Due to the challenging operating environment, ADM is currently managing ethanol production throughout its U.S. corn processing network to focus on cash flows and to divert corn grind to other products that are in higher demand, such as alcohol for hand sanitizer. As part of this process, ADM is temporarily idling ethanol production at the company’s corn dry mill facilities in Cedar Rapids, Iowa, and Columbus, Nebraska [...]
ADM will release financial results for the first quarter of 2020 after the market closes on Wednesday, April 29, 2020. A slide presentation will also be available for download at this time. The company will host a webcast on Thursday, April 30, at 10 a.m. Central Time to discuss the results and provide a company update. To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of [...]
ADM today announced an ambitious new plan to reduce its absolute greenhouse gas emissions by 25 percent and its energy intensity by 15 percent by 2035. ?Every single day, ADM is focused on keeping its employees healthy and safe while simultaneously ensuring we are continuing to support the world?s food supply,? said Chairman and CEO Juan Luciano. ?At the same time, we believe it remains vitally important that we continue [...]
ADM , on Friday, March 27, closed on a $1.5 billion notes offering, comprised of $0.5 billion aggregate principal amount of 2.75% notes due 2025 and $1.0 billion aggregate principal amount of 3.25% notes due 2030. ?We are delighted with the reception of the market to this bond offering,? said CFO Ray Young. ?The strong investor demand, combined with our single A credit ratings, are compelling evidence of the continued [...]
ADM announced today that it is has committed a total of approximately $1 million to various organizations involved in the fight against COVID-19. The contributions include commitments to the COVID-19 Solidarity Response Fund for the World Health Organization , various regional and local charities focusing on COVID-19 in the areas where ADM operates, and matches to ADM employee contributions to COVID-19 relief and [...]
ADM has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. The recognition honors companies that take the long view with a purpose-based strategy and strive to create positive change throughout their global communities. “Each day, our world-class team of 40,000 works to enrich the quality of [...]
ADM’s Board of Directors has declared a cash dividend of 36.0 cents per share on the company’s common stock, a 2.85% increase from last quarter’s dividend of 35.0 cents per share. The dividend is payable on March 5, 2020, to shareholders of record on Feb. 13, 2020. This is ADM’s 353rd consecutive quarterly payment, a record of 88 years of uninterrupted dividends. As of Dec. 31, 2019, there were [...]
ADM today reported financial results for the quarter ended December 31, 2019. “Our team delivered a solid fourth quarter, consistent with our expectations three months ago,” said Chairman and CEO Juan Luciano. “At the end of 2019, we can look back on a full year in which the team did a great job managing through some difficult external conditions while continuing to deliver innovative solutions for our [...]
ADM was named one of the world’s most admired companies in the food production industry by FORTUNE Magazine for the 12th year in a row. FORTUNE’s “World's Most Admired Companies” list is the definitive report card on corporate reputation, and is developed by FORTUNE and Korn Ferry. For 2020, the list ranked companies in 52 major industries on nine criteria — from investment value and quality [...]
As part of the company’s continued growth as a global leader in nutrition, ADM today unveiled an updated corporate identity, reflecting the company’s recent evolution. Having made numerous portfolio adjustments for growth in recent years – including divestitures, acquisitions and investments – ADM today provides a full range of solutions to meet the opportunities presented by rapidly evolving [...]
ADM announced today that it has acquired Yerbalatina Phytoactives, a pioneering natural plant-based extracts and ingredients manufacturer. “ADM is a global leader in nutrition, and we are proud to be at the cutting edge of many of today’s trends, including those toward fortified foods, beverages and supplements that enhance health and come from natural sources. Today, we’re adding to our ability to meet [...]
Archer Daniels Midland Company will present at the Stephens 2019 Nashville Investment Conference on Wednesday, Nov. 13, in Nashville, Tennessee. Ray Young, chief financial officer, and Vince Macciocchi, president, ADM Nutrition, will present at 9 a.m. Central Time. The ADM presentation will be webcast live at www.adm.com/webcast. A replay of the presentation will also be available for a limited time on [...]