Archer-Daniels-Midland Company's Stock Analysis

Archer-Daniels-Midland Approves Stockholder Proposals at Annual Meeting

On May 7, 2026, Archer-Daniels-Midland Company stockholders approved several key proposals during the 2026 Annual Meeting. These included the election of all nominees to the Board of Directors, the advisory approval of executive compensation, and the ratification of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2026. Additionally, stockholders approved an amendment to the 2020 Incentive Compensation Plan, which increased the number of shares available for issuance under the plan by an additional 9,000,000 shares.

A stockholder proposal concerning the issuance of a report on pesticide use data in regenerative agriculture program disclosures did not pass. The details of the 2020 Incentive Compensation Plan were included in the proxy statement filed with the Commission on March 26, 2026, and the amended plan was referenced in the meeting documentation.

May 12, 2026 16:39:00

Archer-Daniels-Midland Increases Share Issuance Under Incentive Plan

On May 7, 2026, stockholders of Archer-Daniels-Midland Company approved an amendment to the 2020 Incentive Compensation Plan, increasing the number of shares available for issuance by an additional 9,000,000 shares. Details of the 2020 IC Plan were provided in the proxy statement filed on March 26, 2026.

During the 2026 Annual Meeting, stockholders voted on several proposals, including the election of the Board of Directors, approval of executive compensation, and the appointment of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2026. All nominees for the Board were elected, executive compensation was approved, and the appointment of auditors was ratified. However, a stockholder proposal regarding pesticide use data reporting was not approved.

May 12, 2026 16:39:00

Archer Daniels Midland Reports First Quarter 2026 Financial Results

Archer-Daniels-Midland Company reported net earnings of $298 million for the first quarter of 2026, with an adjusted net earnings of $345 million. The earnings per share (EPS) on a GAAP basis was $0.62, reflecting a 2% increase from the previous year, while the adjusted EPS was $0.71, a 1% rise compared to the same quarter last year. The company noted significant negative impacts from mark-to-market adjustments totaling approximately $275 million, primarily affecting its Crushing and Refined Products segments. Despite these challenges, total segment operating profit rose by 2% year-over-year to $764 million, driven by an increase in agricultural services and oilseeds exports as well as strong performance in the Nutrition segment.

ADM has raised its full-year adjusted EPS guidance to a range of $4.15 to $4.70, up from the previous forecast of $3.60 to $4.25, citing improved earnings expectations in its crushing and ethanol businesses due to favorable U.S. renewable fuels policies. The company is monitoring various external factors, including consumer trends and supply chain conditions, which may impact future performance. Capital expenditures are projected to be between $1.3 billion and $1.5 billion, indicating ongoing investment in growth and operational improvements.

May 05, 2026 06:04:26

Archer-Daniels-Midland Appoints New Director to Board

Archer-Daniels-Midland Company has expanded its Board of Directors from 12 to 13 members with the election of Michael C. McMurray as an independent director, effective March 9, 2026. McMurray, who has over 30 years of experience in financial and strategic leadership, will serve on the Audit Committee and the Sustainability and Technology Committee. His appointment follows the company’s ongoing board refreshment practice aimed at enhancing strategic insight and perspectives.

Michael McMurray previously held significant roles, including executive vice president and CFO at LyondellBasell Industries N.V., and brings experience from Owens Corning and Royal Dutch Shell. His educational background includes a bachelor's degree in Business Administration and an MBA. The company announced his appointment through a press release, underscoring its commitment to connecting agricultural supply chains and enhancing food security.

Mar 10, 2026 17:17:30

ADM Reports Fourth Quarter and Annual 2025 Financial Results

Archer-Daniels-Midland Company (ADM) reported its financial results for the fourth quarter and full year of 2025, revealing a fourth-quarter earnings per share (EPS) of $0.94 and an adjusted EPS of $0.87. For the full year, the company achieved a GAAP EPS of $2.23 and an adjusted EPS of $3.43. Net earnings for the fourth quarter were $456 million, while full-year net earnings totaled $1.1 billion. The company also announced an increase in its quarterly dividend, marking the 53rd consecutive year of dividend growth.

For 2026, ADM provided an outlook expecting adjusted EPS between $3.60 and $4.25, contingent on factors including U.S. biofuel policy clarity and global trade developments. The company anticipates year-over-year segment operating profit growth in its Agriculture Services and Oilseeds (AS&O) segment, while Carbohydrate Solutions is expected to remain flat. The Nutrition segment is projected to continue its growth trajectory. ADM's capital expenditures for 2026 are projected to be between $1.3 billion and $1.5 billion.

Feb 03, 2026 06:03:39

Archer-Daniels-Midland Settles SEC Investigation for $40 Million

Archer-Daniels-Midland Company has reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding an investigation into its intersegment sales. The company has agreed to pay a civil penalty of $40 million while neither admitting nor denying any wrongdoing. The settlement concludes the SEC's investigation and the Department of Justice (DOJ) has also closed its investigation with no further action. The financial impact of the settlement is not expected to be material to the company's operations or financial position.

