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Archer Daniels Midland Co. (ADM)

  • Thu, May 21, 3:59 PM
    • Archer Daniels Midland (ADM +0.9%) says it is expanding grain export capacity at its Puerto San Martin port in Argentina to help boost shipments from the country.
    • The expansion, to be completed by early 2016, will include a new berth for unloading barges and additional grain storage, and will increase the terminal's capacity to ~2.5M metric tons from ~2M.
    • The investment comes after several recent strategic deals by ADM aimed at reaching its goals of doubling its grain origination over the next decade.
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  • Mon, May 18, 10:34 AM
    • Archer Daniels Midland (ADM -0.5%) acquires Meiweiyuan Biotechnology for an undisclosed amount.
    • The deal for the Chinese sweetener manufacturer is expected to close in the next couple of weeks.
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  • Thu, May 7, 5:14 PM
    • Archer Daniels Midland (NYSE:ADM) declares $0.28/share quarterly dividend, in line with previous.
    • Forward yield 2.23%
    • Payable June 11; for shareholders of record May 21; ex-div May 19.
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  • Tue, May 5, 10:53 AM
    • Enhancing the company's European origination and transportation network, Archer Daniels Midland (ADM +0.1%) has reached an agreement to acquire complete ownership of North Star Shipping and Minmetal.
    • "We’ve talked about the potential to double the volume of our grain business. Here, we're taking a great step in that direction with this strategic expansion of our European network," said ADM's Joe Taets.
    • North Star and Minmetal operate grain elevators, bulk commodity storage and warehousing, port services, stevedoring operations and a shipping agency at the mouth of the Danube River.
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  • Tue, May 5, 8:26 AM
    • Net earnings of $493M vs. $267M in the same quarter a year ago. Adjusted earnings per share of $0.77 vs. $0.55 in the same period last year.
    • Profit for ADM's (NYSE:ADM) corn-processing business dropped 49.4% to $127M due to lower ethanol volumes and weaker industry volumes, while the company's oilseeds-processing business reported a profit increase of 46.3% to $483M.
    • Agricultural Services increased 36.6% to $52M on improved U.S. and global grain merchandising results; Wild Flavors and Specialty Ingredients earned $68M in the first reporting period for the unit.
    • Returned $0.7B to shareholders through dividends and the repurchase of 12M shares.
    • Q1 results
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  • Tue, May 5, 7:08 AM
    • Archer Daniels Midland (NYSE:ADM): Q1 EPS of $0.77 beats by $0.06.
    • Revenue of $17.51B (-15.4% Y/Y) misses by $3.07B.
    • Press Release
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  • Wed, Apr. 22, 4:58 PM
    • Archer Daniels Midland (NYSE:ADM) says it has received FAA approval to fly drones that will locate and assess crop damage, helping it expedite the processing of crop insurance claims.
    • ADM says it will continue to develop and test the technology through the 2015 crop year, with a planned launch of the system for customers in the midwest by 2016.
    • While the FAA bans commercial drone use, it has granted exemptions to operators who track crop yields, monitor oil and gas facilities, and inspect power lines and smokestacks.
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  • Tue, Mar. 31, 4:37 PM
    • Archer Daniels Midland (NYSE:ADM) pledges to curb deforestation that results from the farming of soybeans and palm trees, developing ways to trace crops it processes and make those supply chains transparent.
    • ADM - among the world's largest traders of crops - buys all of its soy and almost all of its palm oil from third parties; under the new policy, it "commits to build traceable and transparent agricultural supply chains that protect forests worldwide."
    • ADM’s move comes as global agricultural companies face pressure from environmental and consumer groups to take greater responsibility for the way their products are produced, ranging from cultivation to labor practices.
  • Mon, Mar. 30, 8:10 AM
    • Archer Daniels Midland (NYSE:ADM) has reached an agreement to purchase AOR, a oil bottling company based in Belgium.
    • "This acquisition will allow us to expand our product offerings and customer base in Europe," said Matt Jansen, president of ADM’s Oilseeds Processing business.
