World Grain - November 2022 - 11
ADM revenues surge
in third quarter
CHICAGO, ILLINOIS, US - Net
earnings attributable to ADM in the
third quarter ended Sept. 30 totaled
$1.03 billion, equal to $1.83 per share
on the common stock, nearly double
the earnings of $526 million, or 93¢
per share, in the same period a year
ago. Earnings per share included a
7¢ per share charge related primarily
to impairments and restructuring; a
4¢ per share gain related to the sale
of certain assets; a 1¢ per share gain
related to the mark-to-market adjustment
on the Wilmar exchangeable
bond; and a 1¢ per share tax expense
related
to certain
discrete
items.
Adjusted earnings totaled $1.05 billion,
or $1.86 per share, up from $548
million, or 97¢ per share, in 2021.
Revenues for the third quarter increased
21% to $24.68 billion from
$20.34 billion.
Operating profit in the Ag Services
and Oilseeds segment rose 75% to
$1.08 billion in the third quarter, up
from $618 million in the same yearago
quarter. Ag Services profit surged
over 700% in the quarter to $292
million, up from $36 million, while
crushing profit increased 24% to $346
million from $280 million.
Operating profit in the Carbohydrate
Solutions segment increased 45% in
the third quarter to $309 million from
$213 million a year ago. Starches and
sweeteners profit climbed 84% in the
quarter to $327 million from $178
million.
Vantage Corn Processors posted
a loss of $18 million in the quarter,
compared with a profit of $35 million
in the year-ago quarter.
Steady global demand drove results
in the Starches and Sweeteners subsegment,
which includes ethanol production
from wet mills, ADM said.
Demand for corn co-products, including
corn oil, helped the company
execute higher margins in North
America.
Wheat milling delivered improved
volumes and margins to meet healthy
demand for flour.
Commi ted to Qualit
Committed to Quality
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www.World-Grain.com / World Grain / November 2022
11
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World Grain - November 2022
Table of Contents for the Digital Edition of World Grain - November 2022
World Grain - November 2022 - Intro
World Grain - November 2022 - 1
World Grain - November 2022 - 2
World Grain - November 2022 - 3
World Grain - November 2022 - 4
World Grain - November 2022 - 5
World Grain - November 2022 - 6
World Grain - November 2022 - 7
World Grain - November 2022 - 8
World Grain - November 2022 - 9
World Grain - November 2022 - 10
World Grain - November 2022 - 11
World Grain - November 2022 - 12
World Grain - November 2022 - 13
World Grain - November 2022 - 14
World Grain - November 2022 - 15
World Grain - November 2022 - 16
World Grain - November 2022 - 17
World Grain - November 2022 - 18
World Grain - November 2022 - 19
World Grain - November 2022 - 20
World Grain - November 2022 - 21
World Grain - November 2022 - 22
World Grain - November 2022 - 23
World Grain - November 2022 - 24
World Grain - November 2022 - 25
World Grain - November 2022 - 26
World Grain - November 2022 - 27
World Grain - November 2022 - 28
World Grain - November 2022 - 29
World Grain - November 2022 - 30
World Grain - November 2022 - 31
World Grain - November 2022 - 32
World Grain - November 2022 - 33
World Grain - November 2022 - 34
World Grain - November 2022 - 35
World Grain - November 2022 - 36
World Grain - November 2022 - 37
World Grain - November 2022 - 38
World Grain - November 2022 - 39
World Grain - November 2022 - 40
World Grain - November 2022 - 41
World Grain - November 2022 - 42
World Grain - November 2022 - 43
World Grain - November 2022 - 44
World Grain - November 2022 - 45
World Grain - November 2022 - 46
World Grain - November 2022 - 47
World Grain - November 2022 - 48
World Grain - November 2022 - 49
World Grain - November 2022 - 50
World Grain - November 2022 - 51
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World Grain - November 2022 - 53
World Grain - November 2022 - 54
World Grain - November 2022 - 55
World Grain - November 2022 - 56
World Grain - November 2022 - 57
World Grain - November 2022 - 58
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World Grain - November 2022 - 60
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World Grain - November 2022 - 62
World Grain - November 2022 - 63
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World Grain - November 2022 - 70
World Grain - November 2022 - 71
World Grain - November 2022 - 72
World Grain - November 2022 - 73
World Grain - November 2022 - 74
World Grain - November 2022 - 75
World Grain - November 2022 - 76
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
https://digital.world-grain.com/sosland/wg/world-grain-july-2023
https://digital.world-grain.com/sosland/wg/world-grain-june-2023
https://digital.world-grain.com/sosland/wg/world-grain-may-2023
https://digital.world-grain.com/sosland/wg/world-grain-april-2023
https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
https://digital.world-grain.com/sosland/wg/world-grain-august-2022
https://digital.world-grain.com/sosland/wg/world-grain-july-2022
https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
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https://digital.world-grain.com/sosland/wg/2020_10_01
https://digital.world-grain.com/sosland/wg/2020_09_01
https://digital.world-grain.com/sosland/wg/2020_08_01
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https://digital.world-grain.com/sosland/wg/2019_02_01
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https://www.nxtbook.com/sosland/wg/2014_04_01
https://www.nxtbook.com/sosland/wg/2014_03_01
https://www.nxtbook.com/sosland/wg/2014_02_01
https://www.nxtbook.com/sosland/wg/2014_01_01
https://www.nxtbook.com/sosland/wg/2013_12_01
https://www.nxtbook.com/sosland/wg/2013_11_01
https://www.nxtbook.com/sosland/wg/2013_10_01
https://www.nxtbook.com/sosland/wg/2013_09_01
https://www.nxtbook.com/sosland/wg/2013_08_01
https://www.nxtbook.com/sosland/wg/2013_07_01
https://www.nxtbook.com/sosland/wg/2013_06_01
https://www.nxtbook.com/sosland/wg/2013_05_01
https://www.nxtbook.com/sosland/wg/2013_04_01
https://www.nxtbook.com/sosland/wg/2013_03_01
https://www.nxtbook.com/sosland/wg/2013_02_01
https://www.nxtbook.com/sosland/wg/2013_01_01
https://www.nxtbook.com/sosland/wg/2012_12_01
https://www.nxtbook.com/sosland/wg/2012_11_01
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http://digital.world-grain.com/sosland/wg/2011_02_01
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