Andersons Q3 adj EPS $0.13, net income $10M; reaffirms FY adj EBITDA $350-375M

Andersons, Inc.

2023-Q3 EPS reported $1.46 revenue$11,537,112,000

Net income $10M ($0.28 EPS); adjusted net income $5M ($0.13 adj EPS) vs $17.4M ($0.50) YoY.
Adjusted EBITDA $70M for Q3; full-year guidance reaffirmed at $350-375M.
Renewables segment posted record Q3 pretax income of $47M ($26M attributable) on strong ethanol operations.
Trade segment solid operations offset by international currency loss; Nutrient & Industrial loss improved YoY.
Acquired pet food ingredient supplier ACJ International in Q3; pursuing renewables growth opportunities.

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 0.9

Andersons, Inc. reported third quarter ended September 30, 2023 results: net income $10 million, or $0.28 per diluted share, EPS $0.28 per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Net income: $10 million, or $0.28 per diluted share
EPS: $0.28 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the third quarter ended September 30, 2023. Third Quarter Highlights: • Company reported net income attributable to The Andersons of $10 million, or $0.28 per diluted share and adjusted net income of $5 million, or $0.13 per diluted share

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Andersons, Inc. filing history →

Source: SEC EDGAR

accession 0000821026-23-000216

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