Please Juan. X. you, turn Thank Slide to
highlights financial segment into XXXX. some quickly quarter let for full fourth me the performance, year and jumping the of recap Before
we out market later experienced fourth negative pressure expected, the largely While played quarter December. from conditions as in
we previously our finished guided For share earnings the within full adjusted range. year, per
The focused stronger team finish enter self-help on actions on remains the a year footing. key XXXX and into to
transitioning and forefront. fourth and fourth provide with dynamics with in biofuel me challenging some market perspective trade performance, To broader the let highlights uncertainty Now the on into landscape the at segment operating and start, shape was the on quarter AS&O. policy starting environment the quarter. that The
supplies, rates higher environment. crush crush global in the uncertainty trade and impacted Ample negatively and biofuel Argentina policy from
manufacturing also high We experienced costs.
year $XX of and per per margins claims. Decatur included Also million East respectively, related tonne As in crushing canola fourth results period. crush of partial the insurance the were ton proceeds a settlement lower, quarter execution result, for insurance versus West $XX soybean were prior subsegment and our Decatur to $XX the and the approximately
the facilities we elevated levels food From softer capacity on compared costs. America, oil environment from challenges logistical both The prior well the year. river and used experience in refining as oil weighed diesel a origination at to pretreatment to look during supportive demand to levels continued related quarter. as as cooking cut the U.S. margins was as also to of Increased biodiesel North perspective, they the renewable continue the import customers eased
quarter XX% million, compared for prior Overall, backdrop, segment was down against year fourth to the operating this $XXX profit AS&O the period.
lower AS&O of the was For year, year. profit billion XX% segment prior full the operating versus $X.X
lower contracts. performance and due the Looking XX% for full margins of subsegment in volumes take-or-pay primarily at $XXX origination part by Ag million the was profit year, American South industry Services operating versus year, to prior driven subsegment lower
our which in profit supplies led operating more The margins opportunities global also throughout $XXX and versus lower trade supply fewer as to ample stabilization drove trade demand year. XX% conditions prior of year subsegment impacted Crushing of million balanced negatively the business. was global flows the
the West crush $XX Decatur full were There incident per margins claims related year-over-year. year for soybean $XX ton settlement prior lower were of prior versus also year in timing the in million the The canola lower approximately impact per Executed year. East versus ton $XXX and partial negative included $XX approximately million proceeds the approximately and the of XXXX. to of in Decatur net insurance
lower at policy other and oil, margins. as demand negatively operating year prior the food and million pretreatment to $XXX aggressive impact of There million facilities used diesel biofuel was products suppliers renewable higher were customer net subsegment XX% imports compared of approximately cooking all among profit Refined of negative year-over-year. competition increased to serve impacted capacity $XXX uncertainty timing
$XXX Equity was for to prior ] earnings from the higher the compared XX% full company's year. investment the year, in Wilmar [ million
The Slide profit robust expected prior ethanol. in to quarter for demand in year. as the reflected X. line Carbohydrate largely as with Turning was the unfolded Solutions fourth operating results
$XX Sweeteners lower to However, performance Decatur insurance reflected and and a the drove the settlement of margin also insurance claims. million Results higher environment. proceeds as related partial both Starches of East industry West North Decatur strong as well production American
Carbohydrate For profit the year flat segment $X.X compared was billion full Solutions the operating to year. prior of XXXX,
million year $XX related West full the Decatur EMEA partial of for America values the profit billion claim insurance proceeds as to East compared higher slightly in $X.X lower of operating were in volumes of The subsegment offset ethanol. and weaker incident Sweeteners and and core Decatur year to strong North the by was settlement margins margins and the prior also XXXX. Starches included and in product
due prior year Vantage for profit XX% Corn the offset lower was margins compared subsegment to more robust $XX production as than operating the lower exports. higher industry million Processors of ethanol to demand
from to fourth organic the Turning Decatur quarter, headwinds East drove segment, downtime lower weaker unplanned ongoing Slide at In the in revenues. Nutrition consumer X. and demand
prior Decatur East the Operating lapping the supply insurance improved quarter, due cost of included million partial settlement related also of negative associated the with quarter goods was fourth claim. impact negative due items of higher million $XX The the agreement. to the in insurance sold to in year-over-year an a termination unfavorable recoveries profit the higher nonrecurring and of mix year $XX to
