ADM said pre-tax earnings for the quarter ended June 30, with its year Q2 2024, were $596 million and GAAP earnings per share were $0.98, down 47% and 42% from a year earlier, respectively. Adjusted EPS was $1.03.

1. 01

   ADM said pre-tax earnings for the quarter ended June 30, with its year Q2 2024, were $596 million and GAAP earnings per share were $0.98, down 47% and 42% from a year earlier, respectively. Adjusted EPS was $1.03.

2. 02

   The company said segment operating profit for Ag Services & Oilseeds was $459 million in Q2, down 56% from $1,054 million a year earlier. The company cited lower margins in Crushing, among other factors.

3. 03

   ADM said operating cash flow for the first half of 2024 (6 months) was $1,168 million, and that it paid $2,327 million in share repurchases and $503 million in dividends over the same period.

4. 04

   ADM said it is maintaining its previously provided annual outlook and continues to expect full-year 2024 adjusted earnings per share in the range of $5.25 to $6.25.

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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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