The Andersons, Inc. (NASDAQ:ANDE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Andersons, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0.64% to $1.57 in the quarter versus EPS of $1.56 in the year-earlier quarter.
Revenue: Rose 19.09% to $1.57 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Andersons, Inc. reported adjusted EPS income of $1.57 per share. By that measure, the company beat the mean analyst estimate of $1.54. It beat the average revenue estimate of $1.43 billion.
Quoting Management: “We had record quarterly results in both our Rail and Ethanol groups, and strong results in our Plant Nutrient Group. The Rail Group continues to manage its railcar portfolio in a skillful manner. It is satisfying to see significantly improved margins in the ethanol business; however, we are very aware the ethanol market will continue to be volatile,” CEO Mike Anderson stated. “The 2012 drought continues to have a strong impact on our Grain Group, as was expected, and the largest impact may be seen in the third quarter. A projected record corn crop, however, should positively impact the group the last three or four months of 2013,” added Mr. Anderson.
Key Stats (on next page)…