Iowa Dairy Foundation

National & World Ag News Headlines
ADM Reports Net Earnings of $712 Million in Second Quarter
USAgNet - 07/28/2021

Archer Daniels Midland Co. reported net earnings of $712 million in its second-quarter financial report. Segment operating profit was up more than 40% at $1.145 billion, led by Ag Services and Oilseeds at $570 million.

“It was yet another excellent quarter for ADM, as our team delivered record earnings, with strong year-over-year profit growth across all three business units,” said Chairman and CEO Juan Luciano. “This is a very different ADM than even a few short years ago, and our transformation is far from over. Our productivity efforts are powering our execution, and — combined with our unparalleled global footprint and strong risk management — supported outstanding results in both Ag Services & Oilseeds and Carbohydrate Solutions."

Luciano adds that the company continues to drive innovation, which helped support record top-line and bottom-line results in Nutrition.

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