Management flagged a debottlenecking project at its Clymers, Indiana ethanol facility; it expects Port of Houston soybean meal exports to start in Q4.
Segment performance and credits
Renewables delivered record Q2 pretax income of USD 65 million; adjusted pretax income was USD 88 million, including USD 24 million of 45Z tax credits.
Agribusiness pretax income attributable to shareholders climbed to USD 20 million on solid fertilizer performance.
Q2 results and adjusted earnings
The Andersons posted Q2 net income attributable to shareholders of USD 57 million, or USD 1.65 a share; adjusted net income was USD 74 million, or USD 2.15.
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