$ADM (Archer-Daniels-Midland Company)

$ADM {{ '2015-11-03T17:23:09+0000' | timeago}} • Webcast

$ADM generated $1.5Bil of cash from operations before working capital changes in the first 9 months of this year while its total capital spend during the quarter was $819MM. CapEx guidance for calendar year at $1.1Bil to $1.3Bil, & based on run rate spending, $ADM anticipates to finish up the year at the lower end of the range or below that range.

$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.

$CMP {{ '2016-10-21T12:00:18+0000' | timeago}} • Announcement

Essential minerals supplier $CMP appointed Anthony Sepich as SVP of its salt business, effective Nov. 30, 2016. Most recently, Sepich served as President of $ADM's Corn Europe division. Bob Miller, the current SVP of salt business will serve as SVP till Nov. 30. 2016 and then continue as senior advisor to $CMP.

$ADM {{ '2016-08-02T18:40:36+0000' | timeago}} • Webcast

Thomas Marc of JP Morgan Chase asks about $ADM's ethanol export view, especially since China might stop importing ethanol. CEO Juan Ricardo Luciano says the expectations range 850-900MM gallons without China. Luciano believes China would continue to import ethanol. India & Mexico are 2 other upcoming regions in terms of ethanol imports, he adds.

$ADM {{ '2016-08-02T18:24:55+0000' | timeago}} • Webcast

Samuelson from GS asks about the opportunities $ADM is seeing in 2H16. CEO Juan Ricardo Luciano says exports & margins are picking up; wheat careers have returned to the market. Asian markets continue to grow and the impact will be even more in 2017. So, $ADM expects its Agricultural division to improve after many months of subdued performance.

$ADM {{ '2016-08-02T12:22:00+0000' | timeago}} • Announcement

During 2Q16, $ADM acquired full ownership of Amazon Flavors, a Brazilian manufacturer of natural extracts, emulsions and compounds. The company added soybean crushing capability to its facility in Straubing, Germany. This allowed $ADM to utilize flex capacity, while meeting growing customer demand for non-GMO soybean meal and oil in Western Europe.

$ADM {{ '2016-08-02T12:19:16+0000' | timeago}} • Announcement

During 2Q16, $ADM's effective tax rate was 29% vs. 27% in 2Q15 and this quarter's taxes included about $20MM, or about $0.03 per share of discrete tax items. The company said that during 1H16, it returned $0.8Bil to shareholders through dividends and share repurchases.

$ADM {{ '2016-08-02T12:17:14+0000' | timeago}} • Announcement

During 2Q16, $ADM's Agricultural Services segment revenues fell 8.8% due to weak grain handling margins and merchandising results. The Corn Processing segment's sweeteners and starches results rose as the business continued to perform well with higher volumes and pricing. Oilseeds revenue fell 10% and WFSI revenue fell slightly to 0.3% in 2Q16.

$ADM {{ '2016-08-02T12:07:57+0000' | timeago}} • Announcement

Food processing company $ADM posted lower earnings during 2Q16 due to lower operating profit results seen in all segments except WFSI. Net income was $284MM or $0.48 per diluted share vs. $386MM or $0.62 per diluted share in 2Q15. Revenue fell 9% to $15.6Bil vs. 2Q15, hurt by lower segment revenues during the quarter.

$ADM {{ '2016-05-25T18:39:17+0000' | timeago}} • SEC

During 1Q16, $ADM's asset impairment, exit, and restructuring charges rose $13MM due to software impairment and restructuring charges. Other income fell $29MM to an expense of $19MM mainly as a result of foreign exchange losses compared to foreign exchange gains in the prior period.

$ADM {{ '2016-05-25T18:38:29+0000' | timeago}} • SEC

$ADM's 1Q16 gross profit fell $0.3Bil, or 28% to $0.8Bil. The decrease is broken down into poor merchandising results of $78MM, lower volumes and higher costs in barge operations of $27MM, lower ethanol margins of $25MM, lower global crush margins of $143MM, and the sale of the cocoa business of $10MM.

$ADM {{ '2016-05-25T18:32:08+0000' | timeago}} • SEC

Food processing company $ADM said that out of the $38MM in unrealized losses at March 31, 2016, $35MM arose within the last 12 months and is related to the company's investment in two available-for-sale equity securities with a fair value of $267MM. The market value of the investment in an unrealized loss position for 12 months or longer is $3MM.

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