05/11/2019 | Ingredients

ADM Q3 results: robust growth in nutrition segment

Amid constrained North American grain export volumes and weak ethanol industry margins, Archer Daniels Midland Company (ADM) reports strong growth in its nutrition segment for the third quarter of 2019, ended September 30. The US global food processing and trading corporation outlined a higher-than-expected quarterly profit, in spite of the ongoing US-China trade conflict and the impacts of African swine fever (ASF) that has dampened demand for soy in China. Net earnings in the quarter under review totalled USD 407 m. Increased revenues across all the segments of the company were noted as the primary reason behind the top-line results.

ADM reports substantially higher Nutrition segment year-on-year results this quarter. Wild Flavors & Specialty Commodities Inc (WFSI) results were significantly higher than the prior-year quarter, with growth across the portfolio. In Specialty Ingredients, the protein business continued to expand amid the growing consumer market for alternative proteins. Continued contributions from growth investments in bioactives and fibers benefited the Health & Wellness business.