Andersons Q1 net income $6M, EPS $0.16; Renewables doubles pretax income to $23M

Andersons, Inc.

2024-Q1 EPS reported $0.16 revenue$2,718,217,000

Net income of $6M ($0.16 diluted EPS); adjusted EPS also $0.16.
EBITDA $51M; Trade adjusted pretax income $9M vs $24M a year ago.
Renewables pretax income $23M doubled from Q1 2023 on strong ethanol plant ops.
Nutrient & Industrial improved by $8.5M; closed bolt-on acquisition of Reed and Perrine.
No guidance changes; growth projects underway for renewable diesel and carbon intensity.

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 the first quarter ended March 31, 2024 results: net income net income attributable to The Andersons of $6 million, EPS $0.16 per diluted share.

Period: the first quarter ended March 31, 2024
Net income: net income attributable to The Andersons of $6 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2024. First Quarter Highlights: • Company reported net income attributable to The Andersons of $6 million, or $0.16 per diluted share;

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Source: SEC EDGAR

accession 0000821026-24-000135

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