The Andersons(US:ANDE)2024-08-07 22:30Financial Performance - Sales and merchandising revenues decreased from $4020 million to $2795 million[10] - Gross profit decreased from $222 million to $175 million[10] - Pretax income decreased from $104 million to $57 million[10] - Adjusted EBITDA decreased from $144 million to $98 million[10] Segment Highlights - Trade: Revenues decreased from $2697 million to $1758 million, and adjusted EBITDA decreased from $27 million to $24 million[17] - Renewables: Revenues decreased from $878 million to $686 million, and adjusted EBITDA decreased from $74 million to $52 million[21] - Nutrient & Industrial: Revenues decreased from $446 million to $351 million[23] Liquidity - The company had $530 million cash on hand as of June 30, 2024[12] - The company maintains a long-term debt-to-EBITDA ratio below 2.5x, currently at 1.6x[14]