$ADM (Archer-Daniels-Midland Company)

$ADM {{ '2015-08-04T13:54:37+0000' | timeago}} • Webcast

$ADM 2Q15 Call: In the second quarter, we earned $724MM of operating profits excluding specified items. First half operating profits were similar to the same period last year, despite a decline of more than $200MM in operating profits from the ethanol business. These results demonstrate the power of our business model.

$ADM {{ '2017-08-02T17:53:07+0000' | timeago}} • Webcast

Looking at 2H17 in Ag Services business, $ADM does believe that the exports will be a little higher than 2015, but certainly lower than 2016 from the U.S. as the company is going to get all these potential exports from South America during 3Q17. $ADM sees the improved performance of its global traders into the 2H.

$ADM {{ '2017-08-02T17:50:18+0000' | timeago}} • Webcast

In Oilseeds, $ADM sees obviously seasonal positive North American dynamics in 3Q17 and 4Q17. $ADM expects to have good bean availability in Oilseeds segment and sees a strong domestic demand in 2H17. $ADM anticipates ending the year about 1-3% excluding China. In 2018, the company is looking at about 5% mill demand growth including China.

$ADM {{ '2017-08-02T17:44:07+0000' | timeago}} • Webcast

Looking ahead, $ADM still sees net interest expense of about $320MM for the full year 2017. Unallocated corporate costs of $134MM for 2Q17 were up versus the prior year, and modestly below its $140MM per quarter guidance for FY17. $ADM's current expectation for FY17 is capital spending of about $1Bil.

$ADM {{ '2017-08-02T17:41:01+0000' | timeago}} • Webcast

$ADM's net interest expense for 2Q17 was up about $18MM to $81MM. This is primarily due to higher short-term interest rates, mix of short-term and long-term debt after new fixed-rate debt issuance, a favorable interest rate expense adjustment last year, and some additional interest expense from foreign income taxes due from prior years.

$ADM {{ '2017-08-01T13:58:11+0000' | timeago}} • Infographic

$ADM Archer Daniels Midland Earnings AlphaGraphic: Q2 2017 Highlights

$ADM {{ '2017-08-01T12:55:51+0000' | timeago}} • Announcement

$ADM expects to deliver solid year-over-year earnings growth and returns in 2017, and the company said it are poised to be an even stronger company in 2018. $ADM is aggressively managing costs and capital, and taking additional portfolio actions; and is ahead of pace to meet its 2017 target of $225MM in run-rate savings.

$ADM {{ '2017-08-01T12:54:18+0000' | timeago}} • Announcement

$ADM's Oilseeds Processing benefited from the diversity of its feedstocks, products and geographies. However, overall results for 2Q17 were down from 2Q16. Weak margins in both global soybean crush and South American origination impacted Crushing and Origination results.

$ADM {{ '2017-08-01T12:53:03+0000' | timeago}} • Announcement

$ADM's Corn Processing results for 2Q17 were up from the year-ago quarter. Higher volumes and improved margins in North America Sweeteners and Starches contributed to another strong performance. Bioproducts results increased over a weak prior year, with an improvement in ethanol margins.

$ADM {{ '2017-08-01T12:52:14+0000' | timeago}} • Announcement

In $ADM's Merchandising and Handling, North America Grain results for 2Q17 increased significantly over the prior year with strong carries in wheat, corn and soybeans. Global Trade generated solid results and was up over the year-ago quarter, benefiting from improved margins, favorable timing effects and actions to improve performance.

$ADM {{ '2017-08-01T12:50:35+0000' | timeago}} • Announcement

Agribusiness giant $ADM reported a decline in 2Q17 earnings due to asset impairments and restructuring charges, loss on sale of assets, and LIFO charge. Net income fell to $276MM from $284MM last year, while EPS remained unchanged at $0.48. Revenue fell to $14.94Bil from $15.63Bil. Adjusted EPS increased to $0.57 from $0.41.

$ADM {{ '2017-05-02T18:56:33+0000' | timeago}} • Webcast

$ADM expects Brazil to contribute strongly to its exports in in 1H17. Meanwhile, the company sees higher opportunities in other geographies including India and Canada, where it plans to develop its export markets.

$ADM {{ '2017-05-02T12:05:16+0000' | timeago}} • Announcement

Food processing company $ADM reported 47.3% YoY rise in its 1Q17 earnings, helped by higher operating profit results in all segments. Net earnings rose to $339MM, or $0.59 per share, compared to $230MM, or $0.39 per share in 1Q16. Revenues rose 4% YoY to $15Bil from $14.3Bil. Excluding items, $ADM earned $0.60 per share.

$ADM {{ '2017-02-07T19:07:56+0000' | timeago}} • Webcast

For 4Q16, $ADM’s Agricultural Services results were up YoY as the business continued to benefit from the competitiveness of US crops. Corn Processing produced strong results, with Sweeteners & Starches showing strong performance. Oilseeds results were relatively weak for 4Q16. Crushing & Origination results declined from 4Q15.

$ADM {{ '2017-02-07T18:51:10+0000' | timeago}} • Webcast

In 4Q16, $ADM’s adjusted operating profit was $827MM, up $194MM from 4Q15. The effective tax rate was 32% in 4Q16. The company generated $2.1Bil in cash from operations before working capital changes during 2016. Total Capex for 2016 was $882MM.

$ADM {{ '2017-02-07T12:52:10+0000' | timeago}} • Announcement

$ADM said it took important steps during 2016 to advance its strategic plan by completing additional acquisitions, organic growth projects and portfolio management actions, and also exceeded its 2016 target for run-rate cost savings. In 2016, the company returned $1.7Bil to shareholders in dividends and share buybacks.

$ADM {{ '2017-02-07T12:48:15+0000' | timeago}} • Announcement

$ADM reported a 41% YoY drop in its 4Q16 earnings to $424MM or $0.73 per diluted share. The company's earnings on an adjusted basis grew 15% to $0.75 per share. Revenue for the quarter increased slightly to $16.5Bil from $16.4Bil a year ago.

$ADM {{ '2016-11-01T19:57:08+0000' | timeago}} • Webcast

With regards to the ethanol dry mills, $ADM is waiting for the second round of bids before the end of the year 2016. The company believes it is a little bit premature to speculate on how the dry mills should factor in its next year's earnings.

$ADM {{ '2016-11-01T19:35:35+0000' | timeago}} • Webcast

For the first nine months of 2016, $ADM generated about $1.6Bil cash from operations before working capital changes, slightly higher than the same period last year. Total CapEx was $621MM, down from the prior year's $819MM. CapEx has been lower during the more challenging 1H16 and the company expects to finish up 2016 spending below $1Bil.

$ADM {{ '2016-11-01T11:27:09+0000' | timeago}} • Announcement

During the first nine months of 2016, $ADM returned $1.3Bil to shareholders through dividends and share repurchases. Trailing four-quarter-average adjusted return on invested capital was 5.8%, 80 BPs below the company's annual weighted average cost of capital of 6.6%.

$ADM {{ '2016-11-01T11:21:33+0000' | timeago}} • Announcement

$ADM reported higher earnings in 3Q16 compared to 3Q15. Net earnings attributable to the company was $341MM or $0.58 per diluted share versus $252MM or $0.41 per diluted share last year. Revenue fell about 4.4% from a year ago to $15.8Bil. On an adjusted basis, EPS was $0.59.

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