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Jun 30, 2023
Andersons Q2 2023 Earnings Report
Reported net income of $55 million, driven by strong performance in Renewables and Nutrient & Industrial segments.
Key Takeaways
The Andersons reported a solid second quarter with net income of $55 million, driven by strong ethanol margins in the Renewables business and increased volume in the Nutrient & Industrial business. The company also benefited from strong merchandising results in its Trade segment, although performance didn't match the outsized gains from the previous year.
Net income attributable to The Andersons was $55 million, or $1.61 per diluted share.
Adjusted net income was $52 million, or $1.52 per diluted share.
Renewables reported pretax income of $67 million, driven by strong crush margins.
Nutrient & Industrial reported pretax income of $43 million due to increased volume from a delayed planting season.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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