SOURCE: Industrial Info Resources

Industrial Info Resources

August 01, 2012 06:15 ET

Archer Daniels Midland Faces Weakened Crop, Ethanol Market in 2012, Lowers Spending Outlook for Next Six Months, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 1, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Agricultural product leader Archer Daniels Midland Company (NYSE:ADM) (ADM) (Decatur, Illinois) reported diminished earnings in the company's fiscal fourth-quarter and full-year 2012, as tight U.S. crop supplies and negative ethanol margins significantly weakened exports and domestic merchandising results. Net income was reported to be $284 million for the quarter, a 25.46% decrease from fourth-quarter 2011, and $1.22 billion for the year, a 39.93% decrease from 2011. Industrial Info is tracking $362 million in active projects involving ADM, including the $21 million construction of a grassroot loader grain elevator in Park River, North Dakota, and the $10 million construction of a grassroot food transfer terminal in Chattanooga, Tennessee.

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