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Jun 30, 2020
Andersons Q2 2020 Earnings Report
Reported net income attributable to The Andersons of $30.4 million, or $0.92 per diluted share.
Key Takeaways
The Andersons, Inc. reported a profitable second quarter with net income of $30.4 million, driven by strong performance in the Plant Nutrient Group and improved ethanol margins. All four business groups were profitable during the quarter.
Net income attributable to The Andersons was $30.4 million, or $0.92 per diluted share.
Adjusted EBITDA attributable to the company was $70.7 million for the quarter.
Plant Nutrient Group recorded pretax income of $19.4 million due to a strong planting season.
The company announced a reorganization of its business groups and several leadership changes.
Forward Guidance
The company expects a large corn harvest, which should improve profitability during the latter part of the year and into 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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