News

ADM reports "solid" 3Q results

For the quarter ended September 30, 2019, ADM has reported net earnings of $407 million, saying that it achieved solid results.

This was, it says, despite challenging external conditions. The company noted that it saw strong year-over-year growth in Nutrition revenue and profitability.

“We delivered solid third quarter results, consistent with the perspectives we provided last quarter, despite a difficult external environment,” said Chairman and CEO Juan Luciano. “We maintained our focus on serving our customers and advancing our strategic goals, and continued to realize the benefits of the actions that we took earlier this year.”

“We are excited about our strategic growth activities, and particularly our participation and leadership in major global trends such as flexitarian diets, nutrition for health, and sustainable materials. We have invested in assets, platforms and technological capabilities to serve and grow with our customers, who are embracing these market-changing trends.”

“While external conditions for certain businesses may remain fluid and potentially challenging in the near term, our growing leadership position in major global trends, and our strength in innovation, efficiency, and customer service, position us well for stronger results in 2020 and beyond.”