NASDAQ$ANDE
Andersons Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported best Q2 since 2014 and highest ever quarterly EBITDA.
The Andersons, Inc. reported a strong second quarter with net income attributable to the company of $43.5 million, or $1.30 per diluted share. Adjusted EBITDA was $118.1 million, up $48.1 million year over year, representing the highest ever quarterly EBITDA. Each of the four businesses delivered outstanding, year-over-year improvement.
- Net income attributable to The Andersons was $43.5 million, or $1.30 per diluted share.
- Adjusted EBITDA was $118.1 million, up $48.1 million year over year.
- Trade reported pretax income of $13.8 million and adjusted pretax income of $14.1 million.
- Ethanol reported pretax income attributable to The Andersons of $23.5 million.
Headline financials
Revenue & EPS history
Andersons · Revenue · Quarterly
$3.27B
Revenue by segment
Andersons · $868M total across 1 segment · Q3 2023
- Renewables$868M+6.5%100.0%
Forward guidance
The company expects that North American demand will remain strong and currently anticipate large harvests in our key draw areas this fall which should drive strong performance into 2022.
Tailwinds
- North American demand will remain strong.
- Large harvests are anticipated in key draw areas this fall.
- Strong performance is expected into 2022.
- Continued merchandising opportunities due to scarcity of supply entering this fall harvest.
- Crop conditions in the majority of draw area are excellent and company is preparing for a large harvest.
Headwinds
- Ethanol margins have been volatile.
- Short-term borrowings reflect the impact of higher commodity prices on working capital lines.
- Operating and interest expense for the Trade segment were up $9 million primarily due to higher incentive compensation and commodity prices.
- Volume of grain in storage is expected to remain at levels below recent years.
- Current Q3 ethanol board crush margins are positive; company will opportunistically hedge forward ethanol production when profitable in the future months as driving demand seasonally declines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-1.6%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+0.6%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+17.3%
Q4 2024
Best reaction
-25.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.2% | -9.7% | -8.2% | |
| Q4 2025 | -3.6% | -3.8% | -0.9% | |
| Q3 2025 | +4.6% | +9.9% | +7.8% | |
| Q1 2025 | -10.1% | +2.8% | -0.8% | |
| Q4 2024 | +17.3% | +10.1% | +3.8% | |
| Q3 2024 | -4.0% | +8.3% | +3.9% | |
| Q2 2024 | -0.3% | -0.6% | +3.7% | |
| Q1 2024 | -9.0% | -5.5% | -10.6% | |
| Q4 2023 | +3.7% | -2.7% | +4.0% | |
| Q3 2023 | -13.5% | -7.8% | -2.5% | |
| Q2 2023 | +2.2% | +8.6% | +5.2% | |
| Q1 2023 | -10.9% | -16.2% | -12.0% | |
| Q4 2022 | +13.7% | +17.9% | +3.5% | |
| Q3 2022 | +3.6% | +6.0% | +5.1% | |
| Q2 2022 | +14.1% | +5.4% | +3.3% | |
| Q1 2022 | -25.7% | -24.7% | -25.0% | |
| Q4 2021 | +2.8% | +0.9% | +16.2% | |
| Q3 2021 | +0.8% | +7.3% | -2.1% | |
| Q2 2021 | +1.1% | +5.3% | +14.7% | |
| Q1 2021 | -1.9% | +2.5% | +9.2% | |
| Q4 2020 | +2.2% | -4.6% | +6.4% | |
| Q3 2020 | -16.7% | -18.8% | +3.3% | |
| Q2 2020 | +11.7% | +17.2% | +23.2% | |
| Q1 2020 | -15.7% | -6.9% | -9.3% | |
| Q4 2019 | -11.8% | -14.4% | -29.6% | |
| Q3 2019 | +10.6% | +9.2% | +24.3% | |
| Q2 2019 | +3.1% | +3.6% | -9.3% | |
| Q1 2019 | -10.6% | -9.5% | -16.0% | |
| Q4 2018 | +8.1% | +4.6% | -0.5% | |
| Q3 2018 | -11.1% | -10.0% | -13.2% | |
| Q2 2018 | +14.6% | +13.9% | +14.6% | |
| Q1 2018 | -5.3% | -5.4% | +0.9% | |
| Q4 2017 | +15.0% | +15.0% | +13.3% | |
| Q3 2017 | -6.7% | -16.9% | -14.1% | |
| Q2 2017 | -0.7% | -4.8% | -7.0% | |
| Q1 2017 | -9.0% | -10.4% | -1.6% | |
| Q4 2016 | +5.8% | +6.1% | +4.0% | |
| Q3 2016 | -4.1% | -8.0% | +8.1% | |
| Q2 2016 | +1.1% | +4.4% | +6.7% | |
| Q1 2016 | -11.3% | — | — | |
| Q4 2015 | -14.3% | — | — | |
| Q3 2015 | -8.5% | — | — | |
| Q2 2015 | +7.5% | — | — | |
| Q1 2015 | -2.8% | — | — | |
| Q4 2014 | -10.3% | — | — | |
| Q3 2014 | -18.3% | — | — | |
| Q2 2014 | +6.9% | — | — | |
| Q1 2014 | -15.1% | — | — | |
| Q4 2013 | -7.9% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | +3.7% | — | — | |
| Q1 2013 | -3.5% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | +4.6% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2012 | -2.8% | — | — | |
| Q4 2011 | -5.5% | — | — | |
| Q3 2011 | +7.6% | — | — | |
| Q2 2011 | +4.3% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q1 2010 | -1.4% | — | — | |
| Q4 2008 | -1.4% | — | — | |
| Q3 2010 | -1.8% | — | — | |
| Q3 2009 | -1.8% | — | — | |
| Q2 2009 | +2.9% | — | — | |
| Q2 2010 | +2.9% | — | — | |
| Q4 2009 | +2.9% | — | — |
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