What caused ADM's earnings decline in 2024?

Archer-Daniels-Midland (ADM) experienced a decline in diluted EPS and net income in 2024 compared to the previous year, primarily due to **accounting issues and operational challenges**:

1. **Accounting Problems**: ADM had to amend its financial reporting in March and November 2024 due to improper accounting practices related to sales between its nutrition division and other core business units. These accounting issues led to a criminal investigation and damaged the company's credibility with investors.
2. **Management and Leadership**: The issues were exacerbated by the alleged lack of action from CEO Juan Luciano to address the accounting problems and stem company losses. Shareholders have called for his resignation, citing his failure to communicate transparently with investors about the scandals and to protect the company from long-term damage.

In summary, ADM's earnings decline in 2024 was primarily caused by accounting issues and the perceived mismanagement by the company's leadership.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|ADM|ADM.N|Archer-Daniels-Midland|2024 Q1|-38.6518771331058|-9.243104021269524|-33.01886792452831|169|
|ADM|ADM.N|Archer-Daniels-Midland|2024 Q2|-48.168103448275865|-11.67923779277491|-42.35294117647059|169|
|ADM|ADM.N|Archer-Daniels-Midland|2024 Q3|-97.81553398058253|-8.103249596681263|-97.36842105263158|169|
|ADM|ADM.N|Archer-Daniels-Midland|2024 Q4|3.505535055350553|-6.440943511184612|10.377358490566026|169|