The company said GAAP earnings per share for full-year 2023 were $6.43 and adjusted earnings per share were $6.98. For Q4, GAAP earnings per share were $1.06 and adjusted earnings per share were $1.36.

1. 01

   The company said GAAP earnings per share for full-year 2023 were $6.43 and adjusted earnings per share were $6.98. For Q4, GAAP earnings per share were $1.06 and adjusted earnings per share were $1.36.

2. 02

   The company said full-year 2023 adjusted segment operating profit was $6,244 million, down 6% from the prior year. By segment, Ag Services & Oilseeds was $4,067 million (down 8%), Carbohydrate Solutions was $1,375 million (down 3%), Nutrition was $427 million (down 36%), and Other was $375 million (up 125%).

3. 03

   The Company expects full-year 2024 adjusted earnings per share of $5.25 to $6.25, down 18% at the midpoint from 2023, it said. The company said the outlook reflects moderating margin conditions and higher costs offsetting improved volumes.

4. 04

   The company said its Board authorized an additional $2 billion in share repurchases under the existing 200 million share repurchase program, and that it intends to make about $1 billion of this capital return through an accelerated share repurchase (ASR). As of December 31, 2023, about 52 million shares remained available for repurchase under the program.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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