Macon Reporter

ADM Reports Fourth Quarter Earnings per Share of $1.84, $1.93 on an Adjusted Basis; Increasing Quarterly Dividend 12.5% to $0.45 per share

“ADM delivered another very strong quarter to complete an outstanding year, and the strategic work we have done throughout 2022 has positioned us well for 2023 and beyond,” said Chairman and CEO Juan Luciano.

“For the full year, we delivered adjusted EPS of $7.85, adjusted segment operating profit of $6.6 billion, and trailing four-quarter average adjusted ROIC of 13.6%. We generated cash from operations before working capital of $5.3 billion, giving us the opportunity to continue to invest in ADM while returning $2.3 billion to our shareholders in the form of dividends and share repurchases. From Nutrition revenue growth that continues to outpace the industry; to Carbohydrates Solutions results that include 26% year-over-year revenue growth in BioSolutions; to an agile, global AS&O business that supported the global food system in the midst of challenging external forces, Team ADM delivered again in 2022.

“As we look ahead, we are strengthening our focus on controllable actions to mitigate the impact of market forces, and we will continue to improve our global capabilities to serve our customers. We are also increasing our investments in the decarbonization of some of our large production facilities to enable the evolution of our Carbohydrate Solutions segment, and investing in our future by empowering new food technology platforms to address evolving consumer preferences and longer-term food security needs. We remain committed to balanced capital allocation, which includes returning cash to shareholders. We are pleased to announce today that we’re raising our quarterly dividend by 12.5%, to $0.45 per share, representing our 50th consecutive year of dividend increases.”

Original source can be found here