Written Commentary
ADM Reports Second Quarter 2024 Results, Affirms Full-Year EPS Guidance
Reported EPS of $0.98, Adjusted EPS 1 of $1.03
7/30/2024 CHICAGO–(BUSINESS WIRE)– ADM (NYSE: ADM) today reported financial results for the quarter ended June 30, 2024.
Second Quarter 2024 Highlights
- Net earnings of $486 million, adjusted net earnings 1of $508 million
- Earnings before taxes of $596 million, segment operating profit 1of $1,014 million, adjusted segment operating profit 1 of $1,021 million
- Trailing four-quarter average return on invested capital (ROIC) of 8.9%, trailing four-quarter average adjusted return on invested capital (ROIC) 1of 9.7%
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
