ADM SEC Filings

Archer-Daniels-Midland Co - 378 total filings

Showing 1–50 of 378 filings
10-Q

Archer-Daniels-Midland Co Quarterly Report for Q2 Ended Jun 30, 2026

Aug 4, 2026

Archer-Daniels-Midland Company (ADM) reported robust financial results for the three and six months ended June 30, 2026. The company demonstrated significant year-over-year improvements in earnings before income taxes, primarily driven by enhanced operational execution and a more favorable pricing environment. Revenue growth was substantial, fueled by strong performance in the Ag Services and Oilseeds segment, which benefited from higher sales prices for key commodities and improved crush volumes. ADM's profitability was bolstered by increased gross profit across all its reportable segments, particularly Ag Services and Oilseeds and Carbohydrate Solutions. Despite an increase in Selling, General, and Administrative (SG&A) expenses, the company managed to reduce asset impairment, exit, and restructuring costs compared to the prior year. This operational strength, coupled with favorable market conditions and strategic initiatives like the Clean Fuel Production Credit (Section 45Z) and the Renewable Volume Obligations (RVO), positions ADM for continued growth. Investors should note the company's ongoing focus on cost optimization, digitalization, and investments in high-growth areas within nutrition and biosolutions.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Aug 4, 2026)

Aug 4, 2026

Archer-Daniels-Midland Company (ADM) has filed an 8-K report on August 4, 2026, to announce its second quarter financial results. The core of this report is the press release (Exhibit 99.1) containing the company's performance for the period ended June 30, 2026. Investors should note that while ADM is providing details on its financial condition and operations, the information furnished under Item 2.02 is not considered 'filed' for regulatory purposes, meaning it won't automatically be incorporated into future SEC filings unless explicitly referenced. The company also highlights the use of non-GAAP financial measures, with reconciliations provided in the press release, which is standard practice for providing a clearer operational view but requires careful attention from investors to understand the adjustments made from GAAP figures.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Jul 23, 2026)

Jul 23, 2026

Archer-Daniels-Midland Company (ADM) has announced a significant executive leadership change with the appointment of Jeffrey Rowe as Executive Vice President and Chief Operating Officer, effective August 17, 2026. Mr. Rowe brings extensive experience from his previous role as CEO of Syngenta Group and prior leadership positions within Syngenta and DuPont Pioneer, particularly in the agricultural and crop protection sectors. This appointment signals ADM's strategic intent to leverage his deep industry knowledge in a key operational role. Investors should note the comprehensive compensation package offered to Mr. Rowe, which includes a substantial base salary, performance-based cash and equity incentives, and significant one-time make-whole awards to compensate for forfeited compensation from his previous employer. The terms of his compensation are designed to align his interests with the company's performance and retention, with specific provisions for termination events. The company has also provided relocation benefits and participation in standard employee benefit programs.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (May 12, 2026)

May 12, 2026

Archer-Daniels-Midland Company (ADM) filed an 8-K report on May 12, 2026, detailing the outcomes of its 2026 Annual Meeting of Stockholders held on May 7, 2026. The key event was the approval by stockholders of an amendment to the 2020 Incentive Compensation Plan (2020 IC Plan), which increases the shares available for awards by 9,000,000. This move is aimed at ensuring the company can continue to attract and retain talent through equity-based compensation. Beyond the incentive plan amendment, the meeting also saw the election of all nominated directors to the Board, the advisory approval of the compensation of named executive officers, and the ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2026. A stockholder proposal regarding pesticide use data reporting in regenerative agriculture disclosures was not approved.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q1 Ended Mar 31, 2026

May 5, 2026

Archer-Daniels-Midland Co. (ADM) reported solid financial results for the first quarter of 2026, with revenues reaching $20.49 billion, a slight increase from $20.18 billion in the same period last year. Net earnings attributable to ADM were $298 million, or $0.62 per diluted share, showing modest growth from the prior year's $295 million, or $0.61 per diluted share. The company demonstrated improved profitability in its Carbohydrate Solutions and Nutrition segments, although the Ag Services and Oilseeds segment experienced a decline in operating profit due to negative mark-to-market and timing impacts. Despite these fluctuations, ADM's overall performance indicates resilience and continued strategic execution in a dynamic market environment.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (May 5, 2026)

May 5, 2026

Archer-Daniels-Midland Company (ADM) has filed an 8-K report on May 5, 2026, to announce its first quarter results for the period ending March 31, 2026. The report primarily references a press release detailing these results, which is included as an exhibit. Investors should note that ADM is utilizing non-GAAP financial measures in its reporting, with reconciliations provided in the press release. While specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification of the release of the company's quarterly performance, signaling an opportunity for investors to review detailed operational and financial condition updates. Investors are encouraged to access the attached press release (Exhibit 99.1) for comprehensive insights into ADM's first-quarter performance. This document will contain the specific financial metrics, performance drivers, and management commentary that are crucial for evaluating the company's trajectory. The inclusion of Interactive Data Files (Exhibit 101 and 104) further facilitates detailed analysis of the reported financial information, offering transparency and accessibility for all stakeholders.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Mar 10, 2026)

Mar 10, 2026

Archer-Daniels-Midland Co. (ADM) announced a change to its Board of Directors through an 8-K filing on March 10, 2026. The company has expanded its board size from 12 to 13 directors and appointed Michael C. McMurray as an independent director, effective immediately. Mr. McMurray will serve until the next annual meeting and has been assigned to the Audit Committee and the Sustainability and Technology Committee. His appointment is expected to bring fresh perspectives and expertise to key board functions. This board expansion and addition of an independent director signal ADM's commitment to robust governance and potentially enhanced oversight in critical areas like financial reporting and sustainability initiatives. Investors should note that Mr. McMurray has no disclosed prior arrangements or related-person transactions with the company, and his compensation will align with existing policies for non-employee directors. The company also furnished a press release detailing this appointment.

