3.11.2006: Meldung: Archer Daniels Midland: Quartalszahlen - Dividende
Net earnings for the quarter ended September 30, 2006 more than doubled to $ 403 million - $ .61 per share from $ 186 million - $ .29 per share last year.
"ADM delivered near-record performance in the first quarter, "said ADM Chief Executive Officer and President, Patricia A. Woertz. Our earnings, more than double those of a year ago, reflect strong momentum in our core businesses. However, we will continue to experience the challenges of dealing with volatile commodity prices.
Segment operating profit for the quarter increased 85% to $ 648 million from $ 351 million last year. ·Oilseeds Processing operating profit increased on improved market conditions in all geographic regions. ·Corn Processing operating profit increased due to improved ethanol and sweetener selling prices. ·Agricultural Services operating profit increased due to improved global merchandising and transportation results. ·Other segment operating profit declined primarily due to decreased results of Food, Feed and Industrial.
Discussion of Operations
Net earnings for the quarter ended September 30, 2006 were $ 403 million, or $ .61 per share, compared to $ 186 million, or $ .29 per share, last year.
Segment operating profit increased $ 297 million to $ 648 million for the quarter from $ 351 million last year.
Oilseeds Processing operating profit increased $ 71 million to $ 170 million for the quarter as improved market conditions resulted in increased operating profits in all geographic regions.
Corn Processing operating profit increased $ 154 million to $ 290 million for the quarter as Sweetener and Starches earnings increased $ 20 million to $ 113 million and Bioproducts earnings increased $ 134 million to $ 177 million. Increased starch, sweetener and ethanol selling prices contributed to the earnings improvement.
Agricultural Services operating profits increased $ 91 million to $ 111 million due principally to improved earnings of global grain merchandising operations and improved operating results of transportation operations. In the first quarter of fiscal year 2006, the negative impact of hurricanes decreased North American origination and export operating results.
Other segment operating profit declined $ 19 million to $ 76 million for the quarter due principally to a $ 31 million decline in Food, Feed and Industrial operating results. This decline was primarily due to reduced operating results of cocoa, wheat milling and natural health and nutrition operations, partially offset by a $ 12 million improvement in operating profit of the financial operations.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world"s largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners and flour. In addition, ADM produces value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 26,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2006 of $36.6 billion. Additional information can be found on ADM"s Website at http://www.admworld.com.
Brian Peterson Dwight Grimestad
Senior Vice President, Corporate Affairs Vice President, Investor Relations
Archer Daniels Midland Company
4666 Faries Parkway
Decatur, IL 62526
November 2, 2006 FOR IMMEDIATE RELEASE
ADM DIRECTORS DECLARE CASH DIVIDEND
The Board of Directors of Archer Daniels Midland Company today declared a cash dividend of ten cents a share on the Company’s stock payable December 18, 2006 to Shareholders of record November 17, 2006. This is ADM’s 320th cash dividend and 300th consecutive quarterly payment, a record of 75 years of uninterrupted dividends. As of September 30, 2006 there were 657,433,420 shares of ADM stock outstanding.
From: Brian Peterson, Senior Vice President-Corporate Affairs
Archer Daniels Midland Company