Earnings release
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Exhibit 99.1 ADM® ADM Reports First Quarter Earnings of $ 1.22 per Share , $ 1.39 per Share on an Adjusted Basis • Q1 net earnings of $ 689 million ; adjusted net earnings of $ 783 million • Adjusted segment operating profit up 86 percent year over year • Calendar year outlook for 2021 substantially improved ; expect significant EPS growth and another record year CHICAGO , April 27 , 2021 - ADM ( NYSE : ADM ) today reported financial results for the quarter ended March 31 , 2021 . " ADM delivered an outstanding first quarter , building on our great 2020 performance . As expected , we achieved strong earnings spanning all three of our businesses , and a sixth consecutive quarter of year - over - year adjusted operating profit growth , " said Chairman and CEO Juan Luciano . " Our team executed well across the board , as we continued to find new and innovative ways to meet the evolving needs of our customers . We are seeing clear , favorable demand trends for many of our products , and we expect that pattern to continue as vaccine rollouts accelerate and restrictions ease . " We are also moving into the next phase of our strategic transformation , which will sharpen our focus on two key pillars — Productivity and Innovation ― to enhance our capabilities to deliver - outstanding execution , serve customer needs , and power growth and profitability . " Taking all of these factors into account , our outlook today is even more optimistic than what we shared at the beginning of the year . We expect significant year - over - year growth in earnings across all three of our businesses in 2021 , and continued sustainable growth in the years to come . " 1