10-K

Archer-Daniels-Midland Co Annual Report, Year Ended Dec 31, 2025

Feb 17, 2026

Archer-Daniels-Midland Company (ADM) reported a challenging year for the fiscal year ending December 31, 2025. While revenues saw a decrease of $5.3 billion to $80.3 billion, driven by lower sales volumes and prices across segments, the company's focus remains on strategic priorities including operational excellence, cost management, and targeted growth investments. The Ag Services and Oilseeds segment experienced compressed margins due to increased global supplies, policy uncertainties, and logistical issues, leading to a significant decline in segment operating profit. The Carbohydrate Solutions segment also saw a decrease in operating profit, influenced by lower ethanol and starch margins and higher manufacturing costs. However, the Nutrition segment demonstrated resilience, with a modest increase in segment operating profit, driven by growth in the Flavors market and expansion opportunities in dietary supplements, despite facing challenges from tariffs and inflation. ADM is actively pursuing cost savings, targeting over $500 million in cumulative savings over the next three to five years through cost optimization and portfolio simplification. The company made several strategic portfolio actions in 2025, including acquisitions and the formation of joint ventures to enhance its market position. Despite a decrease in earnings before income taxes by 44% year-over-year, largely due to significant impairment charges and equity method investment impacts, ADM maintains a strong liquidity position with $10.4 billion in total available liquidity. The company reiterated its commitment to disciplined capital deployment, including dividends, and is investing in future growth areas such as enhanced nutrition, biotics, and biosolutions.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Feb 3, 2026)

Feb 3, 2026

Archer-Daniels-Midland Company (ADM) filed an 8-K on February 3, 2026, to report its fourth quarter and full-year financial results for the period ending December 31, 2025. The filing primarily serves to attach the press release detailing these results, which is incorporated by reference. Investors should note that ADM is referencing non-GAAP financial measures in its earnings announcement, and a reconciliation to GAAP figures is provided within the press release itself. While the 8-K doesn't contain detailed financial statements directly, it directs stakeholders to the press release for crucial performance metrics. Investors are advised to review Exhibit 99.1 for a comprehensive understanding of ADM's operational and financial condition, including any forward-looking statements, segment performance, and key financial highlights discussed in the press release. The company also provided an Interactive Data File for enhanced data accessibility.

8-K

Archer-Daniels-Midland Co 8-K Report, Corporate Update (Jan 28, 2026)

Jan 28, 2026

Archer-Daniels-Midland Company (ADM) has announced a significant resolution to its previously disclosed investigations by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). On January 27, 2026, ADM reached a settlement with the SEC concerning intersegment sales, agreeing to a civil penalty of $40 million. Importantly, the company neither admitted nor denied any wrongdoing. This settlement is not anticipated to materially impact ADM's financial performance or position. Furthermore, the DOJ has informed ADM that it is no longer a subject of their investigation, effectively concluding both regulatory inquiries. This development brings closure to a period of uncertainty for investors, allowing ADM to move forward without the overhang of these ongoing investigations.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q3 Ended Sep 30, 2025

Nov 4, 2025

Archer-Daniels-Midland Co. (ADM) reported mixed financial results for the third quarter of fiscal year 2025. While revenues saw a modest increase driven by higher sales prices and volumes, particularly in the Ag Services and Oilseeds segment, gross profit experienced a decline due to compressed margins across key segments. The company incurred significant impairment and restructuring charges, including a substantial charge related to internal-use software and a penalty from an equity investment, which impacted net earnings. Despite these challenges, ADM generated strong operating cash flow and maintained substantial liquidity. The company's strategic focus remains on operational execution, cost management, portfolio simplification, and disciplined capital deployment. Recent portfolio actions include an acquisition in Hungary and the formation of a joint venture in animal feed. ADM is also actively cooperating with ongoing SEC and DOJ investigations, which have previously led to a material weakness in internal controls over financial reporting that has since been remediated.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Nov 4, 2025)

Nov 4, 2025

Archer-Daniels-Midland Company (ADM) has filed an 8-K report on November 4, 2025, to announce its third-quarter financial results for the period ending September 30, 2025. The report primarily references a press release, attached as Exhibit 99.1, which details the company's performance and financial condition for the quarter. Investors should note that this information is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act, meaning it won't automatically be incorporated into future SEC filings unless explicitly stated. The company also indicated the use of non-GAAP financial measures, with reconciliations provided in the press release, which is crucial for investors to understand the full financial picture beyond standard accounting practices.

