Archer-Daniels-Midland Company (ADM) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

Archer-Daniels-Midland Company (ADM) Presents at Barclays 19th Annual Global Consumer Staples Conference Transcript

Archer-Daniels-Midland Company (ADM) Barclays 19th Annual Global Consumer Staples Conference September 9, 2026 9:45 AM EDT

Company Participants

Monish Patolawala - CFO & Executive VP

Ian Pinner - Senior Vice President, President of Nutrition, Chief Sales & Marketing Officer

Juan Luciano - Chairman, CEO & President

Conference Call Participants

Benjamin Theurer - Barclays Bank PLC, Research Division

Presentation

Benjamin Theurer Barclays Bank PLC, Research Division All right. Well, first of all, good morning, everyone. Thanks for joining us for next on stage with ADM, global leader in human and animal nutrition and the world's premier agricultural origination and processing company. With us today are Monish Patolawala, Executive Vice President and Chief Financial Officer; as well as Ian Pinner, Senior Vice President and President of ADM's Nutrition business as well as Chief Sales and Marketing Officer. So Monish, you're going to start off with some opening remarks, and then we'll get into our questions.

Monish Patolawala CFO & Executive VP Sounds great. Thanks for having us, Ben. It's always great to be back here. And Ian, thanks for joining me on stage, and we got my 2 IR friends, Greg and Kate joining us, too. I just thought I'll do a quick recap of the second quarter and where we stand at the first half, and then we'll take the questions the way you see fit. The team executed well. We delivered $1.84 of adjusted EPS at the end of Q2. For the first half, when you look at where we are, our adjusted EPS is up 50% on a year-over-year basis. Good execution, I would say, across all the 3 businesses. I would say on the commercial and operational side, including manufacturing, the teams have done a nice job of driving volume, capturing some of the opportunities that existed. When I