Archer-Daniels-Midland (ADM) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined sharply compared to the same quarter last year. The sequential trend showed a modest increase from the immediately preceding quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined sharply compared to the same quarter last year. The sequential trend showed a modest increase from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.7%
Change from the immediately preceding quarter.
Year-over-year
-75.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.5B
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 |
|---|---|---|
| Sep 30, 2023 | $6.4B | -74.1% |
| Dec 31, 2023 | $23B | -11.4% |
| Mar 31, 2024 | $5.9B | -75.3% |
| Jun 30, 2024 | $6.2B | -75.5% |
Revenue performance
The reported revenue direction was down year over year, reflecting a significant drop from the prior-year period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased slightly. Compared with the same quarter one year earlier, revenue decreased substantially.
What to watch
The filing context does not provide a specific cause for the revenue decline; monitor future filings for any updated risk factors or management discussion.