net earnings at ADM totaled $526 million in the third quarter ended Sept. 30, equal to 93¢ per share on the common stock, up 134% from $225 million, or 40¢ per share, in the same period a year ago. Revenues in the quarter surged 34%, increasing to $20.34 ...

Continue Reading →
0