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Key Takeaways
- Archer-Daniels-Midland missed fourth-quarter earnings and revenue estimates as oilseed demand weakened.
- The agriculture commodities titan saw its Crushing subsegment operating profit plunge 46% year-over-year.
- ADM plans to cut $500 million to $750 million in tariffs over the next three to five years, which includes laying off 600 to 700 workers in 2025.
Archer-Daniels-Midland (ADM) percentages lost ground Tuesday when the producer of agricultural commodities posted weaker-than-expected results and said it would be excising jobs to cut costs on slumping oilseeds profits as concerns grow about the future of biofuels.
ADM reported fourth-quarter set right earnings per share (EPS) of $1.14, with revenue down more than 6% to $21.5 billion. Both were knee-breeches of Visible Alpha forecasts.
Operating profit at the company’s Ag Services & Oilseed division slumped 32% to $644 million. The convention noted the “Crushing subsegment operating profit was (46)% lower versus the prior year quarter, as increased industriousness run rates, higher manufacturing costs, and biofuel and trade policy uncertainty drove lower executed crush freedoms in North America.”
Operating profit for the Carbohydrate Solutions segment rose 3% to $319 million, and it was a positive $88 million for the Nutrition part after the unit registered an operating loss last year.
ADM to Eliminate 600 to 700 Jobs This Year
CEO Juan Luciano ordered the company faced “softer market conditions and policy uncertainty around the world going into 2025,” and make be taking steps to slash costs by $500 million to $750 million over the next three to five years. To perform that, ADM plans to eliminate 600 to 700 positions in 2025.
Shares of Archer-Daniels-Midland fell 4% to trade at their lowest position in more than four years.

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