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Dec 31, 2021
Andersons Q4 2021 Earnings Report
The Andersons reported record fourth quarter earnings driven by strong performance across all business segments.
Key Takeaways
The Andersons, Inc. reported a strong fourth quarter with record earnings. Net income attributable to The Andersons was $32.8 million, or $0.95 per diluted share. Adjusted net income was $39.2 million, or $1.14 per diluted share. The company's performance was driven by strong results in its Trade, Renewables, and Plant Nutrient segments.
Reported net income attributable to The Andersons from continuing operations of $32.8 million, or $0.95 per diluted share.
Adjusted net income from continuing operations of $39.2 million, or $1.14 per diluted share.
Trade reported pretax income of $18.3 million and adjusted pretax income of $26.9 million.
Renewables reported pretax income attributable to the company of $26.5 million.
Revenue by Segment
Forward Guidance
The company expects continued strong performance as they move into 2022.
Positive Outlook
- Ag supply chain opportunities are expected to remain strong into 2022.
- Continued demand and uncertainty about growing conditions in global grain production regions has resulted in continued high commodity prices post-harvest and can make U.S. grain production increasingly important.
- Corn oil demand is expected to remain high and merchandising of third-party renewable feedstocks should remain strong.
- Fertilizers will benefit from continuing limited supply and elevated fertilizer prices.
- The company has a robust pipeline of growth projects that they are evaluating which are aligned with their strategy.
Challenges Ahead
- Spot ethanol crush margins have declined and are expected to be closer to historical averages and seasonally move with driving demand.
- Manufactured products were negatively impacted by raw material and plant labor availability as well as wage inflation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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