---
schema_version: "secwatch.filing_event.v1"
accession: "0000821026-21-000184"
form_type: "8-K"
ticker: "ANDE"
cik: "0000821026"
company_name: "Andersons, Inc."
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:26:53.470103+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000821026-21-000184
- form_type: 8-K
- ticker: ANDE
- cik: 0000821026
- company_name: Andersons, Inc.
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821026/000082102621000184/0000821026-21-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821026/000082102621000184/ande-20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821026-21-000184
- JSON: https://secwatch.observer/filing/0000821026-21-000184.json
- Plain text: https://secwatch.observer/filing/0000821026-21-000184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.