Chicago / IL. (adm) Archer Daniels Midland Company (ADM) reported financial results for the quarter and year ended December 31, 2021. «Our record results reflect the continued success of our growth strategy and our culture of innovation and execution, which enabled our global team to successfully navigate through supply chain challenges while capitalizing on favourable demand dynamics to deliver an outstanding year,» said Chairman and CEO Juan Luciano.
«Just as importantly, we’re advancing our productivity and innovation actions to accelerate earnings growth,» Luciano continued. «We’ve positioned our portfolio to align with the enduring trends of food security, health and well-being, and sustainability. As we enter 2022, we’re well situated to capitalize on strong crush margins, driven by good demand for meal and for vegetable oil as a feedstock for renewable green diesel; a continuing healthy ethanol market, supported by increased domestic and export demand and better clarity of the regulatory landscape; and our robust Nutrition sales pipeline, as well as the accretion of our recent acquisitions in that business.
«Our excellent performance in the fourth quarter and throughout 2021 gives us great momentum going into the new year. We’re confident in our strategic plan continuing to deliver, which is why we’re pleased to announce an 8 percent increase in our quarterly dividend. I’m proud of our team, grateful for their efforts, and optimistic for another very strong performance in 2022 as we progress towards our strategic plan’s next earnings milestone of USD 6.00 to USD 7.00 per share.» For additional information please read the company’s PDF file below (83 KB):20220126-ADM-Q4-2021