Every material Form 8-K Archer Daniels Midland has filed with the SEC since November 05, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Archer-Daniels-Midland reported third quarter 2026 net earnings of $821 million, or $1.70 per share, alongside an adjusted EPS of $1.77. Driven by a constructive biofuels environment and strong operational execution, the company raised its full-year 2026 adjusted EPS outlook to a range of approximately $5.50 to $5.80.
Reported third quarter 2026 net earnings of $821 million, with adjusted net earnings of $858 million.
Raised full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80, up from the prior range of $5.15 to $5.60.
Total segment operating profit for the third quarter rose 64% year-over-year to $1.38 billion.
Capital expenditures for 2026 are now projected to be in the range of $1.2 to $1.3 billion, revised from the prior $1.3 to $1.5 billion range.
Archer-Daniels-Midland's board accepted the resignation of director Lei Z. Schlitz, effective December 31, 2026, after she tendered it under the company's governance guidelines because of a voluntary material change in her principal employment. The filing states the resignation is not due to any disagreement with the company on operations, policies, or practices, and it does not name a successor.
Board accepted the resignation on August 6, 2026; it takes effect December 31, 2026
Board asked Ms. Schlitz to remain through the end of the year
Reason given: voluntary material change in her principal employment; no disagreement with the company
Archer-Daniels-Midland reported second-quarter 2026 GAAP EPS of $1.87 and adjusted EPS of $1.84, with total segment operating profit up 75% from a year earlier. The company raised its full-year 2026 adjusted EPS guidance to approximately $5.15 to $5.60, from $4.15 to $4.70, citing biofuels margins and growth in Nutrition.
Second-quarter 2026 net earnings attributable to ADM were $908 million, compared with $219 million a year earlier.
GAAP EPS was $1.87 versus $0.45 in the prior-year quarter; adjusted EPS was $1.84.
Full-year 2026 adjusted EPS guidance was raised to approximately $5.15 to $5.60 from $4.15 to $4.70.
Ag Services and Oilseeds segment operating profit rose 129% to $867 million, led by the Crushing subsegment.
Archer-Daniels-Midland appointed Jeffrey Rowe, currently CEO of Syngenta Group, as Executive Vice President and Chief Operating Officer, effective August 17, 2026. He will oversee ADM's commercial businesses, global manufacturing and R&D, reporting to Chair and CEO Juan Luciano, and his offer letter includes a $1,200,000 base salary and sizable one-time make-whole awards.
Rowe steps down as Syngenta Group CEO effective August 1, 2026, a role he has held since January 2024.
Offer letter sets a $1,200,000 base salary, a 175% target annual cash incentive, and an annual target equity award of $12,500,000.
One-time make-whole awards total $18,890,000: a $2,200,000 cash bonus payable January 2027 and RSUs with a $16,690,000 grant date value.
The position is newly created, and Rowe reports to Juan Luciano.
ADM reported first-quarter 2026 results on May 5, 2026, with GAAP EPS of $0.62 and adjusted EPS of $0.71, both slightly above the prior year, and revenue of $20.49 billion. The company raised its full-year 2026 adjusted EPS guidance to $4.15 to $4.70, citing expected earnings improvement in crushing and ethanol after the finalization of the 2026 and 2027 renewable volume obligations. The Ag Services and Oilseeds segment's operating profit fell 34%, mainly due to about $275 million of net negative mark-to-market and timing impacts.
Q1 2026 GAAP EPS was $0.62 versus $0.61 a year earlier; adjusted EPS was $0.71 versus $0.70.
Revenue was $20.49 billion versus $20.18 billion; net earnings attributable to ADM were $298 million versus $295 million.
2026 adjusted EPS guidance is $4.15 to $4.70, up from the prior $3.60 to $4.25 range.
Ag Services and Oilseeds segment operating profit fell 34% to $273 million, mainly from mark-to-market and timing impacts of about $275 million.
ADM increased its Board of Directors from 12 to 13 seats and elected Michael C. McMurray, former executive vice president and CFO of LyondellBasell Industries N.V., as an independent director effective immediately. The filing reports no related person transactions and no arrangements tied to his election, and says his director pay will follow the company's existing non-employee director policies.
