Andersons Full Year 2024 Earnings: Beats Expectations

Andersons (NASDAQ:ANDE) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.3b (down 24% from FY 2023).
• Net income: US$114.0m (up 13% from FY 2023).
• Profit margin: 1.0% (up from 0.7% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$3.35 (up from US$3.00 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Andersons Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Trade segment contributing a total revenue of US$7.62b (68% of total revenue). Notably, cost of sales worth US$10.6b amounted to 94% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$503.6m (87% of total expenses). Explore how ANDE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 18% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Andersons' balance sheet and an in-depth analysis of the company's financial position.

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