Andersons reports Q3 net income $13.9M ($0.41 diluted EPS) vs loss a year ago; best Q3 since 2014

Andersons, Inc.

2021-Q3 EPS reported $2.21 revenue$8,829,348,000

Net income from continuing ops $13.9M ($0.41 diluted EPS) vs loss of $1.5M in Q3 2020; adjusted net income $5.2M ($0.15 diluted EPS).
Adjusted EBITDA from continuing ops $56.3M, up 20% YoY; trailing twelve-month adjusted EBITDA $294.0M.
Trade Group reported record pretax income $42.0M (adjusted $27.6M) on continued merchandising opportunities and strong elevation margins.
Completed sale of Rail leasing assets in August; acquired Capstone Commodities on Oct 1 to expand supply chain to southwestern U.S. dairy customers.
Ethanol segment had adjusted pretax loss of $3.6M; management expects strong Q4 margins with low U.S. stocks and co-product demand.

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