Archer Daniels Midland
Q1 2022 Earnings Call
Apr 26, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the ADM first quarter 2022 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded. I would now like to introduce your host for today's call, Michael Cross, director of investor relations. You may begin.
Michael Cross -- Director of Investor Relations
Thank you, Emily. Good morning, and welcome to ADM's first quarter earnings webcast. Starting tomorrow, a replay of today's webcast will be available at adm.com. Please turn to Slide 2, the company's safe harbor statement, which says that some of our comments and materials constitute forward-looking statements that reflect management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results.
These statements and materials are based on many assumptions and factors that are subject to risk and uncertainty. ADM has provided additional information in its reports on file with the SEC concerning assumptions and factors that could cause actual results to differ materially from those in this presentation. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements as a result of new information or future events. On today's webcast, our chairman and chief executive officer, Juan Luciano, will provide an overview of the quarter and highlight some of our accomplishments.
Our chief financial officer, Vikram Luthar, will review the drivers of our performance, as well as corporate results and financial highlights. Then Juan will make some final comments, and our vice chairman, Ray Young, will join us for questions. Please turn to Slide 3. I will now turn the call over to Juan.
Juan Luciano -- Chairman and Chief Executive Officer
Thank you, Michael. This morning, we reported first quarter adjusted earnings per share of $1.90. Adjusted segment operating profit was $1.6 billion. Our trailing fourth quarter adjusted EBITDA was about $5.3 billion, and our trailing fourth quarter average adjusted ROIC was 10.6%.
What we saw in the first quarter was an extension and amplification of the factors that supported our growth in 2021. First was our team's great execution. Exceptional growth in Nutrition and effective risk management exemplified how we continued to serve our customers and provide nutrition around the globe amid volatile market conditions and an inflationary environment. Second was an environment of tight supply and demand.