In prior disclosures, Archer-Daniels-Midland corrected certain reporting errors and restated its financial statements for 2023 and the first two quarters of 2024. The company has implemented changes to its financial leadership and controls to enhance the accuracy of its reporting. The resolution of these investigations allows the company to focus on its operations and maintain transparency and integrity in its financial practices.

Jan 28, 2026 06:01:49

Archer-Daniels-Midland Reports Third Quarter Financial Results

Archer-Daniels-Midland Company (ADM) announced its third quarter financial results for 2025, reporting earnings of $108 million and adjusted net earnings of $448 million, which corresponds to an adjusted earnings per share (EPS) of $0.92. The company experienced a 16% decrease in adjusted EPS compared to the same quarter last year. Year-to-date cash flows from operating activities totaled $5.8 billion, with $2.1 billion generated before working capital adjustments. The company has revised its full-year adjusted EPS guidance to a range of $3.25 to $3.50 per share, down from approximately $4.00 per share, primarily due to lower crush margins and the impact of the biofuel policy environment on demand.

Segment performance varied, with the Agriculture Services and Oilseeds segment reporting a 21% decrease in operating profit, while Carbohydrate Solutions saw a 26% decline. In contrast, the Nutrition segment achieved a 24% increase in operating profit, driven by growth in the Human Nutrition and Animal Nutrition subsegments. Overall, total segment operating profit for the company was down 19% year-over-year. The company emphasized its focus on operational optimization and robust cash flow generation amidst a challenging global market environment.

Nov 04, 2025 06:05:51

ADM Forms Joint Venture with Alltech for Animal Nutrition

Archer-Daniels-Midland Company (ADM) has signed a definitive agreement to establish a North American animal feed joint venture with Alltech. This venture aims to transition ADM's animal nutrition business toward higher-margin specialty ingredients, allowing ADM to deconsolidate its complete feed business while retaining a share in the supply of specialty ingredients. Alltech will contribute its Hubbard Feeds and Masterfeeds businesses, while ADM will contribute its U.S. complete feed mills. The joint venture is expected to launch in the first quarter of 2026 and is not anticipated to significantly impact ADM's 2025 financial results.

The joint venture is part of ADM's strategy to optimize its Nutrition segment and focus on higher-value growth. Both companies will have equal representation on the governing board, and the joint venture will leverage their combined expertise and manufacturing capabilities. ADM will continue to invest in research and development to enhance its offerings. The partnership is positioned to deliver innovative solutions to customers in the animal nutrition market, aligning their strengths in feed production and nutrition science.

Sep 23, 2025 16:28:27

Archer Daniels Midland Reports Q2 2025 Financial Results

Archer-Daniels-Midland Company (ADM) reported net earnings of $219 million for the second quarter of 2025, with adjusted net earnings of $452 million. Earnings per share (EPS) on a GAAP basis was $0.45, reflecting a 54% decrease compared to the same period last year, while adjusted EPS was $0.93, down 10%. Year-to-date cash flows from operating activities reached $4.0 billion, with operating cash flows before working capital totaling $1.2 billion. The company has remediated a material weakness in internal controls related to segment disclosures.

The Ag Services and Oilseeds segment saw a 17% decline in operating profit, impacted by trade policy uncertainty and lower commodity prices. The Carbohydrate Solutions segment reported a 6% decrease in operating profit, primarily due to lower international volumes. However, the Nutrition segment experienced a 5% increase in operating profit, driven by improved margins in certain subsegments. ADM has tightened its full-year adjusted EPS guidance to approximately $4.00 per share, with expectations of improved margins benefiting the fourth quarter of 2025 and beyond.

Aug 05, 2025 07:08:22

ADM Reports Q1 2025 Results with Declining Earnings and EPS

ADM announced its financial results for the first quarter of 2025, reporting net earnings of $295 million and earnings per share (EPS) of $0.61, both showing a significant decline compared to the same quarter last year. Adjusted EPS was reported at $0.70, down 52% year-over-year. The company also noted a trailing four-quarter average return on invested capital of 5.4%. Cash flows used in operating activities were $(342) million, with cash flows from operations before working capital at $439 million.

In terms of segment performance, the Ag Services and Oilseeds segment saw a 52% decrease in operating profit, attributed to lower volumes and margins amid trade policy uncertainties. The Carbohydrate Solutions segment's operating profit decreased slightly by 3%, while the Nutrition segment experienced a 13% increase in operating profit, driven by improved conditions in Animal Nutrition. ADM reaffirmed its full-year adjusted EPS guidance for 2025 but indicated expectations to be at the lower end of the range due to current market conditions.

May 06, 2025 07:04:16