Learnings from the Earnings – Who’s Up? Who’s Down?

March 23, 2019 |

ADM

The Top Line. Full year adjusted segment operating profit of $3.4 billion, 26% higher than 2017; adjusted EPS, 44% higher year-over-year; strong operating cash flows, up more than 40%. Net earnings of $315 million. Fourth quarter adjusted earnings per share of $0.88, up from $0.82 in the prior year quarter. Adjusted segment operating profit was $860 million.

The Big Highlights. Oilseeds results were more than double the prior-year period. Merchandising and Handling results were lower than the prior-year period, which included significant insurance settlements and other income. Carbohydrate Solutions results were lower than the year-ago quarter. Nutrition results were down versus the prior-year period.

“Our team executed well, delivering strong year-over-year profit growth in the fourth quarter,” said Chairman and CEO Juan Luciano. “Looking back on the full year, the team did a great job focusing on the items we could control, as we continued innovating to serve customer needs and advancing our strategic priorities. Our effective management through complicated and rapidly changing trade, geopolitical and market conditions helped deliver an impressively strong 2018 that included solid profit growth, improved returns on invested capital and higher cash flows.

Check out more on the story here.

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