Board size increased from 12 to 13 directors; McMurray fills the new seat effective March 9, 2026
McMurray appointed to the Audit Committee and the Sustainability and Technology Committee
McMurray served more than five years as LyondellBasell's CFO and previously held roles at Owens Corning and Royal Dutch Shell
Filing states he has no related person transactions with the company
ADM reported fourth-quarter 2025 revenue of $18.6 billion, down from $21.5 billion a year earlier, and adjusted EPS of $0.87, down 24%. Full-year 2025 adjusted EPS was $3.43, down 28%, and ADM issued 2026 adjusted EPS guidance of approximately $3.60 to $4.25 while raising its quarterly dividend 2%.
Q4 2025 net earnings attributable to ADM were $456 million; diluted GAAP EPS was $0.94 versus $1.17 a year earlier
Full-year 2025 revenue was $80.3 billion versus $85.5 billion in 2024; diluted GAAP EPS was $2.23 versus $3.65
2026 adjusted EPS outlook of approximately $3.60 to $4.25; the lower end assumes continued U.S. biofuel policy deferral and flat crush margins
Quarterly dividend raised to 52.0 cents per share from 51.0 cents, payable March 10, 2026 to holders of record on February 17, 2026
ADM reported third-quarter 2025 results on November 4, 2025, with GAAP earnings of $108 million and adjusted EPS of $0.92, down 16% from $1.09 a year earlier. The company revised its full-year 2025 adjusted EPS guidance to $3.25-$3.50 per share from approximately $4.00, primarily to reflect lower crush margins. The lower outlook means shareholders face a reduced expected earnings level for 2025.
Third-quarter GAAP earnings were $108 million, or $0.22 per diluted share, versus $0.04 a year earlier.
Adjusted EPS was $0.92 versus $1.09 in the prior year quarter; total segment operating profit was $845 million, down 19%.
Full-year 2025 adjusted EPS guidance was revised to $3.25-$3.50 from approximately $4.00.
Year-to-date cash flows provided by operating activities were $5.8 billion.
Archer-Daniels-Midland reported second-quarter 2025 results, with GAAP diluted EPS of $0.45 and adjusted EPS of $0.93, down 54% and 10% from the prior-year quarter. The company also narrowed its full-year 2025 adjusted EPS guidance to approximately $4.00 per share, based on first-half performance and expected margin benefits in the fourth quarter and beyond. For shareholders, lower earnings and a lower outlook point to weaker profitability, with management citing biofuel policy uncertainty and a challenging Ag Services and Oilseeds environment.
Q2 2025 net earnings attributable to ADM were $219 million, versus $486 million a year earlier; revenues were $21.2 billion, versus $22.2 billion.
Total segment operating profit was $830 million, down 10%; Ag Services and Oilseeds profit fell 17% to $379 million, and Crushing profit fell 75% to $33 million.
Full-year 2025 adjusted EPS guidance was tightened to approximately $4.00 per share.
Year-to-date operating cash flow was $4.0 billion, and the company said it remediated a previously identified material weakness related to segment disclosures.
ADM reported first quarter 2025 diluted EPS of $0.61, down 57% from the prior year quarter, and adjusted EPS of $0.70, down 52%. The company reaffirmed its 2025 adjusted EPS guidance of $4.00 to $4.75 but said it now expects results at the lower end of that range.
Net earnings attributable to ADM were $295 million, versus $729 million a year earlier; adjusted net earnings were $338 million.
Total segment operating profit was $747 million, down 38%; Ag Services and Oilseeds profit fell 52% to $412 million.
Cash flows used in operating activities were $(342) million in the quarter, versus cash provided of $700 million a year earlier.
2025 adjusted EPS guidance of $4.00 to $4.75 was affirmed, with results now expected at the lower end of the range.
ADM reported fourth-quarter and full-year 2024 results on February 4, 2025. Full-year adjusted EPS fell 32% to $4.74 and GAAP EPS fell 43% to $3.65, and the company guided to 2025 adjusted EPS of $4.00 to $4.75, citing weaker market fundamentals and biofuel and trade policy uncertainty. ADM also announced targeted actions to deliver $500 million to $750 million in cost savings over three to five years and a 2% increase in its quarterly dividend.