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  • Mon, Mar. 30, 7:54 AM
    • Archer Daniels Midland (NYSE:ADM) reaches a deal to buy private oil bottling firm AOR N.V.
    • The Belgian company distributes edible oils across Europe.
    • Financial terms on the acquisition weren't disclosed.
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  • Tue, Mar. 3, 7:21 AM
    • Archer Daniels Midland's (NYSE:ADM) chief financial officer will assume oversight of business in Asia as the company looks accelerate its strategy in the fast-growing region, announced Chief Executive Juan Luciano.
    • ADM also named Mark Bemis, who was a senior vice president and the president of corn processing, as the president of North America operations.
    • Bemis will be responsible for "finding new pockets of growth in the U.S.," as well as expanding business in Mexico and Canada," said Luciano.
    • ADM -0.6% premarket
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  • Tue, Feb. 24, 7:07 AM
    • The European Commission has opened an in-depth investigation into Cargill's $440M planned acquisition of Archer Daniels Midland's (NYSE:ADM) chocolate business, saying the deal could lead to higher prices.
    • Previously expecting the deal to close by July 1, ADM is "now targeting closing in mid-2015," announced spokeswoman Jackie Anderson.
    • The EU executive has until July 8 to investigate the purchase.
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  • Tue, Feb. 3, 10:29 AM
    • Archer Daniels Midland (ADM -0.7%) announces it will sell a 50% stake in a export terminal in Brazil to Glencore.
    • The joint venture that will run the facility aims to quadruple capacity to 6M metric tons.
    • Terms of the deal weren't disclosed.
    • A closing is expected in the first half of the year.
    • Previously: ADM reports heavy profit rise, misses revenue forecast
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  • Tue, Feb. 3, 7:50 AM
    • Archer Daniels Midland (NYSE:ADM) reported higher quarterly profit as strong U.S. grain exports and oilseed and soybean earnings powered results.
    • Fourth-quarter net earnings came in at $701M, sharply higher than $374M in the prior-year quarter. Adjusted earnings per share were $1.00, up from $0.95 in the same period last year.
    • The company repurchased 9.4M shares during the quarter, and returned more than $1.8B to shareholders through dividends and share repurchases in 2014.
    • ADM also closed on the acquisitions of Wild Flavors and Specialty Commodities in Q4.
    • Q4 results
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  • Tue, Feb. 3, 7:02 AM
    • Archer Daniels Midland (NYSE:ADM): Q4 EPS of $1.00 beats by $0.06.
    • Revenue of $20.89B (-13.5% Y/Y) misses by $3.06B.
    • Press Release
    | 1 Comment
  • Mon, Jan. 5, 6:43 PM
    • Crude oil's latest skid added more pressure on shares of ethanol producers today, reflecting concerns that cheaper gasoline prices could further depress ethanol prices following last year's big profits.
    • Archer Daniels Midland (NYSE:ADM), which maintains the largest U.S. ethanol production capacity, tumbled 3.5%; Green Plains (NASDAQ:GPRE), whose plants boast production capacity of ~1B gal./year of ethanol, plunged 10.2%; and Pacific Ethanol (NASDAQ:PEIX), which just last week added to its bet on ethanol by acquiring a rival, fell 7.7%.
    • Falling profit margins in the U.S. ethanol industry may cause some companies to cut production in 2015, yet some observers think ethanol demand may remain steady or even rise if cheap gasoline spurs U.S. motorists to drive more, easing the hit to earnings.
    • Count Roth Capital in the latter camp, as the firm awarded Buy ratings to GPRE and PEIX (I, II), seeing incrementally improving demand on top of an already tight supply-demand balance as supporting an improving profit outlook.
    | 1 Comment
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Company Description
Archer-Daniels Midland Co is a processor of oilseeds, corn, wheat, cocoa, and other feedstuffs and is a manufacturer of vegetable oil and protein meal, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.
Industry: Farm Products
Country: United States