The Andersons, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 05:01 pm EDT
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The Andersons, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 4,450.62 million compared to USD 3,235.81 million a year ago. Net income was USD 79.81 million compared to USD 43.5 million a year ago. Basic earnings per share from continuing operations was USD 2.38 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 2.34 compared to USD 1.23 a year ago. Basic earnings per share was USD 2.36 compared to USD 1.31 a year ago. Diluted earnings per share was USD 2.32 compared to USD 1.3 a year ago.
For the six months, sales was USD 8,428.57 million compared to USD 5,830.52 million a year ago. Net income was USD 85.31 million compared to USD 58.61 million a year ago. Basic earnings per share from continuing operations was USD 2.56 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 2.52 compared to USD 1.58 a year ago. Basic earnings per share was USD 2.52 compared to USD 1.77 a year ago. Diluted earnings per share was USD 2.48 compared to USD 1.75 a year ago.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.
THE ANDERSONS, INC. 
