NYSE$ADM

Archer-Daniels-Midland Co · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

ADM reported strong third-quarter earnings, driven by robust global demand and effective management of dynamic market conditions.

ADM reported strong Q3 2022 results with adjusted EPS of $1.86, reflecting the team's expertise in managing dynamic market conditions and the benefits of the integrated global value chain. The company is well-positioned to end 2022 strong and carry momentum into 2023.

  • Q3 2022 EPS as reported was $1.83, including charges related to impairments and restructuring, gains from asset sales, and adjustments on the Wilmar exchangeable bond.
  • Adjusted EPS was $1.86, excluding the aforementioned items.
  • Segment operating profit was $1,559 million.
  • Ag Services & Oilseeds delivered substantially higher year-over-year results, driven by short crops in South America and strong crushing margins.

Headline financials

Total Revenue

$24.7B

Previous: $20.3B+21.4%
EPS (adj)

$1.86

Previous: $0.97+91.8%
Capital Expenditures

-$841M

Previous: -$714M-17.8%
Free Cash Flow

$190M

Previous: -$188M+201.1%
Net Income

$1.03B

Previous: $526M+96.0%
Operating Income

$1.04B

Previous: $699M+49.1%
Gross Profit

$1.81B

Previous: $1.33B+36.6%
Cash & Equivalents

$1.1B

Previous: $1.08B+1.5%
Total Assets

$58.3B

Previous: $52.3B+11.5%
Stock-Based Comp

$26M

Previous: $21M+23.8%

Revenue & EPS history

ADM · Revenue · Quarterly

$24.7B

Q3 2022+21.4%vs Q3 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

ADM · $24.6B total across 3 segments · Q3 2022

  • Ag Services & Oilseeds
    $19.1B+22.0%
  • Carbohydrate Solutions
    $3.58B+24.9%
  • Nutrition
    $1.86B+9.8%

Forward guidance

ADM is well positioned to end 2022 strong and carry that momentum into 2023.

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 Q3 2022

Historical avgQ3 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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