Archer-Daniels-Midland Beats Q1 Earnings Expectations But Misses Revenue Targets: What's Next for The Agri-Giant?
Archer-Daniels-Midland Beats Q1 Earnings Expectations But Misses Revenue Targets: What's Next for The Agri-Giant?
Archer-Daniels-Midland Company (NYSE:ADM) shares are trading lower on Tuesday.
週二，阿切爾-丹尼爾斯-米德蘭公司（紐約證券交易所代碼：ADM）股價走低。
The company reported first-quarter adjusted earnings per share of $1.46, beating the analyst consensus of $1.36.
該公司公佈的第一季度調整後每股收益爲1.46美元，超過了分析師共識的1.36美元。
Quarterly revenues of $21.85 billion missed the street view of $22.27 billion.
季度收入爲218.5億美元，低於222.7億美元的街景。
Adjusted segment operating profit was $1.317 billion for the first quarter, a 24% decrease from the prior year.
第一季度調整後的分部營業利潤爲13.17億美元，比上年下降24％。
AS&O segment operating profit was $864 million during the first quarter of 2024, down 29% compared to the prior year period.
2024年第一季度，AS＆O板塊的營業利潤爲8.64億美元，與去年同期相比下降了29％。
Slower farmer selling also negatively impacted export volumes and margins in South America.
農民銷售放緩也對南美的出口量和利潤率產生了負面影響。
The operating profit of the Nutrition segment was $84 million during the first quarter of 2024, down 39% compared to the prior year.
2024年第一季度，營養板塊的營業利潤爲8400萬美元，與去年同期相比下降了39％。
"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," said Chair of the Board and CEO Juan Luciano.
董事會主席兼首席執行官胡安·盧西亞諾表示：“爲了管理整個週期，我們正在推動整個業務的關鍵戰略舉措，包括提高我們的綠野牛合資企業的產量以及擴大我們的再生農業和生物解決方案工作。”
Outlook: Archer-Daniels-Midland sees FY24 adjusted earnings per share of $5.25-$6.25 versus the $5.57 estimate.
展望：Archer-Daniels-Midland預計，24財年調整後的每股收益爲5.25美元至6.25美元，而預期爲5.57美元。
"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," Luciano added.
盧西亞諾補充說：“我們的生產力計劃渠道也在擴大，隨着該細分市場的營業利潤連續季度增長，我們已經看到了降低供應鏈複雜性並更好地爲營養領域客戶提供服務的行動的成果。”
In a separate press release, the company said that its global regenerative agriculture program expanded to more than 2.8 million acres in 2023, exceeding its 2 million acre goal. In addition, the company announced that it is targeting 3.5 million regenerative acres in 2024 and is increasing its 2025 goal from 4 million to 5 million acres globally.
該公司在另一份新聞稿中表示，其全球再生農業計劃在2023年擴大到超過280萬英畝，超過了其200萬英畝的目標。此外，該公司宣佈，其目標是在2024年實現350萬英畝再生土地，並將2025年的目標從全球400萬英畝提高到500萬英畝。
The latest development is a part of the company's launch of regenerative agriculture initiatives in Europe and Latin America.
最新進展是該公司在歐洲和拉丁美洲啓動的再生農業計劃的一部分。
Price Action: ADM shares are trading lower by 2.97% to $58.89 on the last check Tuesday.
價格走勢：在週二的最後一次支票中，ADM股價下跌2.97％，至58.89美元。
譯文內容由第三人軟體翻譯。