Archer Daniels Midland’s Ethanol Surge: How Record Exports Are Driving Profits!

The latest earnings update from Archer-Daniels-Midland Company (ADM) presents both opportunities and challenges within its operational segments amidst a fluctuating market environment. For the second quarter of 2024, ADM reported adjusted earnings per share (EPS) of $1.03, reflecting a robust adjusted segment operating profit of $1 billion. Though this indicates a 37% decline compared to the same period last year, the company succeeded in maintaining a solid cash flow from operations before working capital at $1.7 billion.