First Quarter 2024 Highlights
Segment operating profit of
Trailing four-quarter average adjusted return on invested capital (ROIC)1 of 11.2%
'
'To manage through the cycle, we are driving key strategic initiatives across the business, including the ramp-up of production at our Green Bison JV and the scaling of our regenerative agriculture and BioSolutions efforts. Our productivity initiative pipeline is also expanding and we are already seeing the results of our actions to reduce supply chain complexity and better serve our customers in Nutrition as the segment delivered sequential quarterly improvement in operating profit. Our capital deployment actions such as our accelerated share repurchase program also continue to contribute to enhanced shareholder returns. Driving these priorities forward, we remain confident in our guidance for the year.'
First Quarter 2024 Results: See full results at:
https://www.adm.com/en-us/news/news-releases/2024/4/adm-reports-first-quarter-2024-results-affirms-full-year-eps-guidance/
Media Contact
media@adm.com
312-634-8484
Investor Relations
Megan.Britt@adm.com
872-257-8378
Source:
(C) 2024 Electronic News Publishing, source