Quarterly Consolidated Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Consolidated Financial Information (Unaudited)

As a result of the agreement to sell the Company's Rail Leasing business and announcing the intent to sell the Rail Repair business, the results of the former Rail segment are reported separately as discontinued operations in our Consolidated statements of operations for all periods presented. Prior to presentation of Rail as a discontinued operation, Rail was a stand-alone segment. All periods presented have been retrospectively adjusted to reflect this change.

The following is a summary of the unaudited quarterly results of operations for 2021 and 2020:


	Three Months Ended
(in thousands, except for per common share data)	March 31, 2021		June 30, 2021		September 30, 2021		December 31, 2021
Sales and merchandising revenues	$	2,594,719	$	3,235,805	$	2,998,824	$	3,782,702
Income (loss) before income taxes from continuing operations	14,116		53,701		16,317		76,636
Net income (loss) from continuing operations	9,755		44,024		12,290		65,473
Net income (loss)	13,262		46,124		14,136		62,344
Net income attributable to The Andersons, Inc.	15,107		43,499		15,738		29,642
Income (loss) from continuing operations per share:
Basic	0.35		1.24		0.42		0.98
Diluted	0.35		1.23		0.41		0.95


	Three Months Ended
(in thousands, except for per common share data)	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
Sales and merchandising revenues	$	1,815,993	$	1,854,738	$	1,885,586	$	2,508,303
Income (loss) before income taxes from continuing operations	(53,582)		5,226		(2,360)		23,635
Net income (loss) from continuing operations	(44,166)		10,290		1,788		15,917
Net income (loss)	(51,111)		20,032		2,215		14,649
Net income attributable to The Andersons, Inc.	(37,662)		30,439		(1,058)		15,991
Income (loss) from continuing operations per share:
Basic	(0.94)		0.63		(0.05)		0.52
Diluted	(0.95)		0.63		(0.05)		0.52

Net income (loss) per share is computed independently for each of the quarters presented. As such, the summation of the quarterly amounts may not equal the total net income per share reported for the year.