HUTCHINSON, Kan. —Archer Daniels Midland (ADM) will release its quarterly earnings report later this morning.
The oilseed giant continued to move in a strong direction when it reported total earnings of $728 million, or $1.32 per share, in the final quarter of 2021. Total revenue for the quarter was $23 billion and profits totaled $1.38 billion, which was a small increase year-over-year. For the year, the company reported profit of $2.71 billion, or $4.79 per share. Revenue was reported as $85.25 billion.
ADM operates five elevators in the Hutchinson area, employing around 65 workers.
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