ADM announced on May 5 its financial results for the first quarter of 2026, reporting net earnings of $298 million and adjusted net earnings of $345 million. The company also raised its full-year adjusted earnings per share (EPS) outlook to a range of $4.15 to $4.70, up from the previous guidance.
The updated outlook reflects ADM’s expectations for improved performance in its crushing and ethanol businesses following the finalization of renewable volume obligations under U.S. biofuels policy in March. Juan Luciano, Chair of the Board and CEO, said, “Within a dynamic global landscape, ADM delivered robust operating performance in the first quarter, with our crushing and ethanol businesses capitalizing on a constructive biofuels environment and our Nutrition business benefiting from higher Flavors sales, the ongoing Decatur East plant recovery, and continued improvements in Animal Nutrition. With U.S. biofuels policy clarity now providing a stable regulatory framework, combined with our team’s solid execution, we are raising our earnings expectations for 2026.”
Earnings before income taxes were $384 million for the quarter ended March 31, compared to $353 million in the same period last year. Adjusted EPS was reported at $0.71—an increase over last year’s $0.70—while total segment operating profit reached $764 million.
In segment results: Agriculture Services & Oilseeds saw an operating profit decrease by 34% year-over-year due to negative mark-to-market impacts; Carbohydrate Solutions’ operating profit increased by 48%, mainly from strengthening ethanol margins; Nutrition’s operating profit rose by 42%, supported by improved Human Nutrition and Animal Nutrition subsegments.
ADM employs approximately 41,000 people globally according to its official website. The company operates around 150 manufacturing sites with an extensive transportation network that includes elevators, trucks, railcars, barges and ships according to its official website. ADM focuses on utilizing nature to enhance quality of life as a global manager and processor in the agricultural supply chain according to its official website, supporting farmers’ legacies while building resilient supply chains aimed at improving food security according to its official website.
Under Luciano’s leadership as Chair of the Board and CEO Juan R. Luciano the company evolved from a regional linseed oil business into a global leader in nutrition and biosolutions. ADM has also earned recognition for its regenerative agriculture program at industry sustainability awards according to its official website.
Looking ahead, ADM said it will continue monitoring external factors such as consumer trends, energy costs, supply chain disruptions and changes in global trade conditions.
