The Andersons Q4 net income $6.6 millionChristian Fernsby ▼ | February 13, 2020
The Andersons announced financial results for the fourth quarter ended December 31, 2019.
The Andersons Company reports net income of $6.6 million
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. ■