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The Andersons (ANDE)
NASDAQ:ANDE
Holding ANDE?
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Earnings Data
Report Date
Feb 18, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.95Last Year’s EPS
$1.49Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -11.17%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic investments, such as a record third quarter for the Renewables group and acquisitions supporting growth. Despite challenges like declining revenue due to commodity prices and a delayed EBITDA target, the overall outlook remains positive with continued optimism in the renewables segment.Company Guidance
During The Andersons' Q3 2024 earnings call, the company provided optimistic guidance for the future, highlighting several key metrics and strategic initiatives. For the third quarter, The Andersons reported a net income of $27 million, or $0.80 per diluted share, with adjusted net income at $25 million, or $0.72 per diluted share, significantly improved from the previous year. The adjusted EBITDA reached a record $97 million, compared to $70 million in the same period of 2023. The company anticipates further growth driven by investments such as the $85 million acquisition of Skyland Grain LLC, which is expected to contribute an average of $30 million to $40 million in EBITDA annually, and a $70 million investment in the Port of Houston facility, projected to generate $15 million to $20 million in EBITDA per year by 2026. The Andersons also adjusted their EBITDA target to $475 million by the end of 2026, reflecting a one-year delay due to industry conditions. With a balance sheet supporting growth, the company remains focused on strategic acquisitions and operational enhancements to capitalize on market opportunities.Record Third Quarter for Renewables
The Renewables group had a record third quarter with increased production volumes and higher ethanol margins. Ethanol margins were higher due to lower corn basis values.
Improved Financial Performance
Net income attributable to The Andersons was $27 million or $0.80 per diluted share, compared to $10 million or $0.28 per diluted share in Q3 2023. Adjusted EBITDA for Q3 2024 was a record $97 million compared to $70 million in 2023.
Strategic Investments and Acquisitions
Announced a $70 million investment in the Port of Houston and acquired an ownership interest in Skyland Grain LLC for $85 million, expected to contribute $30 to $40 million in EBITDA per year.
Strong Cash Flow and Financial Position
Generated $86 million in cash flows from operations before changes in working capital, with a cash position of over $450 million and negligible short-term borrowings.
Positive Outlook for Renewables
Optimistic about continued favorable ethanol margins and increased export demand, along with plans to lower the carbon intensity of ethanol production.
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ANDE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ANDE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $45.82 | $43.41 | -5.26% |
| Aug 06, 2024 | $47.55 | $47.07 | -1.01% |
| May 07, 2024 | $55.71 | $51.06 | -8.35% |
| Feb 20, 2024 | $52.72 | $55.64 | +5.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The Andersons (ANDE) report earnings?
The Andersons (ANDE) is schdueled to report earning on Feb 18, 2025, After Close Not Confirmed.
What is The Andersons (ANDE) earnings time?
The Andersons (ANDE) earnings time is at Feb 18, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ANDE EPS forecast?
ANDE EPS forecast for the fiscal quarter 2024 (Q4) is $0.95.
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