Andersons (ANDE) FY2024 results: revenue $11.3 billion, down 23.7% on the year
Andersons, Inc. (ANDE) reported revenue of $11.3 billion for fiscal 2024, the year ended 31 December 2024, down 23.7% on the year before. Net income was $114 million, up 12.7%, and diluted earnings per share $3.32. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$11.3 billion
-23.7% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$114 million
+12.7% on the year
FY2017FY2024
Diluted EPS
$3.32
+12.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
332
947
287
-65.0%
Capital expenditure
149
150
108
-0.8%
Free cash flow
182
796
179
-77.1%
Free cash flow margin
1.6%
5.4%
1.0%
Cash from investing
-163
-154
-52.9
Cash from financing
-250
-264
-335
Depreciation and amortisation
128
125
135
+2.2%
Share-based compensation
13.6
12.9
11.2
+6.0%
Buybacks
2.3
1.7
12.7
+31.4%
Dividends paid
26.3
25.4
24.6
+3.5%
Dividend per share
$0.77
$0.74
$0.72
+2.7%
Diluted shares, weighted
34m
34m
34m
-0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,366
1,283
1,199
+6.5%
Non-controlling interest
234
233
231
+0.1%
Debt
811
634
875
+28.0%
Operating lease liabilities
65.3
31.7
37.1
+106.3%
Finance lease liabilities
9.6
7.9
8.4
+22.0%
Other liabilities
1,636
1,665
2,257
-1.8%
Total liabilities and equity
4,121
3,855
4,608
+6.9%
Fixed assets
868
693
763
+25.2%
Goodwill
128
128
129
0.0%
Intangible assets
69.3
85.6
101
-19.0%
Cash and equivalents
562
644
115
-12.7%
Inventory
1,287
1,167
1,732
+10.3%
Other assets
1,207
1,138
1,768
+6.1%
Total assets
4,121
3,855
4,608
+6.9%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.