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Dec 31, 2024
Andersons Q4 2024 Earnings Report
Andersons reports mixed financial results for the fourth quarter of 2024, with increased net income and adjusted EBITDA, but a decrease in total revenue compared to the prior year.
Key Takeaways
The Andersons, Inc. reported a net income attributable to the company of $45 million for the fourth quarter of 2024, an increase from the previous year. Adjusted EBITDA for the quarter was $116.5 million. However, total sales and merchandising revenues decreased to $3.123 billion from $3.213 billion in the prior year's fourth quarter.
Full year net income attributable to The Andersons was $114 million, or $3.32 per diluted share, and $117 million, or $3.40 per diluted share, on an adjusted basis.
Fourth quarter net income attributable to The Andersons was $45 million, or $1.31 per diluted share, and $47 million, or $1.36 per diluted share, on an adjusted basis.
Adjusted EBITDA for the year was $363 million, and $117 million for the fourth quarter.
Trade segment reported record fourth quarter pretax income of $54 million on solid operations, while Renewables reported pretax income of $25 million.
Revenue by Segment
Forward Guidance
The company anticipates continued regulatory and geopolitical uncertainties, coupled with potentially challenging agricultural economics, but also sees signs of opportunity with expected increases in planted corn acres and strong ethanol exports.
Positive Outlook
- Expected significant increase in planted corn acres.
- Continuing strong ethanol exports.
- Mix of North American agribusiness and ethanol production assets positions the company well to withstand downward pressures.
- Progress on several longer-term capital investments to enhance future results.
- Active pursuit of growth in the Renewables space by lowering carbon intensity and evaluating expansion/acquisition opportunities.
Challenges Ahead
- Continued regulatory uncertainty.
- Continued geopolitical uncertainties.
- Potentially challenging agricultural economics.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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