8-K

Archer-Daniels-Midland Co 8-K Report, Regulation FD Disclosure (Sep 23, 2025)

Sep 23, 2025

Archer-Daniels-Midland Company (ADM) has announced a significant strategic move within its Animal Nutrition division through a definitive agreement to form a North American Animal Feed Joint Venture with Alltech. This initiative is a key component of ADM's strategy to pivot its animal nutrition business towards higher-margin specialty ingredients, moving away from the complete feed business. The joint venture aims to enhance growth prospects and profitability by focusing on specialized product offerings. The partnership with Alltech involves a contribution of assets from both companies, with Alltech holding a majority ownership stake. ADM will contribute its 11 U.S. complete feed mills, while Alltech will bring its U.S.-based Hubbard Feeds and Canada-based Masterfeeds businesses, which include a total of 33 feed mills across the U.S. and Canada. This transaction, expected to be completed in the first quarter of 2026, is not anticipated to materially impact ADM's 2025 financial results but is expected to streamline operations and allow ADM's Nutrition segment to concentrate on higher-value growth opportunities and innovation.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q2 Ended Jun 30, 2025

Aug 5, 2025

Archer-Daniels-Midland Co. (ADM) reported a decrease in earnings before income taxes to $279 million for the three months ended June 30, 2025, down from $596 million in the prior year period. This decline was primarily driven by significant asset impairment, exit, and restructuring costs amounting to $137 million, associated with portfolio optimization initiatives and a revised investment strategy. Revenues also saw a decline, falling by $1.1 billion to $21.2 billion, largely due to lower sales prices across key segments. Despite the top-line and bottom-line decreases, ADM's operational performance within its core segments showed mixed results. The Ag Services and Oilseeds segment experienced a notable decline in operating profit due to market pressures from increased global supplies and trade policy uncertainties. Conversely, the Nutrition segment demonstrated growth in operating profit, driven by strong performance in its Flavors and Animal Nutrition subsegments. The company's strategic initiatives, including targeted cost savings and portfolio simplification, are underway, with the recent acquisition of Vandamme Hugaria Kft in Hungary. ADM continues to maintain a strong liquidity position with significant unused lines of credit.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Aug 5, 2025)

Aug 5, 2025

Archer-Daniels-Midland Company (ADM) filed an 8-K on August 5, 2025, to report its second quarter financial results, which were announced via a press release on the same date. The filing includes the press release as an exhibit, providing details on the company's performance for the quarter ending August 4, 2025. Investors should note that the press release contains non-GAAP financial measures, with reconciliations to GAAP provided within the document itself. This 8-K serves as formal notification of the quarterly results and makes the press release publicly available through the SEC filing. While the information is presented, it is explicitly stated that it is not deemed "filed" for certain sections of securities law unless specifically incorporated by reference in other filings, a standard disclosure for this type of 8-K item. Investors will need to refer to the attached press release (Exhibit 99.1) for the specific financial figures and operational commentary.

8-K

Archer-Daniels-Midland Co 8-K Report, Shareholder Vote Results (May 14, 2025)

May 14, 2025

Archer-Daniels-Midland Company (ADM) has filed an 8-K detailing the results of its 2025 Annual Meeting of Stockholders held on May 8, 2025. The filing indicates strong shareholder support for the company's slate of directors, with all nominees being elected with substantial 'For' votes. Additionally, shareholders approved, on an advisory basis, the compensation of the company's named executive officers, signaling confidence in the current executive pay structure. The company also secured shareholder ratification for the appointment of Ernst & Young LLP as its independent auditor for the fiscal year ending December 31, 2025. This decision suggests continued trust in the firm's audit services. However, a shareholder proposal seeking to remove the one-year holding period requirement to call a special stockholder meeting did not pass, indicating that the current provisions for calling special meetings will remain in place.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q1 Ended Mar 31, 2025

May 6, 2025

Archer-Daniels-Midland Co. (ADM) reported a notable decrease in net earnings for the first quarter of 2025 compared to the same period in the prior year, with net earnings attributable to the company falling to $295 million from $729 million. This decline is primarily driven by lower pricing and execution margins across its segments, particularly in Ag Services and Oilseeds, as well as reduced equity in earnings from unconsolidated affiliates. Revenues also saw a significant decrease of $1.7 billion, largely due to lower sales prices across all major segments, though this was partially offset by higher sales volumes in some areas. Despite the top-line and bottom-line pressures, the company continues to focus on its strategic priorities, including cost management, portfolio simplification, and targeted growth investments. The company also announced a restructuring program expected to deliver significant cost savings. Key financial developments include a substantial drop in segment operating profit, especially within Ag Services and Oilseeds, reflecting market headwinds such as increased global supplies, higher ending stocks-to-use ratios, and trade policy uncertainties. The Carbohydrate Solutions segment experienced a slight revenue decrease, while the Nutrition segment saw a modest increase in operating profit. Investors should note the ongoing investigations by the SEC and DOJ related to intersegment sales, and a previously disclosed material weakness in internal controls related to segment disclosures, although remediation efforts are underway.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (May 6, 2025)

May 6, 2025

Archer-Daniels-Midland Company (ADM) has filed an 8-K report on May 6, 2025, to announce its first-quarter financial results for the period ending March 31, 2025. The core of this filing is a press release (Exhibit 99.1) detailing these results. Investors should note that ADM is utilizing non-GAAP financial measures, with reconciliations provided within the press release, which is a common practice for comparability and operational insight. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification and incorporation of the press release containing this critical information. The filing also includes standard interactive data files for enhanced accessibility and analysis. Investors are directed to the attached press release for the specific performance metrics and commentary on the company's financial condition for the first quarter.

