UNDATED— Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended Mar. 31, 2014. The company reported adjusted earnings per share of $0.55, up from $0.46 in the same period last year.
Net earnings for the quarter were $267 million, or $0.40 per share, comparable to the $0.41 per share in the same period one year earlier. Segment operating profit was $691 million, up 10 percent from the year-ago period. Adjusted segment operating profit was $780 million, up 17 percent from the year-ago period.
ADM operates three of the larger elevators in Hutchinson.