GERMANY – ADM, an American multinational food processing and commodities trading corporation, has announced a new partnership with Die ARCHE Kinderstiftung, a charity that focuses on supporting children and young people from low-income families in Germany.
As part of the collaboration, ADM is funding 25,000 meals for disadvantaged children in Hamburg and Berlin over the next year.
The meals will aim to provide these children with access to nutritious food essential for their growth and well-being.
Die ARCHE, which operates in various German cities, strives to help socially disadvantaged children by ensuring they receive meals that promote healthy development.
ADM, a global leader in agricultural supply chain management and processing, emphasizes its mission to improve life by connecting global resources to local needs.
The company is also known for its extensive portfolio of natural ingredients for both human and animal nutrition.
Meanwhile, ADM’s financial performance continues to show growth. The company reports earnings per share (EPS) of US$6.43 for the full year, with adjusted EPS reaching US$6.98.
Additionally, ADM has announced a US$2 billion share repurchase plan, a move likely aimed at enhancing shareholder value.
ADM’s segment operating profit reached US$5.9 billion on a GAAP basis, while adjusted segment operating profit totaled US$6.244 billion.
The company also reports a trailing four-quarter average return on invested capital (ROIC) of 12.2%.
For the fourth quarter of 2023, ADM recorded earnings per share of US$1.06, with segment operating profit at US$1.235 billion.
These numbers include US$171 million in net charges for impairments and restructuring, amounting to approximately US$0.30 per share, and aUS $7 million gain from the sale of assets.
Adjusted segment operating profit for the fourth quarter stood at US$1.399 billion, reflecting a 16% decrease compared to the same period in the previous year.
The company attributes the decline primarily to lower pricing and reduced margins in its crush and origination sectors, leading to a US$0.21 per share decrease in profits.
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