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1ST QUARTER: ADM'S REVENUES UP 25%, EARNINGS UP 53%: $1.05 BILLION
Source: ADM news release

CHICAGO--ADM (NYSE: ADM) today reported financial results for the quarter ended March 31, 2022.

"I'm very proud of how our team lived our culture and fulfilled our purpose over the last quarter, as they continued to serve the world's need for nutrition in a dynamic global environment," said Chairman and CEO Juan Luciano.

"Our first quarter financial results, including adjusted earnings per share of $1.90, reflect an extension and amplification of the factors that drove our 2021 performance:

*Great execution by our team, including exceptional growth in Nutrition and effective risk management;

*A tighter supply environment, especially with the smaller South American crop; and

*Robust and resilient demand.

"Importantly, I'm also very appreciative of how our company has rallied to support our colleagues in Ukraine and the country's agriculture industry.

"Looking forward, we expect reduced crop supplies - caused by the weak Canadian canola crop, the short South American crops, and now the disruptions in the Black Sea region - to drive continued tightness in global grain markets for the next few years.

"Longer term, markets continue to reflect the importance of the enduring global trends that are fueling performance across our portfolio by driving demand for our products. And within ADM, our productivity and innovation efforts are continuing to help us deliver on the evolving needs of our customers.

Considering these factors, we expect 2022 results to exceed 2021's."

To read the entire report click here.


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