The Andersons Posts Strong Earnings Beat as Renewables and Agribusiness Drive Record Profit

Core Insights - The Andersons, Inc. reported fourth-quarter adjusted earnings of $2.04 per share, exceeding analyst expectations of $1.56, while revenue was below forecasts at $2.54 billion compared to the expected $3.28 billion [1] Financial Performance - Adjusted net income reached a record $70 million for the quarter, driven by strong contributions from the Renewables and Agribusiness segments [2] - Adjusted EBITDA increased to $136.5 million from $116.5 million in the prior-year quarter, despite a revenue decline from $3.12 billion to $2.54 billion [3] Segment Contributions - The Renewables segment generated pretax income of $54 million, benefiting from improved ethanol board crush margins of $0.15 per gallon year over year and $15 million in 45Z tax credits [4] - Agribusiness contributed $46 million in pretax income, supported by favorable basis appreciation in corn and sorghum during a record corn harvest season [4] Full-Year Performance - For the full year 2025, adjusted earnings were reported at $3.23 per share with adjusted EBITDA of $337.3 million, compared to $3.40 per share and $363.4 million in 2024 [4]