10-K

Archer-Daniels-Midland Co Annual Report, Year Ended Dec 31, 2024

Feb 20, 2025

Archer-Daniels-Midland Company (ADM) reported a significant decrease in earnings before income taxes for the year ended December 31, 2024, down 47% to $2.3 billion, primarily driven by lower pricing and execution margins, and a substantial impairment charge of $461 million related to its investment in Wilmar. Total segment operating profit also saw a decrease of 28%, mainly due to weaker performance in the Ag Services and Oilseeds and Nutrition segments. The company is actively managing its exposure to commodity price fluctuations and has completed several strategic acquisitions in the Nutrition segment, including Revela Foods, FDL, PT Trouw Nutrition Indonesia, and Totally Natural Solutions Ltd., aiming to bolster its presence in high-growth markets. Despite a challenging year impacted by macroeconomic headwinds, inflation, and specific segment pressures like depressed vegetable oil demand and uncertainty around tax credits, ADM maintained its focus on its strategic pillars of Productivity, Innovation, and Culture. The company also continues to invest in sustainability initiatives, including regenerative agriculture practices with a goal to enroll five million acres by the end of 2025. However, ADM identified a material weakness in its internal control over financial reporting related to segment disclosures, which is being addressed through remediation efforts. The company also faces ongoing investigations from the SEC and DOJ concerning intersegment sales, the outcomes of which remain uncertain.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Feb 4, 2025)

Feb 4, 2025

Archer-Daniels-Midland Company (ADM) has filed a Form 8-K on February 4, 2025, to report its fourth quarter and full-year financial results. The filing primarily consists of a press release, incorporated by reference, which details these operational and financial outcomes. Investors should note that ADM is utilizing non-GAAP financial measures in its reporting, and a reconciliation to the GAAP equivalents is provided within the press release. This report is crucial for understanding ADM's recent performance and future outlook. While the 8-K itself is a formal notification of the results announcement, the attached press release (Exhibit 99.1) contains the substantive financial details and management commentary that investors will need to analyze trends, profitability, and strategic developments. Investors are encouraged to review the press release thoroughly for specific figures and comparisons to prior periods.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Jan 29, 2025)

Jan 29, 2025

Archer-Daniels-Midland Co (ADM) announced a key executive change in its finance department. Effective March 1, 2025, Carrie Nichol has been appointed as the new Vice President and Chief Accounting Officer (CAO). Ms. Nichol brings extensive experience from her previous roles at Cargill and Zimmer Biomet Holdings, including a background in public accounting with KPMG. This appointment signals a planned transition for the current officer, Molly Strader Fruit, who will move to lead Total Rewards and HR Operations, while also supporting Ms. Nichol's onboarding.

8-K

Archer-Daniels-Midland Co 8-K Report, Regulation FD Disclosure (Dec 2, 2024)

Dec 2, 2024

Archer-Daniels-Midland Co (ADM) filed a Form 8-K on December 2, 2024, to announce an upcoming investor conference call scheduled for December 3, 2024. The purpose of this call is to discuss the company's financial results and outlook. Investors can access a live webcast of this event and a subsequent replay via the company's investor relations website. This filing also includes the presentation materials that will be used during the webcast as an exhibit, which will be incorporated by reference into the report.

10-K

Archer-Daniels-Midland Co Annual Report (Amendment), Year Ended Dec 31, 2023

Nov 18, 2024

Archer-Daniels-Midland Company (ADM) has filed an amendment to its 2023 10-K, primarily to restate its consolidated financial statements due to identified issues with intersegment sales accounting within its Nutrition reporting segment. While the core financial results for revenue and profit are not impacted at the consolidated level, the restatement affects segment-specific historical financial information. The company also disclosed a material weakness in internal controls over financial reporting related to these segment disclosures, stemming from inadequate controls in recording intersegment sales at amounts approximating market. This led to the placement of the former CFO on administrative leave and subsequent departure, and ongoing investigations by the SEC and DOJ. Despite these accounting issues, ADM continues to operate as a global leader in agricultural supply chain management and nutrition. The company highlights its strategic focus on productivity, innovation, and culture, with ongoing investments in regenerative agriculture and sustainable solutions. Its diversified business segments—Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition—remain key drivers of its operations, with the company actively managing market volatilities and investing in growth initiatives. Investors should remain aware of the ongoing investigations and the remediation efforts being undertaken to strengthen internal controls.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Nov 18, 2024)

Nov 18, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on November 18, 2024, to announce its third-quarter financial results. The report primarily incorporates by reference a press release detailing these results, which was issued on the same date. Investors should refer to the attached press release (Exhibit 99.1) for the specific financial performance figures and operational updates for the third quarter of 2024. This filing serves as notification of the earnings release and indicates that ADM will be discussing non-GAAP financial measures. A reconciliation between these non-GAAP metrics and their corresponding GAAP figures is expected to be included within the referenced press release, providing transparency for investors evaluating the company's performance.

10-Q

Archer-Daniels-Midland Co Quarterly Report (Amendment) for Q2 Ended Jun 30, 2024

Nov 18, 2024

Archer-Daniels-Midland Co. (ADM) reported a decrease in revenues and net earnings for the three and six months ended June 30, 2024, compared to the same periods in the prior year. This decline is primarily attributed to lower pricing and execution margins across its Ag Services and Oilseeds segment, as well as softer demand in certain Nutrition product categories. Despite the revenue decline, ADM made strategic acquisitions in the Nutrition segment, adding capabilities and expanding its portfolio. The company also continued its share repurchase program, demonstrating a commitment to returning capital to shareholders. ADM is actively working to remediate a previously identified material weakness in its internal control over financial reporting related to intersegment sales, with an ongoing focus on strengthening these controls.

