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

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