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Archer-Daniels-Midland Co [ADM] reports $18 million quarterly net profit

Archer-Daniels-Midland Co [ADM] reports $18 million quarterly net profit

Company generates $19.9 billion in revenue

By USinMinutes
Published - Nov 19, 2024, 02:04 AM ET
Last Updated - Nov 21, 2024, 03:17 AM EST

Archer-Daniels-Midland Co Archer-Daniels-Midland Co [ADM] has reported $18 million quarterly profit, an decrease of $701 million from the previous quarter, the company said in a filing to the SEC for the Q3 ended Sep 30, 2024.

Archer Daniels Midland reported the quarterly diluted earnings per share (EPS) fell by -97.18 percent to $0 from $1.4 in the previous quarter.

Dollars in millions
Sep 30, 2024    Mar 31, 2024    Dec 31, 2023    Jun 30, 2024   

Income Statement

Revenue $19,937.0  $21,847.0  $93,935.0  $22,248.0 
Net Income $18.0  $719.0  $3,466.0  $486.0 
Net Cash -$993.0  -$545.0  -$1,643.0  -$1,119.0 
Gross Margin $1,365.0  $1,659.0  $7,513.0  $1,396.0 
Profit as % of Revenues7583.33 230.74 216.76 287.24 
Profit as % of Assets0.05 1.88 4.67 1.30 
Profit as % of Stockholder Equity0.08 3.09 14.35 2.19 
Return on Equity0.08 3.09 14.35 2.19 
Return on Assets0.03 1.31 6.34 0.92 
Turnover Ratio55.28 56.98 126.46 59.37 

Balance Sheet

Total Assets $52,199.0  $54,831.0  $54,631.0  $52,698.0 
Total Liabilities $29,932.0  $31,292.0  $30,166.0  $30,237.0 

Cash Flow Statement

Operating Cash Flow $2,468.0  $700.0  $4,460.0  $1,168.0 
Investing Cash Flow -$2,002.0  -$1,230.0  -$1,496.0  -$1,612.0 
Financing Cash Flow -$1,465.0  -$2.0  -$4,604.0  -$661.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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