10-Q

Archer-Daniels-Midland Co Quarterly Report (Amendment) for Q1 Ended Mar 31, 2024

Nov 18, 2024

Archer-Daniels-Midland Co. (ADM) reported a decrease in net earnings attributable to controlling interests for the first quarter of 2024 to $729 million, or $1.42 per diluted share, compared to $1,170 million, or $2.12 per diluted share, in the same period of 2023. This decline was primarily driven by lower revenues across its Ag Services and Oilseeds, and Carbohydrate Solutions segments, influenced by reduced sales prices and volumes, alongside softer demand in certain Nutrition product categories. Despite the overall earnings decline, ADM completed several strategic acquisitions in its Nutrition segment during the quarter, adding capabilities in dairy flavor ingredients and animal nutrition solutions. The company also continued its share repurchase program, authorizing a significant accelerated share repurchase transaction. Management highlights a focus on productivity and innovation to navigate market challenges, including headwinds in the agriculture cycle and softer demand in some consumer segments.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q3 Ended Sep 30, 2024

Nov 18, 2024

Archer-Daniels-Midland Co. (ADM) reported a significant decrease in net earnings for the third quarter of fiscal year 2024 compared to the prior year, primarily driven by a substantial $461 million impairment charge related to its investment in Wilmar. This charge significantly impacted the Ag Services and Oilseeds segment and led to a sharp increase in the effective tax rate. While revenues saw a decline due to lower sales prices across segments, this was partially offset by higher sales volumes. Despite the quarterly earnings pressure, ADM demonstrated resilience in cash flow generation, with operating cash flow increasing year-over-year. The company also continued its strategic acquisitions within the Nutrition segment and repurchased a significant amount of its own stock. However, investors should note the ongoing investigations by the SEC and DOJ concerning intersegment sales, which have led to a material weakness in internal controls over financial reporting. The company is actively implementing remediation measures.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Nov 6, 2024)

Nov 6, 2024

Archer-Daniels-Midland Company (ADM) announced a change to its Board of Directors through an 8-K filing on November 5, 2024. The size of the Board was expanded from 11 to 12 directors with the immediate election of David R. McAtee II as an independent director. Mr. McAtee will serve until the next annual meeting, filling the newly created vacancy. This appointment brings new expertise to ADM's board, and Mr. McAtee has been assigned to key committees: the Nominating and Corporate Governance Committee and the Compensation and Succession Committee. His compensation will align with that of other non-employee directors, and there are no disclosed related-party transactions or special arrangements concerning his election. Investors should note this as an update to the company's governance structure.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Nov 5, 2024)

Nov 5, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on November 5, 2024, to report preliminary third-quarter results for the period ending September 30, 2024. The filing primarily incorporates by reference a press release issued on November 4, 2024, which contains the detailed financial information. Investors should note that this information is preliminary and subject to further review, and ADM is referencing non-GAAP financial measures, with reconciliations provided within the press release itself. The key takeaway for investors is to review the attached press release for specific revenue, profitability, and segment performance details. While the 8-K itself is brief, it serves as the official notification of the earnings announcement. Investors and analysts will be looking closely at the preliminary figures to assess ADM's performance against expectations, particularly in its key operating segments. The company's commentary on its financial condition and results of operations within the press release will be crucial for understanding current trends and future outlook. The filing also includes the standard cover page interactive data file in Inline XBRL format.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Restatement (Nov 5, 2024)

Nov 5, 2024

Archer-Daniels-Midland Co. (ADM) has filed an 8-K report announcing that its previously issued financial statements for fiscal year 2023 and the first and second quarters of 2024 will be restated. This restatement is necessary due to identified errors in segment information disclosures, specifically concerning intersegment sales amounts and classifications. The company is revising its FY2023 Form 10-K and its Q1 and Q2 2024 Form 10-Qs to correct these misstatements. Importantly, ADM states that the restatements are not expected to have a material impact on the company's overall financial results, such as earnings, balance sheets, or cash flows. The errors identified primarily relate to the accuracy and classification of intersegment sales within its Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition segments. In connection with these errors, ADM has also identified and is actively remediating a material weakness in its internal control over financial reporting related to intersegment sales accounting.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q2 Ended Jun 30, 2024

Jul 30, 2024

Archer-Daniels-Midland Co. (ADM) reported a decrease in net earnings attributable to controlling interests for the three months ended June 30, 2024, to $486 million ($0.98 per share), down from $927 million ($1.70 per share) in the same period last year. For the six months ended June 30, 2024, net earnings fell to $1.215 billion ($2.41 per share) from $2.097 billion ($3.82 per share) in the prior year period. This decline was primarily driven by lower pricing and execution margins across its Ag Services and Oilseeds segment, as well as softer demand in certain Nutrition product categories due to shifts in consumer spending and inflationary pressures. Despite the revenue and earnings decline, ADM's liquidity remains strong, with $8.6 billion in total available liquidity as of June 30, 2024, comprising cash and cash equivalents and unused lines of credit. The company also continued its aggressive share repurchase program, buying back approximately $2.3 billion in the first six months of the year. ADM is actively managing its portfolio through strategic acquisitions to enhance its Nutrition businesses and is focused on its three strategic pillars: Productivity, Innovation, and Culture to drive future growth and efficiency.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Jul 30, 2024)

Jul 30, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on July 30, 2024, to report its second quarter results, which were announced via press release on the same date. While the 8-K itself is brief, primarily serving as a vehicle to incorporate the press release and its financial details, the attached press release contains the substantive information for investors. This filing indicates that ADM is providing its second quarter operational and financial performance data to the market, which is a crucial update for understanding the company's ongoing business trajectory and profitability. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance figures, including revenue, earnings, segment performance, and any forward-looking statements or management commentary. The company also noted the use of non-GAAP financial measures, with reconciliations provided within the press release, which is standard practice and important for a comprehensive financial analysis. The interactive data files are also included for enhanced data accessibility.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Jul 10, 2024)

