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Dec 31, 2020
Green Plains Q4 2020 Earnings Report
Announced financial results for the fourth quarter of 2020, showing a net loss, but highlighted progress in its transformation plan and strategic partnerships.
Key Takeaways
Green Plains Inc. reported a net loss attributable to the company of $49.6 million, or $(1.43) per diluted share, for the fourth quarter of 2020. Adjusted net loss for the fourth quarter was $18.3 million or $(0.53) per diluted share. Revenues were $478.8 million for the fourth quarter of 2020.
Net loss attributable to the company was $49.6 million, or $(1.43) per diluted share.
Adjusted net loss for the fourth quarter was $18.3 million or $(0.53) per diluted share.
Revenues were $478.8 million for the fourth quarter of 2020.
Company had strong liquidity with $275 million of cash.
Green Plains
Green Plains
Forward Guidance
Green Plains expects to complete the Clean Sugar Technology™ (CST) production facility at the Green Plains York Innovation Center this quarter. The company is active in over 40 CST dialogues or trials with customers in a wide range of industries including synthetic biology, food production, renewable chemicals and energy, and industrial biotechnology. Green Plains anticipates modifying one or more biorefineries to the CST system to meet anticipated future customer demands.
Positive Outlook
- Completion of Clean Sugar Technology™ (CST) production facility expected this quarter.
- CST system has significantly lower carbon intensity.
- Active in over 40 CST dialogues or trials with customers.
- Exploring expansion of CST system to multiple biorefineries.
- Focus on innovative, low carbon and sustainable solutions.