Top 100 Food and Beverage Company Highlights: #7 Archer Daniels Midland Company
ADM reported strong Q2 results, with net earnings of $712 million and adjusted net earnings of $754 million. “Our productivity efforts are powering our execution, and—combined with our unparalleled global footprint and strong risk management—supported outstanding results in both Ag Services & Oilseeds and Carbohydrate Solutions,” said chairman and CEO Juan Luciano. “And we’re driving innovation, which helped support record top-line and bottom-line results in Nutrition; in fact, we are now raising our expectations of full-year profit growth for Nutrition to 20%.”
ADM also made the headlines earlier this year when it agreed to pay $45 million to settle price-fixing allegations levelled against its Golden Peanut division.