Jul 10, 2024

Archer-Daniels-Midland Company (ADM) has announced a significant leadership change in its financial department. Effective August 1, 2024, Monish Patolawala will join the company as Executive Vice President and Chief Financial Officer (CFO), succeeding Ismael Roig, who has been serving in an interim capacity. Mr. Patolawala brings a wealth of experience from his previous roles at 3M Company, including President and CFO, and prior executive finance positions at GE Healthcare and GE Transportation. The appointment is accompanied by a comprehensive compensation package designed to attract Mr. Patolawala and replace incentives forfeited from his previous employer. This includes a substantial base salary, annual bonus and equity awards, and significant one-time make-whole awards in both cash and equity. Investors should note the structure of these awards, particularly the performance stock units and restricted stock units, as they represent a considerable investment in the company's future financial leadership.

8-K

Archer-Daniels-Midland Co 8-K Report, Shareholder Vote Results (May 29, 2024)

May 29, 2024

Archer-Daniels-Midland Company (ADM) has filed an 8-K report detailing the outcomes of its 2024 Annual Meeting of Stockholders held on May 23, 2024. The meeting saw routine shareholder matters addressed, with a strong affirmation of the company's current leadership and strategic direction. All director nominees presented were elected by a significant majority, indicating shareholder confidence in the current board's governance. Additionally, the compensation of named executive officers received advisory approval, and the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2024 was ratified, underscoring shareholder support for established audit practices. Notably, a shareholder proposal advocating for an Independent Board Chairman did not pass, receiving a majority of 'Against' votes. This outcome suggests that the current board structure and leadership model are favored by the majority of ADM's voting shareholders. Overall, the meeting's results reflect a stable shareholder environment, with broad support for the company's existing governance and auditing arrangements, while also signaling a preference against changes to the board's leadership structure at this time.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Apr 30, 2024)

Apr 30, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on April 30, 2024, to report its first quarter financial results. The primary purpose of this filing is to incorporate by reference the press release announcing these results, which provides details on the company's operational performance and financial condition for the period ending March 31, 2024. Investors should review the referenced press release for comprehensive financial data and management's commentary. It is important for investors to note that ADM is referencing non-GAAP financial measures in its earnings announcement. A reconciliation of these non-GAAP measures to their GAAP equivalents is included within the press release, allowing for a complete understanding of the company's financial reporting. This 8-K serves as a formal notification of the release of these results and associated financial exhibits.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q1 Ended Mar 31, 2024

Apr 30, 2024

Archer-Daniels-Midland Company (ADM) reported its first-quarter 2024 financial results, showing a decrease in net earnings attributable to controlling interests to $729 million from $1.17 billion in the prior year's comparable period. This decline was primarily driven by lower commodity prices and volumes across its Ag Services and Oilseeds, and Carbohydrate Solutions segments. Despite the top-line revenue decrease of $2.2 billion, ADM maintained solid operational execution in its Nutrition segment, which saw comparable revenues year-over-year, and demonstrated robust cash generation from operations. The company completed significant acquisitions in the quarter, adding capabilities to its Nutrition business. ADM also continued its capital return program, repurchasing $1.3 billion in stock and paying $0.3 billion in dividends. Management highlighted the challenging market conditions, particularly in the agriculture cycle, but remains focused on its strategic pillars of Productivity, Innovation, and Culture to drive future growth. Investors should note the ongoing SEC investigation into intersegment sales, which has led to a material weakness in internal controls over financial reporting, though this has not impacted consolidated financial statements.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Apr 22, 2024)

Apr 22, 2024

This 8-K filing from Archer-Daniels-Midland Co. (ADM) announces a Transition Agreement with Vikram Luthar, the Executive Vice President and Chief Financial Officer. Mr. Luthar will resign from his executive role effective September 30, 2024, though this date may be earlier if mutually agreed. During this transition period, he will serve as a non-executive employee, providing transitional support. This agreement outlines Mr. Luthar's compensation and benefits during and after his transition. He will receive his 2023 performance incentive and earned shares from a 2021 award, consistent with other executives. He will continue to receive his base salary and benefits during the transition. Post-resignation, he is eligible for a prorated 2024 performance incentive (if employed through July 1, 2024) and retirement treatment for outstanding equity awards, meeting age and service requirements.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Mar 20, 2024)

Mar 20, 2024

This 8-K filing from Archer-Daniels-Midland Co (ADM) primarily details the compensation arrangements for Ismael Roig during his tenure as Interim Chief Financial Officer. Appointed on January 21, 2024, Mr. Roig will receive a monthly cash stipend of $35,000, in addition to his base salary, for his service in this interim role. This stipend will be pro-rated for any partial months served. Furthermore, Mr. Roig has been granted restricted stock units (RSUs) valued at $1,000,000 as of March 18, 2024. These RSUs are subject to a one-year vesting period, contingent on his continued service. The filing also outlines specific conditions regarding forfeiture or continued vesting of these RSUs in the event of Mr. Roig's retirement, particularly in relation to the appointment of a permanent CFO. This information is crucial for investors to understand the financial implications and incentive structures associated with the company's interim CFO leadership.

