- Adjusted EPS of $0.60 excludes approximately $113 million in pretax LIFO gains ($0.11 per share) and other items that net to about $0.06 per share.
- Oilseeds Processing profit increased $202 million, with year-over-year improvements in crushing and origination results in all regions.
- Excluding last year’s $339 million asset impairment charge, Corn Processing profit decreased $207 million, due to ongoing weakness in industry ethanol margins.
- Agricultural Services profit rose $77 million, as solid U.S. soybean exports, improved international merchandising and a gain on ADM’s investment in GrainCorp benefitted results.
- Net debt balances declined to $7.2 billion, the lowest level since June 2010, as the benefits of the company wide focus on unlocking cash began to be realized.
ADM Reports Second Quarter 2012.5 Earnings Of $510 Million Or $0.77 Per Share
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