Andersons scales 9% after Q2 top and bottom line beat

Aug. 03, 2022 9:21 AM ETThe Andersons, Inc. (ANDE)By: Manshi Mamtora, CFA
  • Andersons (NASDAQ:ANDE) shows Q2 revenue surge of 37.3% to $4.45B, beating consensus by $790M.
  • Adjusted EBITDA was $46.6M, vs. adjusted EBITDA of $32.7M prior.
  • The renewables segment reported pretax income attributable to the company of $45.9M vs. $23.5M prior.
  • The Plant Nutrient segment posted pretax income of $38.3M vs. $24M prior.
  • Generated $134.6M and $93.1M in cash from operations.
  • Our businesses continue to generate strong operating cash flows and we remain disciplined in our approach to capital spending decisions. We are well below our goal of long-term debt to EBITDA of less than 2.5 times, ending the quarter at 1.5 times, and are well-positioned to fund strategic growth projects with appropriate returns." said Executive VP and CFO Brian Valentine.
  • Non-GAAP EPS of $2.39 beats consensus by $1.36.
  • Contributor comments: 'The Andersons is a major ethanol producer on top of exposure in other areas, providing investors with a buying opportunity after recent weakness.'
  • Sell-side rating of Strong Buy for the stock with a 4.50 score an average price target of $51.25.
  • Quant rating of Buy with 3.69 score with lowest factor grades given to profitability.
  • Stock jumps 9% during pre-market
  • Previously (Aug. 2): Andersons Non-GAAP EPS of $2.39 beats by $1.36, revenue of $4.45B beats by $790M

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.