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Jun 30, 2024
Andersons Q2 2024 Earnings Report
Reported net income attributable to The Andersons of $36 million and adjusted net income of $39 million.
Key Takeaways
The Andersons reported second quarter results with net income attributable to The Andersons of $36 million, or $1.05 per diluted share, and adjusted net income of $39 million, or $1.15 per diluted share. Renewables had a strong quarter, while Trade results slightly improved. Nutrient & Industrial had solid results but were behind last year's performance.
Net income attributable to The Andersons was $36 million, or $1.05 per diluted share, and adjusted net income was $39 million, or $1.15 per diluted share.
Adjusted EBITDA was $98 million for the quarter.
Renewables reported pretax income of $39 million and adjusted pretax income attributable to The Andersons of $23 million on strong operating performance and ethanol margins.
Trade generated increased pretax income of $5 million and adjusted pretax income of $9 million.
Revenue by Segment
Forward Guidance
The company anticipates a full-year adjusted effective tax rate of approximately 14% - 18%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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