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FULL YEAR: ADM'S REVENUES DOWN 8%, EARNINGS DOWN 31%
Source: ADM news release

To read the entire report click here.

Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended December 31, 2016. "We capitalized on an improved environment, delivering stronger fourth quarter performance after working through difficult market conditions earlier in the year," said ADM Chairman and CEO Juan Luciano.

"Ag Services saw strong results in North America and weak results from the global trade desk. The Corn business delivered a good quarter, led by sweeteners and starches, and saw solid results from bioproducts.

"Oilseeds results were comparable to last year despite lower global crush margins.

"In WFSI, WILD Flavors continued to deliver earnings growth, while some of our specialty ingredients businesses faced challenges, which we are addressing.

"We have continued to take important steps to advance our strategic plan by completing additional acquisitions, organic growth projects and portfolio management actions; exceeding our 2016 target for run-rate cost savings; and progressing in our efforts to reduce capital intensity.

"In line with our balanced capital allocation framework, we returned $1.7 billion to shareholders in dividends and share buybacks during the year.

"With expected improvements across all of our businesses throughout the year and additional contributions from recent projects and new facilities as they ramp up, we are optimistic about improving results throughout 2017."


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