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Sep 30, 2024
Andersons Q3 2024 Earnings Report
The Andersons reported strong results driven by Renewables and Trade segments.
Key Takeaways
The Andersons, Inc. reported a net income attributable to the company of $27 million, or $0.80 per diluted share, and adjusted net income of $25 million, or $0.72 per diluted share. Adjusted EBITDA was $97 million, a record for the third quarter. Renewables reported a best-ever third quarter pretax income of $53 million, while Trade generated increased year-over-year pretax income of $26 million.
Net income attributable to The Andersons was $27 million, or $0.80 per diluted share.
Adjusted net income was $25 million, or $0.72 per diluted share.
Adjusted EBITDA reached a record $97 million for the third quarter.
Renewables segment achieved its best-ever third quarter pretax income of $53 million.
Revenue by Segment
Forward Guidance
The company anticipates increased spending on growth projects in the fourth quarter and into 2025, in addition to the Skyland investment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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