Archer Daniels Midland Company

Archer Daniels Midland Company (NYSE: ADM) today announced that it has reached an agreement to sell its global cocoa business to Olam International Limited (SGX: O32) for $1.3 billion, subject to customary adjustments. “We are continuing to actively manage our portfolio to create shareholder value by improving returns and dampening the volatility of our earnings,” said ADM Chairman and CEO Patricia Woertz. “This [...]

Archer Daniels Midland Company (NYSE: ADM) announced today that it has selected Erlanger, Kentucky, as the site for its new information technology and support center. The center, which will open in the second half of 2015, will be located on the same campus as ADM’s WILD Flavors Erlanger offices. “We are excited to expand our presence and create jobs in Erlanger by establishing our new technology center there,” said [...]

Archer Daniels Midland Company (NYSE: ADM) today outlined a comprehensive strategy to grow returns and economic value added (EVA) by setting the competitive standard for the industries in which it operates and by implementing a balanced capital allocation framework that includes an increase in the company’s dividend payout ratio. “Over the past few years, we’ve been working to grow ADM’s earnings power and create [...]

Archer Daniels Midland Company (NYSE: ADM) today announced that it had completed its acquisition of Specialty Commodities Inc., a leading originator, processor and distributor of healthy ingredients, including nuts, fruits, seeds, legumes and ancient grains, for $191 million (including $95 million in working capital), subject to post-closing adjustments. "We are continuing to expand our specialty ingredients portfolio [...]

Archer Daniels Midland Company (NYSE: ADM) will webcast its investor day on Wednesday, Dec. 3, 2014. The event will run from 10 a.m. to 4:30 p.m. Central Time, and presenters will include Chairman and CEO Patricia Woertz; President and Chief Operating Officer Juan Luciano; Chief Financial Officer Ray Young; as well as representatives from each of ADM’s business units–including WILD Flavors & Specialty Ingredients–and [...]

Today, Archer Daniels Midland Company (NYSE: ADM) officially opened the sweetener-manufacturing portion of its integrated food manufacturing complex with a ribbon-cutting ceremony at the port of Tianjin in North China, on the Yellow Sea. When complete next year, the complex—ADM’s first wholly owned food-ingredient production facility in China—will also have the ability to produce soluble fiber, which is used to add [...]

Archer Daniels Midland Company (NYSE: ADM) announced today that Juan R. Luciano has been named the company’s next chief executive officer, effective Jan. 1, 2015. He was also elected to the company’s board of directors, effective immediately. Luciano currently serves as president and chief operating officer responsible for leading and running the company’s global operations. ADM Photo of Juan Luciano (Photo: Business [...]

Archer Daniels Midland Company’s (NYSE: ADM) Board of Directors today declared a cash dividend of 24.0 cents per share on the company’s common stock payable Dec. 11, 2014, to Stockholders of record Nov. 20, 2014. This is ADM’s 332nd consecutive quarterly payment, a record of 83 years of uninterrupted dividends. As of Sept. 30, 2014, there were 645,803,763 shares of ADM common stock outstanding. About ADM For more [...]

Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended Sept. 30, 2014. The company reported adjusted earnings per share1 of $0.81, up from $0.47 in the same period last year. Adjusted segment operating profit1 was $914 million, up 45 percent from $632 million in the year-ago period. Net earnings for the quarter were $747 million, or $1.14 per share, and segment operating [...]

Golden Peanut Company LLC, a subsidiary of Archer Daniels Midland Company (NYSE: ADM), announced today that it has acquired the processing facilities and certain assets of the Harrell Nut Company, one of the country’s leading processors and shellers of pecans. Reflecting the company’s continuing expansion of its product portfolio, Golden Peanut also announced today that it is changing its name to Golden Peanut and Tree [...]