logo
  

ADM Lays Out Strategic Plan For Sustainable Earnings Growth

ADM (ADM) unveiled a comprehensive plan to drive continued earnings growth to $6.00 - $7.00 per share by 2025. The company will reduce Scope 3 greenhouse gas emissions by 25% by 2035 from a 2019 baseline.

The company targets doubling of nutrition profitability to a range of $1.25 billion - $1.5 billion by 2025.

The company detailed a five-year plan with targets including net incremental operating profit growth of $1.2 billion, which translates to high single-digit percentage earnings per share growth from a current normalized baseline of $4.00-$4.50 per share to a new baseline of $6.00-$7.00 by 2025.

The company targets growth across all three business units, with Nutrition targeting $1.25 billion - $1.5 billion in operating profit by 2025.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Salt Lake City, Utah-based Creminelli Fine Meats is recalling around 4,207 pounds of ready-to-eat or RTE parmesan salami sticks citing misbranding and an undeclared allergen, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves 2.6-oz. plastic pouches containing "CREMINELLI FINE MEATS salami minis UNCURED ITALIAN SALAMI PARMESAN" with "BES The U.S. Food and Drug Administration is proposing a rule that will broaden the range of nonprescription or over-the counter drugs available to consumers. The rule titled, "Nonprescription Drug Product with an Additional Condition for Nonprescription Use," is intended to increase options for the development of safe and effective nonprescription drugs. The U.S. Food and Drug Administration announced that Australian organic infant formula and baby food producer, Bellamy's Organic, has agreed to send around 696,000 cans of general formula milk to the United States to meet the supply shortage. Under the FDA's enforcement discretion to source more infant formula to the U.S., the available Bellamy's Organic products include about 1.4 million pounds.
Follow RTT