In an April 27th release, Archer-Daniels-Midland Corp. (ADM) reported on first quarter earnings for the period ending March 31st.  During the quarter, net earnings amounted to $689 million on total revenue of $18.89 billion with an EPS of $1.22.  Comparative data for Q1 of Fiscal 2020 comprised net earnings of $391 million on revenues of $14.97 billion with a diluted EPS of $0.69.  Effective March 31st, the company posted assets of $35.73 billion and carried a long term debt of $8.44 billion. 

In commenting on results, Juan Luciano, Chairman and CEO, stated “ADM delivered an outstanding first quarter, building on our great 2020 performance period.  As expected we achieved strong earnings spanning all three of our businesses and a sixth consecutive quarter of year-over-year adjusted operating profit growth.”  He added, “We are also moving into the next phase of our strategic transformation which will sharpen our focus on two key pillars-Productivity and Innovation-to enhance our capabilities to deliver outstanding execution, serve customer needs, and power growth and profitability.”

The Animal Nutrition segment generated lower first quarter 2021 results attributed to a decrease in demand and higher input costs associated with COVID, especially in South America. 

ADM has a market capitalization of $36.37 billion.  Over the past 52-weeks, ADM has traded in a range of $33.01 to $65.42 with a 50-day moving average of $58.76.  On a trailing 12-month basis, operating margin was 3.4 percent and profit margin 3.0 percent.  The Company generated a return on assets of 2.9 percent and 10.4 percent on equity.