HUTCHINSON, Kan. — Archer Daniels Midland posted solid numbers as they released its fourth quarter earnings report. The oilseed company reported earnings per share of $1.22 compared with $0.90 in 2019.
Total revenue for the quarter totaled $17.9 billion compared with $16.3 billion and net earnings increased to $687 million.
For the year, the company reported profit of $1.77 billion, or $3.15 per share. Revenue was reported as $64.36 billion.
ADM employs an average of 55 employees in Hutchinson at five different facilities.