ADM Reports Third Quarter Earnings per Share of $1.83, $1.86 on an Adjusted Basis
- Net earnings and adjusted earnings of about $1.0 billion
- Trailing four-quarter average adjusted ROIC of 13%
CHICAGO–(BUSINESS WIRE)– ADM (NYSE: ADM) today reported financial results for the quarter ended September 30, 2022.
“I’m proud of our team for delivering yet another quarter of strong results by supporting the global food system and providing needed nutrition to billions,” said Chairman and CEO Juan Luciano. “Global demand remains robust, and our adjusted EPS of $1.86 is a reflection of our team’s expertise in managing dynamic market conditions, as well as the unique benefits of our integrated global value chain and our product portfolio.
“Today’s ADM is a resilient company, with a broad global footprint and an array of innovative capabilities that are driving performance for customers, consumers and shareholders. And with strong cash flows, we’re advancing productivity initiatives to enhance cost efficiencies and returns; driving innovation efforts to build new capabilities and growth engines across all of our businesses; and continuing to return capital to our shareholders. We’re well positioned to end 2022 strong, and carry that momentum into 2023.”
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