Andersons posts Q1 net loss of $15M; Trade segment achieves record pretax income of $39M

Andersons, Inc.

2023-Q1 EPS reported -$0.44 revenue$3,881,238,000

Net loss of $15M ($0.44 diluted EPS); adjusted net income of $7M ($0.20 adjusted EPS).
Adjusted EBITDA of $55M; Trade segment delivered record first-quarter pretax income of $39M.
Renewables had $83M pretax loss on non-cash impairment; adjusted pretax income of $6M.
Nutrient & Industrial (formerly Plant Nutrient) posted pretax loss of $10M on slow planting season.
CEO cited lower ethanol crush margins and deferred fertilizer purchases; April field work picking up.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Andersons, Inc. reported first quarter ended March 31, 2023 results: net income $7 million, EPS $0.20.

Period: first quarter ended March 31, 2023
Net income: $7 million
EPS: $0.20
Result: reported results

Exact text from the filing

Company reported a net loss attributable to The Andersons of $15 million, or $0.44 per diluted share and adjusted net income of $7 million, or $0.20 per diluted share

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

Andersons, Inc. filing history →

Source: SEC EDGAR

accession 0000821026-23-000114

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