CSIMarket
 
Cardinal Ethanol Llc  (CRDE)
Other Ticker:  
 
 
Price: $21,675.0000 $-325.00 -1.477%
Day's High: $21675 Week Perf: 18.44 %
Day's Low: $ 21,500.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 22,000.00
Volume (M$): $ 2,168 52 Wk Avg: $17,605.63
Open: $21,500.00 52 Wk Low: $15,400.00



 Market Capitalization (Millions $) 317
 Shares Outstanding (Millions) 0
 Employees 49
 Revenues (TTM) (Millions $) 437
 Net Income (TTM) (Millions $) 57
 Cash Flow (TTM) (Millions $) 24
 Capital Exp. (TTM) (Millions $) 21

Cardinal Ethanol Llc

Cardinal Ethanol, LLC is an Indiana limited liability company formed on February 7, 2005 with the name of Indiana Ethanol, LLC. We were formed for the purpose of raising capital to develop, construct, own and operate a 100 million gallon per year ethanol plant in east central Indiana near Union City, Indiana. We began producing ethanol, distillers grains and corn oil at the plant in November 2008. In August 2010, we obtained a new Title V air permit allowing us to increase our annual ethanol production to 140 million gallons compared to 110 million gallons under our previous permit. We have been operating at an annual rate of approximately 120 million gallons for the fiscal year ended 2016. We anticipate that our production will increase for the fiscal year ended September 30, 2017 due to the completion of certain projects to increase our production capacity.

On February 28, 2016, we executed a Sixth Amendment of First Amended and Restated Construction Loan Agreement with First National Bank of Omaha ("FNBO") (the "Sixth Amendment"). The Sixth Amendment extended the termination date of the Revolving Credit Loan from February 28, 2016 to February 28, 2017. On May 6, 2016, we executed a Seventh Amendment of First Amended and Restated Construction Loan Agreement with FNBO (the "Seventh Amendment"). The Seventh Amendment extended the draw period and conversion date of the Declining Loan to July 31, 2016 and also amended the definition of permitted liens effective March 1, 2016

On September 7, 2016, we executed an Eighth Amendment of First Amended and Restated Construction Loan Agreement to be effective as of July 31, 2016, with FNBO (the "Eighth Amendment"). In connection therewith, we also executed a Third Amended and Restated Declining Revolving Credit Note (the "Declining Loan"), a Term Note (the "Term Loan") and a Second Amendment of First Amended and Restated Construction Loan Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement. The Eighth Amendment converts $15,000,000 of the principal balance on the Declining Loan, which was used for construction advances, to amortizing term debt and reduces the availability of the Declining Loan from $20,000,000 to $5,000,000 with such amount to be available for working capital purposes. Pursuant to the Eighth Amendment, the interest rate on the Term Loan is the 3-month LIBOR plus two hundred ninety basis points. The Eighth Amendment provides for monthly installment payments of approximately $282,700 commencing on September 1, 2016, with a final maturity date of February 28, 2021.

We have recently completed projects to add storage capacity to our plant and increase annual production capacity to approximately 135 million gallons. These projects were substantially complete at September 30, 2016 for a total cost of approximately $16,500,000. We continue to work to improve process efficiencies and reduce bottlenecks and expect to reach our goal of operating at an annual production rate of approximately 135 million gallons during the first quarter of our fiscal year ending September 30, 2017.

On October 31, 2016, we purchased approximately 64 acres of land adjacent to our property for a total purchase price of approximately $646,000.

The board of directors has approved capital projects for fiscal year 2017 to add a fermenter, add an additional cooling tower cell and a beer-degasser. The projects are expected to cost approximately $4,356,000. In connection with the projects, the Company has executed contracts with Nelson Engineering, Inc. The projects are expected to be complete by the end of the fiscal year ended September 30, 2017.

Subsequent to our fiscal year ended September 30, 2016, the board of directors approved a project to add grain loading facilities and additional rail track and grain storage. This project is expected to cost approximately $9,000,000. Theses additions are intended to provide the flexibility to receive and ship additional grain commodities if desired. We are currently in negotiations with our primary lender regarding financing for the project.

Our primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol we produce is manufactured from corn. Although the ethanol industry continues to explore production technologies employing various feedstocks, such as biomass, corn-based production technologies remain the most practical and provide the lowest operating risks. Corn produces large quantities of carbohydrates, which convert into glucose more easily than most other kinds of biomass.

