earnings
confidence high
sentiment negative
materiality 0.70
The Andersons Q1 net income $6.1M ($0.18 EPS); Plant Nutrient sets record
Andersons, Inc.
2022-Q1 EPS reported
$0.16
revenue$3,977,954,000
- Net income from continuing ops $6.1M ($0.18 diluted EPS), down from $11.6M YoY; adjusted EPS $0.18 vs $0.36.
- EBITDA $55.8M; Plant Nutrient record Q1 pretax income $10.7M.
- Renewables pretax income $5.5M, including $8.3M mark-to-market loss expected to reverse in Q2.
- Trade pretax income $3.7M, down from $14.3M; built grain ownership at low basis values.
- Credit agreement amended and extended to 2027, expanding borrowing capacity.