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Sep 30, 2020
Andersons Q3 2020 Earnings Report
The Andersons reported a net loss for the third quarter of 2020, but saw improvements in Trade, Ethanol, and Plant Nutrient segments.
Key Takeaways
The Andersons, Inc. reported a net loss attributable to the company of $1.1 million, or $0.03 per diluted share, and an adjusted net loss of $2.4 million, or $0.07 per diluted share for the third quarter ended September 30, 2020. Adjusted EBITDA attributable to the company was $46.2 million, up 21 percent year over year. Trade, Ethanol and Plant Nutrient all recorded improved results year over year.
The company reported a net loss attributable to The Andersons of $1.1 million, or $0.03 per diluted share.
Adjusted EBITDA attributable to the company was $46.2 million, up 21 percent year over year.
Trade reported pretax income of $5.9 million and adjusted pretax income of $6.9 million on improved merchandising results.
Ethanol reported pretax income attributable to the company of $1.1 million as margins improved.
Forward Guidance
The company anticipates that the business restructuring announced in August will result in further annual general and administrative cost reductions of approximately $10 million beginning in early 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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