NYSE$ADM

Archer-Daniels-Midland Co · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

ADM reported strong Q2 2022 earnings, driven by strong execution and favorable market conditions.

ADM reported second quarter earnings per share of $2.18, or $2.15 on an adjusted basis. The company's performance was driven by strong execution, productivity initiatives, and innovation projects. ADM expects continued strong earnings in the second half of 2022 and plans to accelerate share repurchases.

  • Adjusted earnings per share of $2.15 reflect strong execution.
  • Productivity initiatives are improving capabilities and mitigating the impact of inflation.
  • Innovation projects are powering profitable growth.
  • Strategic actions and continued good demand are expected to propel very strong earnings in the second half of 2022.

Headline financials

Total Revenue

$27.3B

Previous: $22.9B+19.0%
EPS (adj)

$2.15

Previous: $1.33+61.7%
Capital Expenditures

-$500M

Previous: -$427M-17.1%
Free Cash Flow

$736M

Previous: $285M+158.2%
Net Income

$1.24B

Previous: $712M+73.6%
Operating Income

$1.33B

Previous: $780M+70.1%
Gross Profit

$2.1B

Previous: $1.46B+43.5%
Cash & Equivalents

$906M

Previous: $869M+4.3%
Total Assets

$61.8B

Previous: $51B+21.3%
Stock-Based Comp

$28M

Previous: $38M-26.3%

Revenue & EPS history

ADM · Revenue · Quarterly

$27.3B

Q2 2022+19%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

ADM · $27.3B total across 4 segments · Q2 2022

  • Ag Services & Oilseeds
    $21.4B+17.3%
  • Carbohydrate Solutions
    $3.75B+33.0%
  • Nutrition
    $2B+15.6%
  • Other Business
    $101M

Forward guidance

ADM expects the combination of its strategic actions and continued good demand for its products to propel very strong earnings in the second half of 2022, with strong cash flows enabling it to accelerate approximately $1 billion in share repurchases into the back half of the year.

Tailwinds

  • Strategic actions are expected to drive strong earnings.
  • Continued good demand for products is anticipated.
  • Strong cash flows will enable accelerated share repurchases.
  • Growth plan execution will continue.
  • Focus will remain on balanced capital allocation and optimizing ROIC.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.0%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+0.8%

Avg return

30 days after

50%

35 / 70 earnings

Positive

+8.5%

Q3 2016

Best reaction

-9.7%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+1.9%+7.3%
Q4 2025-0.4%-2.6%-2.3%
Q3 2025+0.1%-5.2%-1.2%
Q2 2025+6.0%+6.4%+13.9%
Q1 2025+1.7%+2.2%-1.1%
Q4 2024-5.1%-8.5%-3.9%
Q3 2024-0.7%-0.4%-6.6%
Q2 2024-2.0%-6.9%-3.9%
Q1 2024-3.8%-2.5%-0.9%
Q4 2023+6.1%+8.0%+14.0%
Q3 2023-1.9%-3.3%+2.7%
Q2 2023+4.6%+3.9%-3.3%
Q1 2023-4.7%-3.4%-8.8%
Q4 2022-2.3%-3.2%-4.8%
Q3 2022+4.8%+6.3%+8.4%
Q2 2022+6.4%+9.5%+20.2%
Q1 2022+3.3%-1.5%-2.9%
Q4 2021+5.4%+10.7%+10.6%
Q3 2021-3.2%-3.6%-0.5%
Q2 2021+0.3%+2.2%+2.2%
Q1 2021+5.2%+5.3%+11.0%
Q4 2020-6.6%-5.8%+8.0%
Q3 2020-6.6%-3.3%+1.9%
Q2 2020+1.8%+0.8%+5.4%
Q1 2020-0.1%-6.5%+5.8%
Q4 2019+4.3%+2.4%-14.3%
Q3 2019+4.7%+6.0%+5.9%
Q2 2019-2.5%-8.9%-7.4%
Q1 2019+3.7%+5.6%-6.1%
Q4 2018-5.9%-6.1%-5.2%
Q3 2018+0.4%+0.3%-5.3%
Q2 2018+1.6%+5.5%+6.4%
Q1 2018-2.1%-3.3%-3.7%
Q4 2017+3.9%+2.2%+6.6%
Q3 2017-5.1%-7.1%-6.8%
Q2 2017+0.7%+1.0%-2.0%
Q1 2017-9.7%-7.2%-8.6%
Q4 2016-1.3%-0.4%+0.9%
Q3 2016+8.5%+7.7%+1.7%
Q2 2016-0.7%+0.5%-2.5%
Q1 2016-3.8%
Q4 2015-5.7%
Q3 2015-7.0%
Q2 2015+1.1%
Q1 2015-0.8%
Q4 2014-4.2%
Q3 2014+6.5%
Q2 2014+3.6%
Q1 2014-1.5%
Q4 2013-0.6%
Q3 2013+2.9%
Q2 2013-0.3%
Q1 2013-1.0%
Q4 2012-6.6%
Q3 2012+6.9%
Q2 2012-1.8%
Q1 2012+4.0%
Q4 2011-2.8%
Q3 2011-4.5%
Q2 2011-1.8%
Q1 2011-2.0%
Q4 2008+0.9%
Q4 2010+0.9%
Q3 2010+4.2%
Q3 2009+4.2%
Q2 2010-2.3%
Q4 2009+0.1%
Q1 2009+0.1%
Q2 2009+0.1%
Q1 2010+0.1%

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