Yahoo Finance

• Adjusted Earnings Per Share (EPS): $0.70 for the first quarter.

• Total Segment Operating Profit: $747 million for the quarter.

• Trailing Four Quarter Adjusted ROIC: 7%.

• Cash Flow from Operations Before Working Capital Changes: $439 million.

• AS&O Segment Operating Profit: $412 million, down 52% compared to the prior year quarter.

• Ag Services Subsegment Operating Profit: $159 million, down 31% versus the prior year quarter.

• Crushing Subsegment Operating Profit: $47 million, down 85% compared to the prior year quarter.

• Refined Products and Other Subsegment Operating Profit: $134 million, down 21% compared to the prior year quarter.

• Equity Earnings from Wilmar: $72 million, down 52% compared to the prior year quarter.

• Carbohydrate Solutions Segment Operating Profit: $240 million, down 3% compared to the prior year quarter.

• Starches and Sweeteners Subsegment Operating Profit: $207 million, down 21% compared to the prior year quarter.

• Vantage Corn Processors Subsegment Operating Profit: $33 million, up compared to the prior year quarter.

• Nutrition Segment Revenues: $1.8 billion, down 1% compared to the prior year quarter.

• Nutrition Segment Operating Profit: $95 million, up 13% versus the prior year quarter.

• Human Nutrition Subsegment Operating Profit: $75 million, down 1% compared to the prior year quarter.

• Animal Nutrition Subsegment Operating Profit: $20 million, higher than the prior year quarter.

• Cash Returned to Shareholders: $247 million in the form of dividends in the quarter.

• Full Year Adjusted EPS Guidance: Expected to be between $4 to $4.75 per share, likely at the lower end of the range.

• Warning! GuruFocus has detected 5 Warning Sign with ADM.

Release Date: May 06, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• ADM reported adjusted earnings per share of $0.70, aligning with market expectations.

• The carbohydrate solutions team delivered solid results, supported by positive margins in sweeteners and strong execution in ethanol.

• Nutrition segment operating profit increased by 13% year-over-year, driven by improvements in flavors and animal nutrition.

• ADM achieved the lowest total recordable incident rate in its history, highlighting a strong focus on safety.

• The company made significant progress on its cost-saving target, aiming for $500 million to $750 million in savings over the next three to five years.

Negative Points

• AS&O segment operating profit was down 52% compared to the prior year, impacted by lower margins across all subsegments.

• Trade policy uncertainty, particularly with Canada and China, created volatility and negatively affected canola meal and oil margins.

• Crushing subsegment operating profit decreased by 85%, with significantly lower global soybean and canola crush execution margins.

• Refined products and other subsegment operating profit fell by 21% due to lower biodiesel and refining margins.

• The company expects to be at the lower end of its full-year adjusted EPS guidance due to current market conditions.