Under its drive pillar, the company continues to adapt to its new organizational structure to reach operational excellence and set goals. It also continues to adapt to consumers’ changing nutritional preferences. Under the optimize pillar, the company is on track with improvement in its key businesses - the Decatur complex, Golden Peanut and Three Nuts. What Else Do You Need to Know?Īrcher Daniels remains on track with its three strategic pillars - optimize, drive and growth. Some other notable efforts in the global nutrition unit include the acquisition of pet treat and supplement manufacturers namely PetDine, Pedigree Ovens, The Pound Bakery and NutraDine Europe-based non-GMO human nutrition protein solution, namely Sojaprotein and Vietnam-based animal nutrition premix provider, Golden Farm. Management, on its last reported quarter’s earnings call, hiked the 2021 operating profit growth guidance for the Nutrition segment to 20%. The Animal Nutrition unit grew year over year, owing to positive demand and margins in amino acids, strength in feed additives and ingredients, and improved performance in the EMEA region, which more than offset the adverse impacts of COVID-19. Sales growth in specialty proteins aided the Specialty Ingredients unit, while robust sales and margins in probiotics contributed to the Health & Wellness category. Within the Human Nutrition unit, the North America and EMEA regions gained from strength in the flavors business, stemming from higher volumes and better product mix, particularly in the beverage category. The segment’s adjusted operating profit grew 27.2% year over year, owing to significant gains in the Human and Animal Nutrition units. Speaking of its Nutrition segment, revenues at the segment rose 20.6% year over year in second-quarter 2021. Solid performance in its Ag Services & Oilseeds, and Carbohydrate Solutions also bode well. Archer Daniels Midland Company ( ADM Quick Quote ADM - Free Report) looks well-positioned on the back of solid demand for most of its products and continued strength in its Nutrition segment.
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