well. billion, Human $X.X indicator flat were revenues the and to pricing revenue revenue up declined East to was organic and in related Nutrition nutrition X% [indiscernible] impact due unfavorable basis, in and and as volumes organically unplanned year Brazil compared was Nutrition volumes year. improved and negative flavors X%. mix to Animal health offset Full demand challenges. prior mix, an headwinds roughly currency to revenue On down due the fulfillment downtime lower
versus primarily partially in Wellness in XX% subsegment profit year million the and unplanned lower Full nutrition of Nutrition M&A operating profit contribution. $XXX the offset and XX% operating lower favorable downtime Health East driven higher by Human business year. business costs, at of & year, Decatur performance by prior million the the segment improved was mix to manufacturing compared was prior $XXX flavors
incident the million subsegment of $XX by claim to than an proceeds the an actions of Decatur of year cost higher in due prior million The XXXX. margins year supported was Animal profit the Human settlement Nutrition subsegment East $XX also included improve to increase partial volumes. insurance higher in related Nutrition and to optimization mix operating for full results
to in working relative capital our year down shareholders. the approximately segment our before turn due supported of flow lower invest billion, Slide and Despite to to profit. the from decline, return total to excess business In company to prior the XX. XXXX, cash operating cash generated operations ability Please solid generation cash XX% $X.X
cost to and in returned approximately completed share in in the our repurchases, $X.X of In billion efficiencies of XXXX, and billion capital the to assets company reliability and to January announced the expenditures dividends $X M&A allocated form $X.X and XXXX. XXXX billion support
differentiator Our a critical remains strong capital company. structure for the
us long-term organically invest to the flexibility We provide strengthen to financial continue will create seek value. further opportunities and balance our in to to enhance to business sheet returns
divestitures on Juan will focus portfolio value simplification align our consolidation mentioned, including and targeted As actions, help creation.
We shareholders share we repurchase to increase million to additional time, quarterly an next share dividend returning opportunistically remain our as the in At cash extension committed recently will X-year and our same period. an seek to the an repurchases. over which dilution to look shares of and up program, offset well XXX is as announced
Slide turn Please XX. to
crush results December external on have to vegetable uncertainty meal expected Canada demand soybean the in create for of that volatility AS&O China, for oil for has biodiesel soybean XXXX touched global We have which and that dynamics and market higher have an on policy trade half particularly impacted include market of our global biofuel already persist U.S. some driven which crush dynamics values levels margins, negatively canola first to and with segment. policy stock are we several U.S. and rates, and increase margins. these in pressure related and navigated uncertainty our pressured Argentinian and These headwinds
for metric that America, In half reflected canola. are the $XX driving vegetable soybean near experienced North below crush and these levels lower which by values, factors $XX we together, these are ton of and year. the in last metric margins per well in for first cases, ton Taken significantly meal is oil per replacement both
half As about signs improvement see the the we look the of the to XXXX, indication optimistic One margin that of is board value course clear over second half. in second make crush year. signaling the or market carrying we us
XX and crush expect oil. we progress support to U.S. year, demand we clear guidance clarity crop-based strong we through and expect fundamentals strong biodiesel as better to Additionally, particular, In policy for uncertainty the to support margin. vegetable on
expansion We biofuels to global demand. vegetable support expect global policy oil also of
SaaS mandates in and increases with bar newly Europe. Brazil implemented mandates in include the examples diesel Key
robust focused market operational excellent Overall, on in XXXX, favorable and capture the less in mitigate the with cost the to improvements market the accelerating set partially sector Lastly, to savings to an are position second into improvement demand. we we and meal half. up conditions be support livestock expect opportunities in
Turning Slide XX. to
and with We RPO. segment oil XXXX Ag approximately each prior declines have be and in Starting down for period, for provided year crushing details led profit Services full the by and quarter, expect support quarter outlook operating year. our first the to relative In the we to that sales. XX% first segment the
On biodiesel to anticipate expected than profit period. to margins RPO prior significantly and execution for crushing, both to year in we are first the the significantly drive period. subsegment crush margins the soybean the lower year quarter operating prior lower lower canola be In compared
For which the offset the will profit full for lower similar segment margins year, we operating expect below costs, with of higher impact AS&O improvements lower manufacturing to XXXX. to Operational be and support the volumes segment. partially should
at from ton the For the expect tonne, versus $X execution prior midpoint per full down to year, $XX margins we per the range crush to soybean approximately year. $XX
crush execution per $XX $XX to to tonne, at ton down canola expect year. range prior the We compared $XX from per midpoint to margins approximately the
