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ADM Can Grow Medium-Term Earnings Power To $4.50 Per Share, CEO Luciano Says
2015-05-27 08:30:41| Agriculture - Topix.net
TERM EARNINGS POWER TO $4.50 PER SHARE, CEO LUCIANO SAYS May 26, 2015 Source: ADM news release Archer Daniels Midland Company CEO Juan Luciano said today that further progress on the company's strategic plan of optimizing the core, driving operational efficiencies and growing strategically-coupled with a balanced approach to capital allocation-could drive the company's medium-term earnings power well above the $3.00 level. Speaking at BMO's 2015 Farm to Market Conference in New York, Luciano said, "Under normal crop conditions-given the investments and cost-reductions we've made-we expect the company to be able to generate ROIC of about 10 percent and an earnings-power range of between $4.00 and $4.50 per share in the medium-term."
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Category:Agriculture and Forestry