| Business Summary | | Archer-Daniels-Midland
Company
is
engaged
in
the
business
of
procuring,
transporting,
storing,
processing
and
merchandising
agricultural
commodities
and
products.
The
Company
is
a
significant
processor
of
oilseeds,
corn
and
wheat.
The
Company
also
processes
cocoa
beans,
milo,
oats,
barley
and
peanuts.
Other
operations
include
transporting,
merchandising
and
storing
agricultural
commodities
and
products.
These
operations
and
processes
produce
products
that
primarily
have
two
end
uses:
food
or
feed
ingredients.
Each
commodity
processed
is
in
itself
a
feed
ingredient
as
are
the
by-products
produced
during
the
processing
of
each
commodity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Archer-Daniels-Midland
is
engaged
in
the
business
of
procuring,
transporting,
storing,
processing
and
merchandising
agricultural
commodities
and
products
such
as
oil
seeds,
corn
and
wheat.
For
the
fiscal
year
ended
6/30/01,
revenues
rose
8%
to
$20.05
billion.
Net
income
rose
27%
to
$383.3
million.
Revenues
reflect
increased
volumes
of
grain
merchandised
and
higher
average
selling
prices.
Earnings
also
benefitted
from
lower
bad
debt
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
5,345,292;
after
tax
earnings
were
56,099. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| G. Allen Andreas, 57 Chairman
and CEO | $2.5M | John McNamara, 52 Pres | 1.2M | Martin Andreas, 61 Sr.
VP | 790K | Larry Cunningham, 56 Sr.
VP of Corp. Affairs | -- | Craig Hamlin, 54 Sr.
VP | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|