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ADM Reports Higher 4Q Net Earnings of $687 Million
USAgNet - 01/27/2021

ADM reported financial results for the quarter and fiscal year ended December 31, 2020 totaling $687 million in net earnings.

"I want to thank our team, which performed exceptionally well during truly unprecedented times to deliver four straight quarters of year-over-year adjusted segment operating profit growth in 2020, along with solid returns and record full-year adjusted EPS of $3.59," said Chairman and CEO Juan Luciano. "Around the globe, ADM colleagues demonstrated their resourcefulness, creativity and commitment by keeping our work environment safe from COVID-19, maintaining our operations and serving our customers.

The team delivered on strategic objectives, maintained a solid balance sheet, managed a wide variety of risks superbly, and showed the strength of our diversified and global value chain.

"Our Ag Services and Oilseeds team delivered outstanding results in 2020, crossing the $2 billion profit mark by capitalizing on our unparalleled and flexible global footprint to meet strong demand. With continued strong global demand for grains and oilseeds as well as meal and oils, we are confident in another outstanding performance from Ag Services & Oilseeds in 2021.

He says he expects the Nutrition team to deliver solid revenue expansion and profit growth in 2021.

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