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May 5, 2026 Source: ADM news release CHICAGO -- ADM (NYSE: ADM) today reported financial results for the quarter ended March 31, 2026 and updated its full-year 2026 outlook. First-quarter 2026 Key Takeaways: *Net earnings of $298 million, with adjusted net earnings 1 of $345 million; results included net negative mark-to-market and timing impacts 3 of approximately $275 million *EPS 2 of $0.62, with adjusted EPS 1,2 of $0.71 2026 Outlook4: *ADM now expects 2026 adjusted EPS 1,2 of approximately $4.15 to $4.70, up from the prior adjusted EPS 1,2 guidance range of $3.60 to $4.25 *The updated outlook assumes continued progress related to company priorities and reflects expected earnings improvement primarily in ADM's crushing and ethanol businesses as a result of the finalization of the 2026 and 2027 renewable volume obligations ("RVO") under the U.S. Renewable Fuels Standard in March of 2026 *External factors will continue to be monitored, and include consumer trends, energy costs, supply chain dislocations, ethanol developments, and evolving global trade and tariff conditions *Capital expenditures continue to be projected to be in the range of $1.3 to $1.5 billion "Within a dynamic global landscape, ADM delivered robust operating performance in the first quarter, with our crushing and ethanol businesses capitalizing on a constructive biofuels environment and our Nutrition business benefiting from higher Flavors sales, the ongoing Decatur East plant recovery, and continued improvements in Animal Nutrition. With U.S. biofuels policy clarity now providing a stable regulatory framework, combined with our team's solid execution, we are raising our earnings expectations for 2026," said Juan Luciano, Chair of the Board and CEO. Agriculture Services and Oilseeds Summary (AS&O) AS&O segment operating profit was $273 million for the first quarter of 2026, a decrease of 34% compared to the prior year quarter. The year-over-year decrease was primarily due to net negative mark-to-market and timing impacts attributable to the strengthening commodity environment as a result of U.S. biofuels policy clarity. Current period results included approximately $275 million of net negative mark-to-market and timing impacts, of which roughly 70% was attributable to Crushing, 20% to Refined Products and Other, and 10% to Ag Services. Prior year quarter results included net negative impacts of approximately $22 million, of which the majority related to Ag Services. Ag Services subsegment operating profit was 26% higher compared to the prior year quarter, supported by higher export activity from North America, which included increased soybean and sorghum shipments to China and strong corn exports. The prior year quarter also was impacted by certain export duties. Crushing subsegment operating profit was lower by $126 million compared to the prior year quarter. The decrease was attributable to net negative mark-to-market and timing impacts, with the movement being driven by the strengthening margin environment. Plant processed volumes improved in the first quarter of 2026, with oilseed tonnage produced increasing by 2% compared to prior year quarter. Additionally, soybean meal sales remained strong throughout the quarter. Refined Products and Other subsegment operating profit was 36% lower compared to the prior year quarter. The decrease largely resulted from net negative mark-to-market and timing impacts in the current quarter. Similar to the Crushing subsegment, the movement in mark-to-market and timing impacts stemmed from the strengthening margin environment. Equity earnings from the company's investment in Wilmar were approximately 8% lower compared to the prior year quarter and exclude $55 million of charges reported as specified items. To read the entire report click here. Tweet |
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