Seeking Alpha

ADM doubles 2014 cost-savings target to $400M

  • Archer Daniels Midland (ADM +0.2%) says it is doubling its cost-cutting target for 2014, aiming for $400M in run-rate savings by year’s end.
  • ADM reached its earlier year-end goal of $200M in run-rate cost savings more than a half-year ahead of schedule through an emphasis on maintenance, procurement and improvements in energy efficiency and process technology, COO Juan Luciano says.
  • Based on ADM’s objective of achieving, on average, return on invested capital of 200 bps above its weighted average cost of capital, Luciana says ADM will aim to average a 10% ROIC when the U.S. interest rate environment returns to more normal historical levels.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs