Grain and ethanol businesses each posted significantly better year-over-year results
The Andersons has shared its second quarter results.
该公司的净收入为2150万美元,即每股稀释股的0.76美元,均高于2670万美元的净亏损,或(每股稀释后0.94美元),调整后的净收入为1,530万美元,或每项稀释的股票0.54美元,报道为0.54美元。上一年。2018年第二季度报告的结果包括非现金税前损伤费用总计630万美元。这些费用的每股收益影响约为每股稀释股的0.17美元。
"As in the first quarter, our Grain and Ethanol businesses each posted significantly better year-over-year results, but our Plant Nutrient and Rail businesses posted lower results compared to last year," says CEO Pat Bowe. "For the seventh consecutive quarter, our Grain Group recorded improved year-over-year results."
细分性能
The Grain Group:Revenues declined 25% year over year to $366 million from $488 million generated in the year-ago quarter. The segment reported an operating income of $9.9 million compared with $6.9 million recorded in the comparable quarter last year.
The Ethanol Group:Revenues jumped 7% year over year to $201 million. The segment reported an operating profit of $6.1 million, a 31% year-over-year increase from $4.7 million recorded in the year-ago quarter.
The Plant Nutrient Group:The segment reported revenues of $303 million, up around 14.5% year over year. It reported an operating profit of $15.1 million compared to a loss of $25.8 million in second-quarter 2017.
The Rail Group:这一细分市场的收入同比增长8.6%,达到4,140万美元。营业收入从上一季度记录的590万美元显着下降至90万美元。
Andersons reported cash and cash equivalents of $58.6 million at the end of the second quarter, up from $18.9 million reported at the end of the prior-year quarter. The company's long-term debt was $436 million as of Jun 30, 2018, compared with $354 million as of Jun 30, 2017.
鲍尔说:“在连续第七季度,我们的谷物小组的同比成绩提高了。”“在排除田纳西州资产损伤指控时,该集团的第二季度业绩提高了约450万美元,并受到商品和兰辛贸易集团的更好结果的强调。乙醇集团的结果逐年再次改善,这是由于与工厂优化和工厂优化和工厂优化和较高的销量相关联。改善了DDG边缘。
"The Plant Nutrient Group's lawn and contract manufacturing business continued to grow, but that was not enough to offset the continued squeeze in margins for both primary and specialty nutrients, which suffered from continued competitive pricing pressure," he continues. "The Rail Group's results were comparable year over year notwithstanding its decision to scrap about 600 idle cars. Utilization and total cars on lease improved sequentially and year over year, signaling a continued modest market upturn."
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