Photo: ©JETCITYIMAGE – STOCK.ADOBE.COM CHICAGO — Key strategic accomplishments across the business, particularly the company’s progress on productivity and innovation objectives, lifted fiscal 2022 earnings and revenues at ADM, said company executives. Net income at ADM in the year ended Dec. 31, 2022, totaled $4.34 billion, equal to $7.71 per share on the common stock, up 60% from $2.71 billion, or $4.79 per share, in fiscal 2021. In the fourth quarter, earnings totaled $1.02 billion, or $1.84 per share, up 30% from $782 million, or $1.38 per share, in the same period a year ago. Revenues in fiscal 2022 increased 19% to $101.85 billion from $85.25 billion. The year-over-year increase was driven by a strong fourth quarter in which sales climbed 14% to $26.23 billion from $23.09 billion a year ago. “When I examine 2022, our ability to drive structural growth in earnings and improvement in ROIC was supported by key strategic accomplishments across the enterprise, particularly the progress we made on our productivity and innovation objectives,” Juan Luciano, president and chief executive officer, said during a Jan. 26 conference call with analysts. “Our productivity work in 2022 included enhancing our operational resilience, including through stabilizing our plant operations […]
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