Record Fourth Quarter Results in Trade Group
Trade group achieved record fourth quarter pre-tax income, driven by strong harvest execution in eastern grain assets and stable elevation margins, contributing to solid yearly results.
Ethanol Production Records in Renewables Segment
Renewables segment set production records for ethanol, driven by improved yields and lower controllable costs, despite lower board crush margins.
Positive Contribution from Skyland Grain Investment
Mid-fourth quarter investment in Skyland Grain positively impacted the trade's bottom line and is on track to achieve $30-40 million in EBITDA contribution in 2025.
Strong Balance Sheet and Cash Position
The company ended the year with a strong cash position of $562 million and a long-term debt to EBITDA ratio of 1.8 times.