you, Juan. Thank
has own begin sharing accomplished me what Let my of over by and the months year. our X first finance congratulations team this for thanks
in over months, this as As to I'm a we in And employee support achieve when them. last this welcome and accomplish excited reality have several company stepped capacity work joins and interim CFO. I'm of again XX-plus-year served proud as company, Manish to the to team. colleagues our the I the he collectively I the as can the seen have amazing was things
quarter second on GAAP were share XX, a ended the per For $X.XX. XXXX, earnings basis June
earnings and approximately period. per the margins per year Lower second versus $X Adjusted year the billion decline decrease to was crush basis or of Adjusted per led reflecting execution the period. margins. GAAP share share impact of a versus were prior lower largely pricing $X.XX. $X.XX prior the billion operating origination a to impairments. million, profit was related and quarter, XX% of share for a on profit segment operating $X.XX included $X charges Segment $X
in improvement at East. AS&O Volume versus increase costs per $X.XX the represented period. a per represented share a ] of carbohydrate year. higher and prior solutions. Higher downtime increase to year $X.XX $X.XX [ share $X.XX Kater the primarily Share prior per reflecting per the unplanned share of volumes were versus share primarily repurchases related
per share the there impact. was negative a approximately During quarter, $X.XX
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origination farmer led out results rebalancing [indiscernible], slower year, diesel as to of export South volumes margins. a lower trading saw American South Ag at America due the as to than lower were Brazil results limited by Services oil costs a in have out carriers both to the of [indiscernible] Supplies cooking logistic to used for smaller-than-expected in renewable led selling primarily take-or-pay a of originations lower grow. well of feedstock prior continued contracts America South and a driven margins yields America opportunities. competitiveness led lower industry to shift in higher crop crop Argentina related and strong as and and to North to as
remains oil As quarter, global both demand strong. and for began we meal the
with However, margins. crush oil the combined of also weighed of cooking used Argentinian the increased crush return on imports
of margin later to for $XX this progress an improvement team performed selling the we an driving S&D brought slower dynamics, in Argentina farmers quarter, The board leading metric environment, per crush. soy quarter. in executed tighter crush well the As ton in approximately
also we of levels the as refining an fundamentals results to increased more at and While result approximately pretreatment margins supported In were prior and Products structure The come plants record used credits to of of higher versus diesel year. cooking renewable to has of a record RIN LCFS and off comparable In period. expected, positive capacity of ease Other the Refined margin the balance crush imports values. prior as of biodiesel mark-to-market primarily and margins lower year the $XXX due caused impacts. timing oil relative reversal North levels in lower America, improving million impact last
impacts timing in positive there lower Wilmar During impacts $XX approximately year million versus were $XX million comparable of million to negative of timing Equity the of prior the quarter. the were period. approximately earnings from quarter, $XX compared
the as became team by for quarter in more and came region Within they as results high executed to summer fundamentals offset strong margins space partially solid by processes streamline export U.S. were And and historically which improving ethanol overall our up quarter demand. stocks in the operational leading sweetener and for second remained our versus margins positions. blending subsegment [indiscernible] X. supported moved and improved export Moving North Sweeteners starch helped profit The year. lower, Sweeteners market. excellence delivering America year-over-year and demand the robust, higher off we margins. lower cost and an and as in efforts be by Starches prior levels. firming and [indiscernible] driving the ethanol to $XXX volumes to rates domestic supported strong constructive both in EMEA were have advanced The was season efficiencies, the in Demand in later operating domestic markets million Slide continue solutions higher well, Industry the
solid In year-over-year subsegment, for export the ethanol demand Processing supported to higher strong leading margins, Vantage ethanol Corn results.
