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Sep 30, 2021
Andersons Q3 2021 Earnings Report
Reported best Q3 since 2014 driven by record trade results.
Key Takeaways
The Andersons reported a strong third quarter, driven by record earnings in its Trade Group and overall improved execution. The company strategically sold its Rail leasing assets to reduce debt and is focusing on growth opportunities in its core agriculture businesses.
Net income attributable to The Andersons from continuing operations was $13.9 million, or $0.41 per diluted share.
Adjusted EBITDA from continuing operations increased by 20% year-over-year to $56.3 million.
Trade reported record earnings with pretax income of $42.0 million.
Completed the strategic sale of Rail leasing assets and used proceeds to reduce debt.
Forward Guidance
The company anticipates strong fourth quarter margins in Ethanol. Fertilizer prices and farm income both remain high.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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