Archer-Daniels-Daniels Midland (NYSE: ADM)
Archer-Daniels-Midland Brains The shares are trading less on Tuesday.
The company reported the profits of a quarter of a quarter amended per share from $ 1.14, and the street view was lost $ 1.15. The quarterly sales of $ 21.50 billion were absent from estimating the consensus of the analyst of $ 22.66 billion.
Chairman and CEO Juan Luciano He commented: “With more soft -market conditions and uncertainty in politics around the world until 2025, we focus on improving our operating performance, speeding up costs, and simplifying our portfolio.”
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AG Services & Oilseeds is $ 644 million during the fourth quarter of 2024, a decrease of 32 % compared to the previous quarter.
Carbohydrate solutions reached $ 319 million in the fourth quarter, an increase of 3 % compared to the previous quarter of the year.
The profit of operating the nutrition sector amounted to 88 million dollars during the fourth quarter, with an increase in the loss of the operating sector of 10 million dollars in the previous quarter of the previous year.
In 2024, cash flows of operating activities amounted to $ 2.8 billion. The cash flows of operations before the working capital amounted to $ 3.3 billion. This is compared to $ 4.5 billion and $ 4.7 billion in 2023, respectively.
Luciano added: “We announce targeted measures to provide savings from 500 to 750 million dollars in the next few years,” Luciano added.
Specifically, ADM expects most cost savings on the basis of the annual operating rate by improving manufacturing costs, reducing purchased materials and services, and reducing the targeted workforce. The company is currently expecting a decrease of about 600 – 700 roles worldwide in 2025.
The company stated that it will continue to focus on allocating disciplined capital, setting the priorities of strategic investments with strong returns and returning money to shareholders, including a 2 % increase in its quarterly profits.
The company announced the distribution of cash profits of 51.0 cents per share, an altitude of 50.0 cents per share, on the shared shares of the company. The profits are paid on March 11.
Expectations: The company expects 2025 modified share profitability from $ 4.00 to $ 4.75 (consensus of $ 4.67), which reflects the secrets of the weakest market and the constant uncertainty in vital policy and commercial policy.
Price work: ADM shares are traded by 2.92 % to $ 48.56 in the last selection on Tuesday.
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Overview Classification:
Speculation
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