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Jun 30, 2022
Andersons Q2 2022 Earnings Report
Reported all-time record quarterly results driven by strong performance in Renewables and Plant Nutrient segments.
Key Takeaways
The Andersons, Inc. reported a net income from continuing operations of $80.5 million, or $2.34 per diluted share, and an adjusted net income of $82.2 million, or $2.39 per diluted share. The company's adjusted EBITDA from continuing operations was $169.3 million for the quarter. Record pretax income was achieved in Renewables, while Plant Nutrient had its second-best quarter ever.
Net income from continuing operations attributable to The Andersons was $80.5 million, or $2.34 per diluted share.
Adjusted net income was $82.2 million or $2.39 per diluted share.
Adjusted EBITDA from continuing operations reached $169.3 million.
Renewables produced record pretax income of $45.9 million.
Revenue by Segment
Forward Guidance
The company anticipates a full-year effective tax rate of approximately 18%-21%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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