Earnings release
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Exhibit 99.1 ADM® ADM Reports Third Quarter Earnings per Share of $ 0.93 , $ 0.97 on an Adjusted Basis • Q3 net earnings of $ 526 million ; adjusted net earnings of $ 548 million Segment operating profit of $ 1.0B • Adjusted EPS up 9 % despite higher effective tax rate • Continued momentum , on track for strong Q4 CHICAGO , October 26 , 2021 - ADM ( NYSE : ADM ) today reported financial results for the quarter ended September 30 , 2021 . " Agile execution across our tightly integrated supply chain amid an environment of strong demand and robust crush margins , and continued impressive growth in Nutrition , drove our eighth consecutive quarter of year - over - year adjusted operating profit growth , ” said Chairman and CEO Juan Luciano . " Our team's great ability to leverage the favorable operating environment , and the consistent implementation of our strategic plan , have put ADM on track for a strong fourth quarter culminating in a second consecutive year of record earnings per share . And as we look ahead , we remain optimistic in sustainable earnings growth in the medium term as we continue to execute our strategy , including the dynamic positioning of our business portfolio . " ADM has made a series of strategic growth and portfolio announcements in recent months , including significantly enhancing its growing pet business with a 75 % ownership stake in PetDine , and continuing to advance its evolution to higher - value sustainable solutions in Carbohydrate Solutions with the sale of the Peoria ethanol complex ; an MoU with Gevo , Inc. for the production of sustainable aviation fuel ; and an agreement with LG Chem to explore U.S. - based production of plant - based biosolutions . Third Quarter 2021 Highlights ( Amounts in millions except per share amounts ) 2021 2020 Earnings per share ( as reported ) $ Adjusted earnings per share¹ 0.93 $ 0.97 $ 0.40 0.89 Segment operating profit $ 1,000 $ 904 Adjusted segment operating profit ( loss ) ¹ $ 1,002 $ 849 Ag Services and Oilseeds 618 436 Carbohydrate Solutions 213 246 Nutrition 176 147 Other Business ( 5 ) 20 • Q3 2021 EPS as reported of $ 0.93 includes a $ 0.05 per share charge related to debt extinguishment , a $ 0.01 per share charge related to restructuring and settlement , a $ 0.01 per share gain related to the mark - to - market adjustment on the Wilmar exchangeable bond , and a $ 0.01 per share tax benefit related to certain discrete items . Adjusted EPS , which excludes these items , was $ 0.97.1 1 Non - GAAP financial measures ; see pages 5 , 10 , 11 and 12 for explanations and reconciliations , including after - tax amounts . 1