Archer-Daniels-Midland (ADM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter fell markedly compared to both the prior quarter and the same period last year. The decline was steep, reflecting a continuation of uneven quarterly results.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter fell markedly compared to both the prior quarter and the same period last year. The decline was steep, reflecting a continuation of uneven quarterly results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
-74.1%
Change from the immediately preceding quarter.
Year-over-year
-75.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$60.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $25.2B | -7.7% |
| Sep 30, 2023 | $6.4B | -74.1% |
| Dec 31, 2023 | $23B | -11.4% |
| Mar 31, 2024 | $5.9B | -75.3% |
Revenue performance
The reported revenue represents a significant drop from the preceding quarter, and is also well below the level seen a year earlier. The trend over recent quarters shows considerable fluctuation.
Quarterly comparison
Sequentially, revenue decreased sharply from the immediately preceding quarter. On a year-over-year basis, the decline was similarly pronounced.
What to watch
Observers will monitor whether revenue can stabilize in the coming quarters.