10-K

Archer-Daniels-Midland Co Annual Report, Year Ended Dec 31, 2023

Mar 12, 2024

Archer-Daniels-Midland Company (ADM) reported its 2023 full-year results, showcasing resilience across its diverse agribusiness segments despite a challenging market environment. The company's strategic focus on Productivity, Innovation, and Culture continues to guide its operations, aiming to optimize costs, drive growth through sustainable solutions, and foster an agile organization. While facing headwinds such as softer demand in certain consumer-facing nutrition categories and inflationary pressures, ADM demonstrated strong performance in its Ag Services and Oilseeds segment, particularly driven by record soybean production in Brazil and demand for sustainable biofuels. The company is actively managing its operational and financial risks, including navigating geopolitical uncertainties and implementing strategies to mitigate the impact of climate change. ADM is also addressing a previously disclosed internal investigation into certain accounting practices related to intersegment sales. While this investigation has led to the identification of a material weakness in internal controls and government inquiries, the company is cooperating fully and implementing remediation plans. The impact of these adjustments on consolidated financial statements was deemed immaterial, but segment-specific financial information has been revised. Looking ahead, ADM remains committed to its sustainability goals and innovation pipeline, investing in new technologies and partnerships to deliver value for its stakeholders. The company's strong liquidity position and ongoing share repurchase program underscore its financial health and commitment to returning capital to shareholders, even as it navigates regulatory scrutiny and market dynamics.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Mar 12, 2024)

Mar 12, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on March 12, 2024, primarily to announce its fourth quarter and full-year 2023 financial results. The filing incorporates by reference a press release (Exhibit 99.1) that details these results. Investors should note that the company is referencing non-GAAP financial measures, and reconciliations to GAAP equivalents are provided within the press release, which is a standard practice but requires careful review by investors to understand the company's performance from different perspectives. While the 8-K itself is brief and directs readers to the press release for detailed financial performance, the core takeaway for investors is the release of Q4 and annual earnings. The attached press release will contain the crucial metrics on revenue, profit, segment performance, and any forward-looking statements or management commentary regarding the company's outlook. Investors are advised to examine the press release thoroughly for specific financial figures, profitability trends, and any strategic updates that may impact future performance and stock valuation.

8-K

Archer-Daniels-Midland Co 8-K Report, Regulation FD Disclosure (Jan 26, 2024)

Jan 26, 2024

Archer-Daniels-Midland Company (ADM) filed an 8-K on January 26, 2024, primarily to furnish an employee message dated January 26, 2024, as Exhibit 99.1. This filing does not contain new financial results or material operational updates beyond the communication to employees. Investors should note that the information furnished is not deemed "filed" for purposes of Section 18 of the Exchange Act, and therefore, does not carry the same legal implications as a formally filed document. The company also included a standard cautionary note regarding forward-looking statements, emphasizing the potential risks and uncertainties that could affect actual outcomes, particularly concerning ongoing investigations and the timely release of 2023 financial results.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Jan 22, 2024)

Jan 22, 2024

Archer-Daniels-Midland Co (ADM) filed an 8-K on January 22, 2024, primarily to announce significant leadership changes and an ongoing investigation that will delay its financial reporting. The CFO, Vikram Luthar, has been placed on administrative leave pending an investigation into certain accounting practices and procedures within the Nutrition reporting segment, specifically concerning intersegment transactions. This investigation was prompted by a voluntary document request from the Securities and Exchange Commission (SEC), and ADM states it is cooperating fully. In light of these developments, ADM has appointed Ismael Roig as Interim Chief Financial Officer. Mr. Roig brings extensive experience within ADM, having previously held leadership roles across various segments and international operations, including President of EMEA and President of Animal Nutrition. The company also announced an expected delay in the release of its fourth quarter and full year 2023 financial results, as well as the filing of its 10-K, citing these ongoing matters. Investors should monitor the progress and findings of the investigation as it will be critical to understanding the financial impact and future outlook of the company.

8-K

Archer-Daniels-Midland Co 8-K Report, Executive Changes (Nov 13, 2023)

Nov 13, 2023

Archer-Daniels-Midland Company (ADM) announced a significant leadership change within its Nutrition segment via an 8-K filing on November 13, 2023. Vincent F. Macciocchi, Senior Vice President, President, Nutrition, and Chief Sales and Marketing Officer, will be retiring effective December 31, 2023. This transition marks the end of Mr. Macciocchi's tenure, during which he played a key role in the company's Nutrition business. He will assist in a transition period through the end of the year to ensure a smooth handover. Taking over Mr. Macciocchi's responsibilities, effective November 10, 2023, is Ian Pinner. Mr. Pinner, formerly Senior Vice President of Strategy and Innovation, will now assume the roles of Senior Vice President, President, Nutrition, and Chief Sales and Marketing Officer. This appointment signals a strategic shift or continuation of strategy within ADM's Nutrition division, with Mr. Pinner bringing his experience in strategy and innovation to this critical leadership position. Investors should monitor the performance of the Nutrition segment under Mr. Pinner's leadership.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q3 Ended Sep 30, 2023

Oct 24, 2023

Archer-Daniels-Midland Co. (ADM) reported revenues of $21.7 billion for the three months ended September 30, 2023, a decrease from $24.7 billion in the prior year period. Net earnings attributable to controlling interests were $821 million ($1.52 per diluted share), down from $1.03 billion ($1.83 per diluted share) in the same period last year. This decline was primarily driven by lower segment operating profit across Ag Services and Oilseeds, and Nutrition, influenced by factors such as reduced sales prices for key commodities and softer demand in certain food and beverage categories. Despite the year-over-year decline in earnings, ADM demonstrated resilience with stable gross profit and a continued focus on strategic initiatives. The company's Carbohydrate Solutions segment saw improved operating profit, and overall cash flow from operations remained substantial. ADM continues to invest in innovation and sustainability, exemplified by its regenerative agriculture program and new facility openings. The company maintains a strong liquidity position with significant unused credit facilities, supporting its ongoing capital allocation priorities including dividends and share repurchases.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Oct 24, 2023)

Oct 24, 2023

Archer-Daniels-Midland Company (ADM) filed an 8-K on October 24, 2023, to announce its third quarter 2023 results. The filing primarily incorporates by reference a press release detailing these financial outcomes. Investors should note that ADM utilizes non-GAAP financial measures in its reporting, with reconciliations provided in the press release. This 8-K serves as the formal notification of the quarterly results and provides access to the detailed financial information through the attached press release.

