What is Archer-Daniels-Midland's latest dividend and current dividend yield?

What were the key takeaways from Archer-Daniels-Midland’s earnings call?

Did Archer-Daniels-Midland beat or miss consensus estimates last quarter?

What is Archer-Daniels-Midland's gross profit margin?

What factors drove the changes in Archer-Daniels-Midland's revenue and profit?

What does Archer-Daniels-Midland do and what are its main business segments?

What guidance did Archer-Daniels-Midland's management provide for the next earnings period?

What were the key takeaways from Archer-Daniels-Midland's earnings call?

- **EPS Revision**: Full-year 2025 EPS guidance lowered to $3.25-$3.50 due to delayed biofuel policy and soft crush margins.
- **Cost Savings Progress**: On track for $200-300M cost savings in 2025, with $500-750M over 3-5 years.
- **Strategic Moves**: JV with Alltech to pivot Animal Nutrition to specialty ingredients; Nutrition segment operating profit up 24% YoY.
- **Cash Flow Strength**: $2.1B cash flow year-to-date, inventory reduced by $3.2B, net leverage 1.8x.
- **Policy Impact**: U.S. biofuel policy clarity needed for 2026 crush margin recovery; RINs could lead to soybean oil demand surge.

**【CEO Summary Section】**
- Reported adjusted EPS of $0.92 and total segment operating profit of $845 million for Q3 2025.
- Full-year 2025 EPS guidance revised to $3.25-$3.50 due to delayed U.S. biofuel policy and soft crush margins.
- Self-help initiatives on track for $200-300 million cost savings in 2025, with $500-750 million over 3-5 years.
- AS&amp;O segment impacted by policy delays, but Ag Services export volumes reached a 9-year high in September.
- Nutrition segment operating profit up 24% YoY, driven by Flavors growth and biotic demand.

**【CFO Financial Commentary】**
- AS&amp;O segment operating profit down 21% YoY to $379 million, driven by lower crush margins and policy uncertainty.
- Carbohydrate Solutions operating profit down 26% YoY to $336 million due to soft demand in starches and sweeteners.
- Cash flow from operations before working capital changes at $2.1 billion year-to-date, with inventory reduction of $3.2 billion.
- Net leverage ratio improved to 1.8x, targeting 2.0x by year-end.
- Q4 2025 outlook: AS&amp;O crush margins expected to remain flat to slightly up QoQ, with ethanol EBITDA margins 10% lower than Q4 2024.

**【Q&A Highlights】**
- **Crush Margins & Policy**: Q4 crush margins expected flat to slightly up QoQ, but 2026 outlook optimistic if U.S. biofuel policy finalized. RINs could pop first, driving soybean oil demand and crush margins.
- **JV with Alltech**: Animal Nutrition JV to focus on higher-margin specialty ingredients, with remaining ADM business targeting 20%+ EBITDA margin.
- **Trade Dynamics**: China trade deal could boost U.S. soybean exports, but timing and volume details remain unclear. Argentina tax holiday may increase South American crush activity.
- **Nutrition Seasonality**: Q4 Flavors volume typically down 15% YoY due to beverage seasonality, offset by Decatur East plant ramp-up.
- **Insurance Proceeds**: Q4 2025 insurance proceeds split 50/50 captive vs. third-party, vs. 90% third-party in prior year.

ADM

ADM fundamentals

You can ask Aime