Andersons reports Q4 adjusted EPS $1.59, consensus 99c

Reports Q4 revenue $3.21B, consensus $4.26B. “Renewables had an excellent Q4 with record ethanol production and strong corn to ethanol yields at our four ethanol plants. We continued to have great operating performance and also benefited from strong board crush margins. In Trade, our eastern grain assets had good results from improving basis after a later harvest coupled with income from drying wet corn. In Nutrient & Industrial, we had a mixed quarter with year-over-year improvement from our ag supply chain product lines,” said President and CEO Pat Bowe. “With these results, we are reporting a 30% year-over-year improvement in adjusted EBITDA for the quarter, leading to a full year adjusted EBITDA of $405M, just behind last year’s record of $412M, and well above our previously disclosed range of $350M-$375M.”