ADM Reports Preliminary Third Quarter 2024 Results
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ADM reported preliminary financial results for Q3 2024, with net earnings of $18 million and adjusted net earnings of $530 million. A significant non-cash charge of $461 million related to their Wilmar equity investment impacted GAAP earnings.
November 05, 2024 | 12:30 pm
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ADM's preliminary Q3 2024 results show net earnings of $18 million, significantly impacted by a $461 million non-cash charge related to their Wilmar equity investment. Adjusted net earnings are $530 million.
ADM's net earnings were significantly impacted by a $461 million non-cash charge related to their Wilmar equity investment, resulting in lower GAAP earnings. This could lead to a negative short-term impact on ADM's stock price as investors react to the lower-than-expected net earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100