ADM Q2 2024 Earnings — Archer-Daniels-Midland Company Revenue & Financial Results | Market Cap Arena

ADMArcher-Daniels-Midland Company

$33B

Q2 2024 Earnings

Consumer Defensive Agricultural Farm Products

Income Statement

Revenue

$22.2B-11.7% YoY

Gross Profit

$1.4B6.3% margin

Operating Income

$489M2.2% margin

Net Income

$486M2.2% margin

EPS (Diluted)

$0.98

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$470M

Free Cash Flow

$108M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$52.7B

Total Liabilities

$30.2B

Stockholders' Equity

$22.1B

Cash & Equivalents

$764M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22.2B	$25.2B	-11.7%
Gross Profit	$1.4B	$1.9B	-25.9%
Operating Income	$489M	$1.0B	-53.1%
Net Income	$486M	$927M	-47.6%

Revenue Segments

Ag Services and Oilseeds

$17.3B78%

Carbohydrate Solutions

$2.9B13%

Nutrition

$1.9B9%