World Grain - September 2020 - 17

The Andersons Plant Nutrition group buoys Q2 earnings
MAUMEE, OHIO, US - Despite a boost from the Plant
Nutrient Group, The Andersons, Inc. is continuing to navigate
new challenges due to the coronavirus pandemic (COVID-19).
The Andersons posted net income attributable to the company of $30.4 million in second quarter ended June 30, equal
to 92¢ per share on the common stock, up from $29.9 million,
or 91¢ per share, in the second quarter of 2019.
The Trade Group performance was squeezed by the light
2019 grain harvest. It recorded an adjusted pretax income of
$1.4 million, down from $25.8 million in the same period a
year ago.
³7KH7UDGH*URXSHDUQHGDVPDOOSUHWD[SUR¿WGXULQJWKH
quarter," said Patrick E. Bowe, president and chief executive
R൶FHU³7KHVWRU\ZDVODUJHO\WKHVDPHDVIRUWKH¿UVWTXDUter. While the merchandising business stayed strong, income
HDUQHGE\WKHJURXS¶VDVVHWVZDVGRZQVLJQL¿FDQWO\GXHWRWKH
small 2019 harvest in the East. In addition, farmers largely
continue to hold on to their grain and ethanol customers' demand was lower."
Despite slowed demand as COVID-19 continues to impact
ethanol, the Ethanol Group had a pretax income of $900,000
LQWKHVHFRQGTXDUWHUGRZQIURPPLOOLRQLQWKH¿UVWTXDUter of 2019.

³7KH (WKDQRO *URXS FRQWLQXHG WR EH D൵HFWHG E\ UHGXFHG
gasoline demand, but still earned positive pretax income attributable to the company, as margins recovered late in the
quarter," Bowe said.
7KH(WKDQRO*URXS¶V¿YHSODQWVRSHUDWHGDWDSSUR[LPDWHO\
50% of capacity during the quarter as planned. The group
safely completed extended maintenance shutdowns using
largely its own employees, The Andersons said.
The Andersons Plant Nutrient Group posted improved yearRYHU\HDUUHVXOWVIRUWKH¿IWKFRQVHFXWLYHTXDUWHUZLWKDSUHWD[
income of $19.4 million in the second quarter of 2020, compared to $15.4 million in the same period a year ago.
"Ag supply chain volume was up substantially, as the
JURXS EHQH¿WHG IURP D VWURQJ SODQWLQJ VHDVRQ´ VDLG %ULDQ
$9DOHQWLQHVHQLRUYLFHSUHVLGHQWDQGFKLHI¿QDQFLDOR൶FHU
"Other lines of business also grew as we expanded into new
markets, products and sales channels."
The Rail Group's second-quarter pretax income slipped to
$2.6 million compared to $3.2 million in the second quarter
of 2019.
"The Rail Group's results were slightly lower as carload
WUD൶F FRQWLQXHG WR IDOO DQG D UHFRUG QHDUO\ RQHWKLUG RI DOO
North American railcars were idle," Bowe said.

HYGIENIC FEED
KAHL EXPANDER - FOR FEED AND FOOD SAFETY
The most efficient hygienic process for all feed types: Feed hydrothermally treated by means of the expander has particularly
good flow properties from silo cells and automatic feeders, is free of pathogenic germs thanks to the thermal treatment and is
easily soluble in water. Expanded structurized feed is a good alternative to mealy pig feed, pellets or granulated pellets. KAHL
expanders are available in different versions and for all typical capacities in feed plants.

AMANDUS KAHL GmbH & Co. KG
Dieselstrasse 5-9 · 21465 Reinbek · Germany
+49 (0) 40 72 77 10 · info@akahl.de · shop.akahl.de · akahl.de

AMANDUS KAHL USA Corp.
105 Hembree Park Drive, Suite L · Roswell · GA 30076 · USA
+1 (770) 521 10 21 · sales@amanduskahlusa.com · akahl.us


http://shop.akahl.de http://www.akahl.de http://www.akahl.us

World Grain - September 2020

Table of Contents for the Digital Edition of World Grain - September 2020

World Grain - September 2020 - 1
World Grain - September 2020 - 1
World Grain - September 2020 - 2
World Grain - September 2020 - 3
World Grain - September 2020 - 4
World Grain - September 2020 - 5
World Grain - September 2020 - 6
World Grain - September 2020 - 7
World Grain - September 2020 - 8
World Grain - September 2020 - 9
World Grain - September 2020 - 10
World Grain - September 2020 - 11
World Grain - September 2020 - 12
World Grain - September 2020 - 13
World Grain - September 2020 - 14
World Grain - September 2020 - 15
World Grain - September 2020 - 16
World Grain - September 2020 - 17
World Grain - September 2020 - 18
World Grain - September 2020 - 19
World Grain - September 2020 - 20
World Grain - September 2020 - 21
World Grain - September 2020 - 22
World Grain - September 2020 - 23
World Grain - September 2020 - 24
World Grain - September 2020 - 25
World Grain - September 2020 - 26
World Grain - September 2020 - 27
World Grain - September 2020 - 28
World Grain - September 2020 - 29
World Grain - September 2020 - 30
World Grain - September 2020 - 31
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World Grain - September 2020 - 33
World Grain - September 2020 - 34
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http://digital.world-grain.com/sosland/wg/2009_07_01
http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
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