Cardinal Ethanol Llc (CRDE) |
|
Price: $17,300.0000
$-700.00
-3.889%
|
Day's High:
| $17300
| Week Perf:
| -3.89 %
|
Day's Low: |
$ 17,100.00 |
30 Day Perf: |
|
Volume (M): |
0 |
52 Wk High: |
$ 20,000.00 |
Volume (M$): |
$ 1,730 |
52 Wk Avg: |
$18,590.00 |
Open: |
$17,100.00 |
52 Wk Low: |
$17,100.00 |
|
|
Market Capitalization (Millions $) |
253 |
Shares
Outstanding (Millions) |
0 |
Employees |
80 |
Revenues (TTM) (Millions $) |
350 |
Net Income (TTM) (Millions $) |
33 |
Cash Flow (TTM) (Millions $) |
-6 |
Capital Exp. (TTM) (Millions $) |
17 |
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 |
-55.97 % |
2.36 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
Cardinal Ethanol Llc
Cardinal Ethanol LLC, a prominent Chemical Manufacturing company, recently reported its financial results for the second quarter of 2024. The financial report reveals a substantial decrease in revenue by -39.259% to $79.43 million compared to the same period last year. Additionally, the company reported a net deficit per share of $-105.00, in stark contrast to the previous year's profit of $923.00 per share. These figures show a significant decline in performance, especially when compared to the previous quarter. Decline in Revenue: Cardinal Ethanol LLC experienced a drastic decline in revenue during the second quarter of 2024. The 39.259% decrease to $79.43 million demonstrates the challenges faced by the company in this period. This significant drop can be attributed to various factors, such as changes in market conditions, demand fluctuations, or difficulties in supply chain management.
|
Cardinal Ethanol Llc
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
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, 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 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.
|
Per Share |
Current |
Earnings (TTM) |
2238.86 $ |
Revenues (TTM) |
23963.77 $
|
Cash Flow (TTM) |
- |
Cash |
2347.78 $
|
Book Value |
11608.42 $
|
Dividend (TTM) |
1239.38 $ |
|
Per Share |
|
Earnings (TTM) |
2238.86 $
|
Revenues (TTM) |
23963.77 $ |
Cash Flow (TTM) |
- |
Cash |
2347.78 $
|
Book Value |
11608.42 $ |
Dividend (TTM) |
1239.38 $ |
|
|
|
Ethanol |
|
69.65 % |
of total Revenue |
Distillers Grains |
|
11.51 % |
of total Revenue |
CFP |
|
1.49 % |
of total Revenue |
Corn Oil |
|
4.21 % |
of total Revenue |
Carbon Dioxide |
|
1.65 % |
of total Revenue |
Soybeans and Other Grains |
|
11.36 % |
of total Revenue |
Ethanol Division |
|
88.64 % |
of total Revenue |
Ethanol Division Ethanol |
|
69.65 % |
of total Revenue |
Ethanol Division Distillers Grains |
|
11.51 % |
of total Revenue |
Ethanol Division CFP |
|
1.49 % |
of total Revenue |
Ethanol Division Corn Oil |
|
4.21 % |
of total Revenue |
Ethanol Division Carbon Dioxide |
|
0.14 % |
of total Revenue |
Ethanol Division Other Revenue |
|
1.65 % |
of total Revenue |
Trading Division |
|
11.36 % |
of total Revenue |
Trading Division Soybeans and Other Grains |
|
11.36 % |
of total Revenue |
|
|