--- title: "Andersons | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 3.098 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294738104.md" datetime: "2026-08-03T20:56:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294738104.md) - [en](https://longbridge.com/en/news/294738104.md) - [zh-HK](https://longbridge.com/zh-HK/news/294738104.md) generator: "portal-rs" --- # Andersons | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 3.098 B Revenue: As of FY2026 Q2, the actual value is USD 3.098 B, missing the estimate of USD 3.259 B. EPS: As of FY2026 Q2, the actual value is USD 1.65, beating the estimate of USD 1.4833. EBIT: As of FY2026 Q2, the actual value is USD 82.98 M. The Andersons, Inc. reported significant financial improvements for the second quarter and year-to-date periods ended June 30, 2026, compared to the same periods in 2025. #### Overall Financial Performance (Three Months Ended June 30) Net income attributable to The Andersons, Inc. rose to $56.6 million in Q2 2026 from $7.9 million in Q2 2025. Adjusted net income attributable to The Andersons, Inc. increased to $73.6 million in Q2 2026 from $8.4 million in Q2 2025. Adjusted EBITDA for the quarter was $140.3 million, up from $65.2 million in Q2 2025. Income before income taxes was $67.3 million, compared to $24.8 million in the prior year quarter. The company’s effective tax rate for the quarter was 20%, influenced by non-taxable 45Z income. #### Overall Financial Performance (Six Months Ended June 30) Year-to-date net income attributable to The Andersons, Inc. increased to $89.8 million in 2026 from $8.1 million in 2025. Adjusted net income attributable to The Andersons, Inc. grew to $111.7 million from $12.4 million year-over-year. Adjusted EBITDA for the six months was $231.8 million, up from $122.4 million in 2025. Income before income taxes for the six-month period was $101.2 million, compared to $28.0 million in the prior year period. #### Segment Revenue (Three Months Ended June 30) Total sales and merchandising revenues for The Andersons, Inc. were $3,097,660 thousand in Q2 2026, a decrease from $3,135,869 thousand in Q2 2025. Agribusiness segment sales and merchandising revenues were $2,113,093 thousand in Q2 2026, down from $2,414,827 thousand in Q2 2025. Renewables segment sales and merchandising revenues increased to $984,567 thousand in Q2 2026 from $721,042 thousand in Q2 2025. #### Segment Revenue (Six Months Ended June 30) Total sales and merchandising revenues for The Andersons, Inc. were $5,724,926 thousand year-to-date 2026, a decrease from $5,794,967 thousand in 2025. Agribusiness segment sales and merchandising revenues were $4,033,060 thousand in 2026, down from $4,408,114 thousand in 2025. Renewables segment sales and merchandising revenues increased to $1,691,866 thousand in 2026 from $1,386,853 thousand in 2025. #### Segment Operational Metrics (Three Months Ended June 30) **Agribusiness:** The Agribusiness segment reported adjusted pretax income attributable to the company of $20.3 million in Q2 2026, up from $16.8 million in Q2 2025. Adjusted EBITDA for Agribusiness was $52.9 million in Q2 2026, an increase from $46.4 million in Q2 2025. Gross profit for the segment was $146,778 thousand in Q2 2026, compared to $132,062 thousand in Q2 2025. Operating, administrative and general expenses were $122,098 thousand in Q2 2026, up from $114,012 thousand in Q2 2025. **Renewables:** The Renewables segment achieved adjusted pretax income attributable to the company of $88.4 million in Q2 2026, significantly higher than $9.6 million in Q2 2025. This segment’s adjusted EBITDA was $102.6 million in Q2 2026, a substantial increase from $30.2 million in Q2 2025. Gross profit for Renewables was $76,952 thousand in Q2 2026, up from $26,354 thousand in Q2 2025. Operating, administrative and general expenses were $34,099 thousand in Q2 2026, compared to $8,951 thousand in Q2 2025. The Renewables segment’s results included $24 million of 45Z producer tax credits in the quarter. #### Segment Operational Metrics (Six Months Ended June 30) **Agribusiness:** Adjusted pretax income attributable to the company for Agribusiness was $38.2 million in YTD 2026, increasing from $16.7 million in YTD 2025. Adjusted EBITDA for Agribusiness was $102.1 million in YTD 2026, up from $77.9 million in YTD 2025. Gross profit for the segment was $280,684 thousand in YTD 2026, compared to $250,660 thousand in YTD 2025. Operating, administrative and general expenses were $243,518 thousand in YTD 2026, up from $238,501 thousand in YTD 2025. **Renewables:** Adjusted pretax income attributable to the company for Renewables was $127.9 million in YTD 2026, a significant increase from $25.0 million in YTD 2025. Adjusted EBITDA for Renewables was $157.0 million in YTD 2026, up from $67.6 million in YTD 2025. Gross profit for Renewables was $103,630 thousand in YTD 2026, up from $60,628 thousand in YTD 2025. Operating, administrative and general expenses were $44,399 thousand in YTD 2026, compared to $18,734 thousand in YTD 2025. #### Cash Flow (Three Months Ended June 30) Cash provided by operating activities was $487,922 thousand in Q2 2026, compared to $299,321 thousand in Q2 2025. Cash from operations before working capital changes was $112,949 thousand in Q2 2026, up from $42,886 thousand in Q2 2025. Cash spent on capital projects in the quarter totaled $76 million. #### Cash Flow (Six Months Ended June 30) Net cash provided by operating activities was $94,247 thousand in YTD 2026, a reversal from - $50,699 thousand used in YTD 2025. Cash from operations before working capital changes was $181,094 thousand in YTD 2026, up from $99,860 thousand in YTD 2025. Net cash used in investing activities was - $123,257 thousand in YTD 2026, compared to - $75,707 thousand in YTD 2025. #### Outlook / Guidance The Andersons, Inc. is preparing for a debottlenecking project at its Clymers, Indiana, ethanol facility and pursuing opportunities to reduce carbon intensity to maximize 45Z tax credits. The company expects the Port of Houston’s soybean meal export capabilities to be operational in the fourth quarter. 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