Global grain trader Archer-Daniels-Midland posted a drop in third-quarter profit on Monday and said in its delayed filing that it has revised its calculation of total segment operating profit.
ADM posts drop in Q3 earnings in delayed report, revises segment core profit
ADM says top compliance officer is leaving the company
Archer-Daniels-Midland Co's chief compliance officer, Ben Bard, is leaving the company early next year for personal reasons, the company said on Wednesday. The news comes one day after the global grain trader, which has been embroiled in controversy over its accounting practices, sought an extension from the U.S. Securities and Exchange Commission to file its third quarter financial report because it could not meet the deadline.
Grains merchant ADM slides on fresh accounting errors, profit forecast cut
Archer-Daniels-Midland shares fell eight per cent premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.
ADM accused of misconduct, lack of safety inspections after explosion hurt US worker
Archer-Daniels-Midland Co intentionally failed to test and maintain safety systems on its grain equipment for years, which contributed to an explosion that immolated a U.S. worker and put him in a coma last year, according to a lawsuit filed against the company.
ADM says its head of global supply leaving company
Camille Batiste, Archer-Daniels-Midland's senior vice president of global supply chain and procurement and a member of its executive council, is leaving the company next month, according to an internal email seen by Reuters on Tuesday and later confirmed by ADM.
ADM CFO to resign as company faces US government investigation
Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.
ADM announces plan to address accounting issues, posts earnings miss
The company's shares were up 4.3 per cent but down nearly 21 per cent for the year
Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.
Accounting probe hits ADM as crop glut, lower margins point to tough 2024
ADM shares fell 24 per cent Monday as news of accounting issues broke
An investigation into accounting practices in Archer-Daniels-Midland's ADM.N Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year.
ADM CFO placed on leave, shares tumble on probe into nutrition unit,
The global grains merchant cut its 2023 profit forecast, delayed Q4 results on investigation into flagged transactions
Shares of Archer-Daniels-Midland ADM.N slid 16 per cent in early morning trade on Monday after CFO Vikram Luthar was placed on administrative leave as the company investigates certain accounting practices at its Nutrition segment.
Feds pledge up to $26.3 million for expansion at Port Windsor
Project expected to significantly increase ADM's capacity at the Great Lakes port
A project to expand the Archer Daniels Midland (ADM) Company's Port Windsor terminal got a federal cash boost yesterday.
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