Moving X. up second on sequentially for were revenues improved Nutrition basis quarter, the and first from to a X% the quarter. $X.X Slide billion year-over-year
headwinds offset as with mix in Health M&A plant-based lower in and in as volumes market subsegment protein Wellness strong Nutrition business, more combined XX% Our than revenue our Human flavors, improved growth demand. lower grew from year-over-year well and as contributions strong pricing texturants the &
Our lower offset Animal Nutrition to was turn year subsegment as by and business. base volumes had the the prior improved partially lower Please revenues XX. in Slide mix pricing versus
The of second prior lower we texturants Ingredients improvement Nutrition has year quarter, higher pricing operations, in quarter downtime sequentially. profit business in which unplanned and cater continued quarter driven results when business. to progress with comparing the to at primarily Human Specialty by East have the improve lower, Within to Nutrition marked Flavors, for sequential were led shipments another operating the the
pet partially the results interest optimization margins, the on Brazil. ADM income due in to and actions business lower In volumes lower performance offset higher commodity by activity. claim year to Investor cost prior execution results and results America base versus higher improved lower led Services Current Animal helped lower decreased in Nutrition North has and were support solutions prices as
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XX. flows the our to operating and Through capital. Slide company healthy has before of working generate flow cash balance the $X.X quarter, continued Turning flows billion sheet second to on cash cash with
our leverage and for Our to been cash shareholder robust sheet support both financial also disciplined targeted now our able ratio returns. balance excess long-term to flexibility, is management With flow cash within we strategic growth leverage have support generation. and reflecting robust range, current enhanced to approach initiatives
billion program, XXXX. repurchase our we targeted quarter, shares of million and to of completion far the market of shareholders In share our the through capital $X.X repurchases have we over billion During so $X.X approximately total, year. the through capital $X returning billion that's repurchases making for returned X dividends in of repurchased open
business invest to We our capital the allocating $XXX also continue to on of reliability with expenditures. the performance million app enhanced an focus in
quarter third breaking Now Slide down on expectations the for XX. our by segment
operational the expect if and robust year both to the we and than In period. off third to the improvement human benefits year. [indiscernible], half. support to the sequential than in be margin meal In excellence We We moderate quarter higher for year structure our and demand to hold. It could third third export our business the markets support from prior improved to Carbohydrate in animal period the continue are the year. quarter, the enhance important the be full than will oil we improved We note likely achieves throughout as run strong volumes damages remain a as from excellence and anticipate quarter operational year levels. strong million and wheat anticipate continue anticipate anticipate from the Bison systematically lower to focus rate. both the levels we prior as solid earnings we nutrition In related demand however, network, year. margins but domestically with volumes, and for and to lower JV the see upside and across across continued Green recovery year throughout process be this the the on the nutrition, $XX but The versus expected prior to the Nutrition, anticipate also ethanol, we operational lower presented is cyclical pipeline also improved crush in and drive yield second included a prior opportunities optimizing our milling Solutions, quarter. opportunities environment in our the anticipate which Network to fundamentals organizational low margins, efforts optimization convert to is third quarter Coupling elevated Hurricane IDA. insurance prior team second in both cost
America lower margins Slide lead the full XX Turning to year increased would We to guidance discuss segment South production anticipated in our across assumptions. to in AS&O crop XXXX.
soybean soybean performance meal America $XX ton the America would half global in per with on opportunities be weighed well around and merchandising the farmer Though lower-than-average by ton likely larger margins in oil Services. in as region selling the experienced Ag metric demand. the midpoint crop for South the year, margins range $XX in per materialize, of here which first we in that metric And crush did the to production of the determined as negatively North through strength
these robust soybean supporting margins on expect continue to midpoint. and We soybean meal to On margins demand based margins, pressure in our livestock third continue solid dynamics the see crush to some margins quarter. we above
an With the per results improving half, in largely unchanged. share less range opportunities first merchandising half and environment crush balancing the in line with second in earnings our XXXX remains
metrics full included Looking our total other guidance, indications at consolidated the XXXX in year our unchanged. remain
to you, Juan. Back