Full-year 2024 net earnings attributable to ADM were $1.8 billion, compared with $3.5 billion in 2023.
Fourth-quarter 2024 adjusted EPS was $1.14, down 16%, while GAAP EPS was $1.17, up 10%.
2025 adjusted EPS guidance is $4.00 to $4.75 per share, which the filing ties to weaker market fundamentals and policy uncertainty.
ADM said its board appointed Carrie Nichol as Vice President and Chief Accounting Officer, effective March 1, 2025, succeeding Molly Strader Fruit, who moves to a Vice President role in total rewards and HR operations. Nichol most recently served as Senior Vice President, Chief Accounting Officer and Global Process Leader at Cargill, and the filing sets out her initial pay package. The filing does not report financial results; the change concerns who leads ADM's accounting, internal control and insurance and risk management functions.
Carrie Nichol, age 45, becomes Vice President and Chief Accounting Officer effective March 1, 2025, and reports to Chief Financial Officer Monish Patolawala.
Initial pay includes a $550,000 base salary and a $500,000 target annual bonus under the 2025 cash incentive plan.
Equity award with about $1,315,000 target grant value (60% performance stock units, 40% restricted stock units), plus make-whole cash payments of $796,000 and $585,000 and a make-whole restricted stock unit award of about $980,000.
ADM reported third quarter 2024 GAAP net earnings attributable to the company of $18 million, or $0.04 per diluted share, compared with $821 million, or $1.52 per share, a year earlier. The results include a $461 million non-cash impairment charge on its Wilmar equity investment, and adjusted EPS was $1.09. ADM also filed restated financial statements for fiscal 2023 and the first two quarters of 2024, which it says did not affect consolidated results, and affirmed its full-year 2024 adjusted EPS range of $4.50 to $5.00.
Revenues were $19.9 billion, down from $21.7 billion in the prior-year quarter.
Total segment operating profit was $1,037 million, down 28% from $1,446 million.
Full-year 2024 adjusted EPS guidance of $4.50 to $5.00 was affirmed, not changed.
Fourth quarter AS&O segment operating profit is expected to be lower than a year earlier; Nutrition is expected to be higher than a year earlier but lower than the third quarter.
Archer-Daniels-Midland increased its board from 11 to 12 directors and elected David R. McAtee II, AT&T's senior executive vice president and general counsel, as an independent director effective immediately. The filing describes this as a board addition with no reported financial terms, and McAtee joins the Nominating and Corporate Governance and Compensation and Succession committees.
Board size increased from 11 to 12 directors on November 1, 2024, with McAtee elected to fill the new seat
McAtee has been AT&T's worldwide General Counsel since 2015 and will serve until the next annual meeting of stockholders
McAtee will sit on the Nominating and Corporate Governance and Compensation and Succession committees; his director pay follows the policies in the April 10, 2024 proxy statement
ADM said on November 4, 2024 that its fiscal 2023 Form 10-K and first- and second-quarter 2024 Form 10-Qs can no longer be relied upon because of errors in segment reporting, and it will amend and restate them. The company found additional misclassified intersegment sales during testing of new controls in the third quarter of 2024, on top of earlier corrections, and it has a material weakness in internal controls over intersegment sales. ADM expects the restatements to have no material impact on its earnings, balance sheet, cash flow or shareholders' equity, but the filing shows the company's segment reporting and internal controls failed to meet required standards.
Restatements cover fiscal years 2021, 2022 and 2023 in the FY2023 10-K and each quarterly and year-to-date period in the Q1 and Q2 2024 10-Qs
Newly identified errors affect Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition segments
ADM expects no material impact on its consolidated statements of earnings, balance sheets, cash flows or shareholders' equity
Management and the Audit Committee Chair discussed the matters with the auditor, Ernst & Young LLP
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Archer Daniels Midland filing is on SEC EDGAR ↗. 8-K briefs of other companies →