The principal co-product of the ethanol production process is distillers grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, beef, poultry and swine industries. Dry mill ethanol processing creates three forms of distillers grains: Distillers Wet Grains with Solubles ("DWS"), Distillers Modified Wet Grains with Solubles ("DMWS") and Distillers Dried Grains with Solubles ("DDGS"). DWS is processed corn mash that contains approximately 70% moisture. DWS has a shelf life of approximately three days and can be sold only to farms within the immediate vicinity of an ethanol plant. DMWS is DWS that has been dried to approximately 50% moisture. DMWS have a slightly longer shelf life of approximately ten days and are often sold to nearby markets. DDGS is DWS that has been dried to 10% to 12% moisture. DDGS has an almost indefinite shelf life and may be sold and shipped to any market regardless of its vicinity to an ethanol plant.



   Company Address: 1554 N. County Road 600 E. Union City 47390 IN
   Company Phone Number: 964-3137   Stock Exchange / Ticker: CRDE
   


Customers Net Income fell by CRDE's Customers Net Profit Margin fell to

-32.35 %

4.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GPRE   -3.43%    
REGX   -3.43%    
• View Complete Report
   



Cardinal Ethanol Llc

Cardinal Ethanol LLC's Alarming Financial Plunge Raises Concerns of Impending Crisis



In a startling turn of events, Cardinal Ethanol LLC, a prominent player in the ethanol industry, experienced a significant downturn in its financial performance during the October to December 2023 period. The company's income plunged by a staggering -82.92%, with EPS dropping by -89.6% compared to the same quarter the previous year. Revenue also witnessed a sharp decline, fading by -48.787% and tumbling -41.415% sequentially. Net earnings fell by -82.9%, painting a bleak picture for Cardinal Ethanol LLC.
Financial Performance:
During the October to December 2023 period, Cardinal Ethanol LLC reported an income of $186.00 per share, which is a significant decline compared to $1,089.00 per share recorded in the same quarter the previous year. Similarly, EPS dropped to $1,788.86 per share from the preceding quarter.

Cardinal Ethanol Llc

Chemical Manufacturer Battles Decreased Revenue in Q4 2023: Adjusting Strategies for Success



Cardinal Ethanol LLC, a leading chemical manufacturing company, recently released its financial report for the fourth quarter of 2023. While the company experienced a decline in revenue, its earnings per share (EPS) and income per share showed significant growth. Additionally, Cardinal Ethanol highlighted improvements in profit margins and reductions in inventories. This article will delve into the key figures and provide insights into the company's overall performance.
Impressive Earnings Growth:
During the financial fourth quarter of 2023, Cardinal Ethanol witnessed an outstanding increase in EPS, which soared by a remarkable 144% to $1,788.86 per share from $733.13 per share the previous year. Furthermore, income per share experienced substantial growth, rising by 82.91% from $978.00 per share in the preceding reporting period. These figures signify the company's ability to generate higher profits on a per-share basis, reflecting strong financial performance.

Cardinal Ethanol Llc

Cardinal Ethanol LLC Reports Severe Plunge in EPS and Revenue Following Weak Sales in the Latest Fiscal Period

Cardinal Ethanol LLC, a leading ethanol producer, faced a challenging financial period ending June 30, 2023. The company reported a significant decline in both top and bottom-line figures, with its income per share dropping by a staggering 58.21% and revenue decreasing by 10.667% year on year.
During this period, Cardinal Ethanol LLC's revenue amounted to $119.05 million, compared to $133.26 million in the previous year, and its earnings per share (EPS) stood at $978.00, in contrast to $2,340.00 recorded in the financial period ending June 30, 2022. This decline in revenue represented an 8.966% decrease from $130.77 million, while the income per share witnessed a 5.96% increase from $923.00.
Moreover, the net profits of Cardinal Ethanol LLC also took a hit, falling by 58.18% from $34.174 million in the corresponding period a year before to $14.291 million in the most recent fiscal period. In terms of profitability, the company's operating margin decreased to 11.28%, while the net margin shrank to 12%.

Cardinal Ethanol Llc

Cardinal Ethanol LLC Achieves Record-breaking 59.97% EPS Surge, Dominating Chemical Manufacturing in Q2 2023

Cardinal Ethanol LLC has shown impressive growth in income, with a year-on-year increase of 59.86% in the second quarter of 2023, amounting to a cumulative value of $74 million. Despite this growth, Cardinal Ethanol LLC has a below-average income per employee, with a trailing twelve month basis at $1,515,507. However, Cardinal Ethanol LLC has exceeded other companies in the Chemical Manufacturing industry, with only one other company achieving higher income per employee.
As for the company's overall performance, there has been a deterioration in Cardinal Ethanol LLC's ranking from 61 to 86 compared to the first quarter of 2023. Nonetheless, the Chemical Manufacturing company has managed to increase its earnings per share, with profitability jumping by 59.97% to $923.00 per share. While revenue fell by -2.389% to $130.77 million year on year, annual profits for the company fell from $1,089.00 per share, and revenue decreased by -3.095% from $134.95 million in the preceding reporting period.






 

Cardinal Ethanol Llc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com