10-Q

Archer-Daniels-Midland Co Quarterly Report (Amendment) for Q2 Ended Jun 30, 2023

Sep 11, 2023

Archer-Daniels-Midland Co. (ADM) reported net earnings attributable to controlling interests of $927 million ($1.70 diluted EPS) for the three months ended June 30, 2023, a decrease from $1,236 million ($2.18 diluted EPS) in the prior-year period. For the six months ended June 30, 2023, net earnings were $2,097 million ($3.82 diluted EPS), down from $2,290 million ($4.03 diluted EPS) in the same period of 2022. The decline in profitability was primarily driven by lower results in the Ag Services and Oilseeds segment, particularly in Crushing and Ag Services, along with a notable decrease in the Carbohydrate Solutions segment. Despite the year-over-year earnings decrease, ADM demonstrated resilience in its liquidity position. Cash provided by operating activities was $0.9 billion for the first six months of 2023, a significant improvement from a cash usage of $0.7 billion in the prior-year period. The company maintained a strong balance sheet with total assets of $55.5 billion and shareholders' equity of $25.0 billion as of June 30, 2023. ADM also returned capital to shareholders through share repurchases totaling $1.0 billion and dividends of $0.5 billion in the first six months of 2023, and has approximately $12.7 billion in total available liquidity.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q2 Ended Jun 30, 2023

Jul 25, 2023

Archer-Daniels-Midland Company (ADM) reported a decrease in revenues and net earnings for the second quarter and first half of 2023 compared to the same periods in the prior year. Revenues for the second quarter declined to $25.19 billion from $27.28 billion in Q2 2022, while net earnings attributable to controlling interests fell to $927 million from $1,236 million. This decline was primarily driven by lower sales prices across various segments, particularly in Ag Services and Oilseeds, and softer demand in some Nutrition product categories. Despite the year-over-year decrease, ADM's performance in the quarter showed sequential improvement in certain areas, with higher results in Refined Products and Other, and Ag Services segments. The company also continued to invest in strategic growth initiatives, including new facilities and innovation centers, and maintained a strong liquidity position. Management highlighted ongoing efforts focused on Productivity, Innovation, and Culture to drive future growth and efficiencies.

8-K

Archer-Daniels-Midland Co 8-K Report, Financial Results (Jul 25, 2023)

Jul 25, 2023

Archer-Daniels-Midland Company (ADM) filed an 8-K on July 25, 2023, to announce its second quarter results. The filing primarily references a press release (Exhibit 99.1) detailing these results and includes a reconciliation of non-GAAP financial measures to GAAP. Investors should refer to the press release for the specifics of the company's performance in the quarter. While this 8-K doesn't provide direct financial figures, it signals ADM's adherence to regulatory disclosure requirements for material events. The emphasis on a separate press release suggests that the detailed financial performance, including revenue, earnings per share, and segment performance, is contained within that document. Investors looking for in-depth analysis of ADM's Q2 2023 performance will need to consult the referenced press release for actionable insights into operational achievements, challenges, and future outlook.

8-K

Archer-Daniels-Midland Co 8-K Report, Shareholder Vote Results (May 8, 2023)

May 8, 2023

Archer-Daniels-Midland Company (ADM) filed an 8-K on May 8, 2023, reporting the outcomes of its 2023 Annual Meeting of Stockholders held on May 4, 2023. The filing confirms that all director nominees were elected, and the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2023, was ratified. Additionally, stockholders provided advisory approval for the compensation of named executive officers and supported holding this advisory vote on an annual basis. Notably, a stockholder proposal seeking an Independent Board Chairman did not pass, indicating that current board leadership structures will remain in place. The overwhelming support for director elections, auditor ratification, and executive compensation approval suggests general investor confidence in the company's current governance and financial oversight. Investors can view this meeting's outcomes as a sign of stability in ADM's leadership and audit functions.

10-Q

Archer-Daniels-Midland Co Quarterly Report for Q1 Ended Mar 31, 2023

Apr 25, 2023

Archer-Daniels-Midland Company (ADM) reported solid financial results for the first quarter of 2023, with revenues increasing to $24.1 billion from $23.7 billion in the prior year period. Net earnings attributable to controlling interests also saw a healthy rise to $1.17 billion, up from $1.05 billion in the first quarter of 2022. This performance was driven by higher sales prices across segments, particularly in Ag Services and Oilseeds, and improved operational execution. Despite some headwinds such as softer demand in certain Nutrition categories and elevated ethanol stocks, ADM demonstrated resilience. The company continued to invest in its strategic pillars of Productivity, Innovation, and Culture, including opening a new probiotics facility in Spain and announcing a joint venture for an innovation center. ADM's liquidity remains strong, with ample cash and unused credit facilities, supporting ongoing capital expenditures, share repurchases, and dividend payments.