For down we to the RPO, significantly year. prior compared be to operating expect profit
the X% million total $XX insurance million operating quarter, the compared for Decatur prior the expect recoveries to we be XX% We approximately by first claim in related to profit Carbohydrate lower $XX of expect segment the to to compared to period. XXXX. recoveries Solutions In year of
volumes Strong offset negatively export increased and likely volume. demand are margins. region likely sweeteners North to cost margins In in by be strong American higher impact support results ethanol, to in as is lower robust the competition corn and starches and EMEA
industry margin. expected ethanol rates result to breakeven in are However, run higher EBITDA
than Solutions EMEA as in strong segment the year, year operating and offset to volumes margin by ethanol. in For lower expected prior full America are we more to margins profit and the North moderation expect Carbohydrate relative period be
down of anticipate to midpoint the in we range prior to compared $X.XX year. $X.XX the the be For ethanol $X.XX at year, to the EBITDA approximately margins
insurance the year to expect be compared recovery $XX We first quarter we of XX% in million In the $XX down XXXX. expect of period. profit to Nutrition, prior to recovery million operating compared insurance approximately
negative costs higher with Decatur continued associated raw face and impacts East. material to expect downtime at We
We segment. margins lower costs and this for also competition texturant insurance lower [ plant-based demand ] proteins, drive increased expect higher and in to
effects of profit $XX fourth quarter insurance of sequentially be million XXXX, expect we first we in approximately flat Notably, the of quarter. proceeds to operating excluding Nutrition in the received the
performance anticipate year, business. led nutrition revenue year we our acquisitions mid-single-digit compared full prior of operating East. to the For and recent chain associated be improved to profit in to growth operations nutrition, Strong with increased by Flavors low and improvement helping at higher supply to the the expected Decatur the cost human is headwinds offset to volumes in ramp-up support execution an from with
we continued benefits optimization improvement well cost as Nutrition, of Animal from mix business. our pet anticipate profitability In actions an in as
We expect recovery insurance to in million of XXXX. recovery insurance compared of approximately $XX million $XX
Now looking earnings today, adjusted at to we $X.XX between on that the Slide Earlier per be expect share. announced consolidated share to outlook we XX. $X per
range, keep to and in create lower AS&O In is expect margins headwind. in considering a We important this material to following: the [indiscernible] it mind
out, Our lower which focus to of million million the and manufacturing execution produce on includes should cost costs. and $XXX benefit improved SG&A cost $XXX of
impact negative reverse ag We from expect to the take-or-pay services year. in last
anticipate also less insurance in We XXXX. proceeds
XXXX We in million XX% currently reinsurance. from This insurance coming million in XXXX. with expect to approximately reinsurance approximately is $XXX of XXXX $XXX million compared with total approximately recoveries in $XX from coming
other our at to costs Looking be corporate of within to range billion. $X.X anticipate $X.X billion metrics, we guidance the
interest actions in than be incentive expense and We the of offset relative a reductions performance-based of compensation corporate to and in benefit the XXXX. reversal legal the net in costs to more elevated expect by cost decline
rates. in compared due expect ADMIS we prior other, In interest the to lower to results lower year
be to the capital range billion $X.X in billion. D&A expenditures we We expect approximately and to $X.X $X.X to billion, be of expect
range global a the earnings credit, XXXX to effective higher the expansion minimum of the in tax XX% to XX% tax mix our of rate geographic the shift due expect in We sunset and tax. of an in in to be biodiesel
our on. been weighted full outstanding in the contributions approximately million to Lastly, thank we These diluted driving approximately the a shares year. critical focus I meeting want their efforts X% be XXX To shares have moment close and to conclude, XXXX. organizational ratio adaptability head to expect progress average ADM our challenges leverage take for through and colleagues of and be to for
and lower control. capital navigate our will A making the performance we XXXX, driving functional commitment operational strides within on our for focus to excellence, weakness while what material control unlocking long-term improve remain success. our drive internal sustaining to additional and full remediating position the to As value company costs, strengthen is execution and to
navigate in These on confidence commitments. efforts and in position our to current the dynamic reinforce our environment us our delivering ability
to officially [ Juan I X. Chief I on last turn to leadership Nichols President working us will from Cargill effect we new joined Before and to She look that back with ] excited where to important briefly Senior a Accounting transition as team, wanted Officer. it and is am Leader. Officer Vice announced as mention she week I our President, Accounting this and addition us make I joining Cheri take and Process forward Vice March served leadership Global her. Chief to our
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