ADM Third-Quarter Net Earnings of $821 Million and EPS of $1.70: Segment Operating Profit Up 64% to $1.382 Billion, Full-Year Adjusted EPS Guidance Raised to About $5.50–$5.80
ADM (NYSE: ADM), the Chicago, Cook County, Illinois-based agricultural processor and trader, on November 3 reported results for the quarter ended September 30, 2026: net earnings of $821 million and adjusted net earnings of $858 million, with diluted EPS of $1.70 and adjusted EPS of $1.77. Earnings before income taxes were $997 million, compared with $147 million a year earlier. Total revenues were $22.335 billion for the quarter and $65.506 billion for the first nine months.
Total segment operating profit was $1.382 billion, up 64% from $845 million a year earlier. Ag Services and Oilseeds operating profit was $778 million, up 105%, with Crushing operating profit up $298 million in what the release calls a constructive North American biofuels margin environment driven by higher domestic demand following the Renewable Volume Obligation (RVO) policy finalized in March, alongside global crush volumes up 1.6% year over year. Carbohydrate Solutions operating profit was $470 million, up 40%, and Nutrition was $134 million, up 3%.
ADM raised its full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80, from $5.15 to $5.60 previously, and lowered projected capital expenditures to $1.2–$1.3 billion from $1.3–$1.5 billion. Chair of the Board and chief executive Juan Luciano said third-quarter earnings were up significantly from the prior-year quarter with operating profit growth across all segments, driven by a constructive biofuels environment, the company's extensive North American footprint and team execution, and that year-to-date performance and the fourth-quarter outlook support another increase to full-year guidance. ADM hosted a webcast on November 3 at 7:30 a.m. Central Time.
Source: ADM
Published by GSM · USA (original Chinese edition)
Photo: 图：ADM旗下工厂。Stiopa 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: An ADM plant. Photo by Stiopa, CC BY-SA 4.0, via Wikimedia Commons.
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