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The Andersons Q4 net income $6.6 million

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Christian Fernsby ▼ | February 13, 2020
The Andersons announced financial results for the fourth quarter ended December 31, 2019.
The Andersons
The Andersons   Company reports net income of $6.6 million
Company reports net income of $6.6 million and adjusted net income of $18.4 million. Adjusted EBITDA rose 21 percent year over year to $76.1 million.

Topics: Andersons

Trade Group reports a pretax loss of $19.0 million, but adjusted pretax income of $18.5 million, as solid merchandising income was offset by the impacts of an extended, wet harvest in the Eastern Corn Belt.

Ethanol Group records pretax income of $41.2 million and adjusted pretax income attributable to the company of $7.2 million, on continued solid merchandising income and appreciation on hedged positions.

Plant Nutrient Group records pretax income of $4.6 million and adjusted pretax income of $3.9 million on lower operating and interest expenses.

Rail Group earns $4.5 million of pretax income on increased income from car sales.


 

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