Green plains reports fourth quarter and full year 2016 financial results nasdaq_gpre

OMAHA, Neb., Feb. Android phone pattern unlock 08, 2017 (GLOBE NEWSWIRE) — Green Plains Inc. Android m phone list (NASDAQ: GPRE) today announced financial results for the fourth quarter of 2016. Android phone apps not working Net income attributable to the company was $18.7 million, or $0.47 per diluted share, for the fourth quarter of 2016 compared with net loss of $(3.6) million, or $(0.09) per diluted share, for the same period in 2015. Phone android com Revenues were $932.1 million for the fourth quarter of 2016 compared with $739.9 million for the same period last year.

“Green Plains finished 2016 on a strong note, generating $74.3 million of segment operating income in the fourth quarter as we successfully integrated the acquisitions of three ethanol plants and Fleischmann’s Vinegar Company into our platform,” said Todd Becker, president and chief executive officer. Android vs windows phone comparison “Each of our business units performed well during the quarter and the year, delivering strong results by continuing to focus on executing our long term strategy of diversification and achieving scale in all of our businesses.”

With the addition of Fleischmann’s Vinegar Company in the fourth quarter of 2016, Green Plains restructured its operating segments. Is an android phone a smartphone The four segments include: ethanol production, agribusiness and energy services, food and food ingredients and partnership. Android phone not turning on Please see segment information below for more detail.


During the fourth quarter, Green Plains produced 334.2 million gallons of ethanol compared with 260.8 million gallons for the same period in 2015. Android phone driver windows 7 The consolidated ethanol crush margin was $81.6 million, or $0.24 per gallon, for the fourth quarter of 2016 compared with $28.9 million, or $0.11 per gallon, for the same period in 2015. Iphone v android phone The consolidated ethanol crush margin is the ethanol production segment’s operating income before depreciation and amortization, which includes corn oil production, plus intercompany storage, transportation and other fees, net of related expenses.

Revenues were $3.4 billion for the year ended Dec. Android phone apps store 31, 2016, compared with $3.0 billion for the same period in 2015. 6 inch android phone below 10000 Net income attributable to the company for the year ended Dec. Android phone in low price 31, 2016, was $10.7 million, or $0.28 per diluted share, compared with net income of $7.1 million, or $0.18 per diluted share, for the same period in 2015.

“U.S. Android phone keylogger ethanol demand was strong in 2016 and we expect that to continue in 2017. Android phone has stopped In addition, exports were the strongest we have seen in 5 years. Android phone reviews comparison U.S. Qmobile android phone price in pakistan ethanol remains competitively priced and export demand could be even stronger this year,” Becker added. Mt65xx android phone driver installer “We expect to see solid infrastructure growth in support of E15 with new locations and more retailers expanding demand for the product. Android phone hacking tricks In all, we believe gasoline demand will continue to grow, leading to an improved ethanol margin environment as we approach the beginning of summer driving season in April.

“We invested over $550 million of growth capital in 2016, which we believe positions us to deliver stronger results in the future. New android phone reviews We continue to evaluate additional growth opportunities across all of our segments and we look forward to the completion of the Jefferson Energy Terminal joint venture in the second half of this year,” stated Becker.

• On Jan. Android phone emulator for pc 1, 2016, Green Plains sold the storage and transportation assets of the Hopewell and Hereford ethanol production facilities to Green Plains Partners for $62.3 million.

• On June 14, 2016, Green Plains Inc. Find my android phone and Jefferson Gulf Coast Energy Partners, a subsidiary of Fortress Transportation and Infrastructure Investors LLC, announced the formation of a 50/50 joint venture to construct and operate an intermodal export and import fuels terminal at Jefferson’s existing Beaumont, Texas terminal. Android phone encryption Green Plains will offer its interest in the joint venture to the partnership once commercial development is complete, which is expected during the second half of 2017.

• In Aug. Top 3 android phone 2016, Green Plains completed a private offering of $170 million aggregate principal amount of 4.125% convertible senior notes that will mature on Sept. Android phone help 1, 2022. Android jelly bean phone The net proceeds from the offering were used to finance the recent acquisitions.

• On Sept. Best android phone review 23, 2016, Green Plains acquired three ethanol plants located in Madison, Ill., Mount Vernon, Ind. Android phone under 3000 and York. Android phone manager for pc Neb. Android apps windows phone for approximately $235 million in cash plus certain working capital adjustments. 1 android phone Concurrently, the ethanol storage assets were sold to Green Plains Partners LP for $90 million. Com android phone has stopped unexpectedly The plants added 230 million gallons per year of ethanol production capacity.

• On Oct. Unfortunately the process com android phone has stopped 3, 2016, Green Plains acquired SCI Ingredients Holdings, Inc. Android phone ratings and its wholly owned subsidiary, Fleischmann’s Vinegar Company, Inc., for approximately $258 million, financing the transaction with $135 million of debt and the balance with cash on hand. Com android phone Fleischmann’s Vinegar Company operates as a standalone business.

Consolidated revenues increased $192.2 million for the three months ended Dec. Android phone 32gb internal memory 31, 2016, compared with the same period in 2015. 3 android phones Revenues were impacted by an increase in ethanol volumes sold and a higher average price realized for ethanol along with an increase in volumes of cattle sold, plus the addition of Fleischmann’s Vinegar in the quarter. Android phone apps free The increase in revenues were partially offset by lower volumes and average realized prices for grain sold.

Operating income increased $43.3 million for the three months ended Dec. Android phone with best camera 31, 2016, compared with the same period last year primarily due to increased margins on ethanol production. Android dev phone Interest expense increased $8.3 million for the three months ended Dec. Android phone emulator online 31, 2016, compared with the same period last year primarily due to higher average debt outstanding. Best android phone 2014 Income tax expense was $12.2 million for the three months ended Dec. Android phone call apps 31, 2016, compared with $4.1 million for the same period in 2015.

Earnings before interest, income taxes, depreciation and amortization (EBITDA) for the fourth quarter of 2016 was $83.5 million compared with $32.5 million for the same period last year.

Management implemented organizational changes during the fourth quarter of 2016 as a result of acquisitions during the year and now reviews financial and operating performance for four operating segments: (1) ethanol production, which includes the production of ethanol, distillers grains and corn oil, (2) agribusiness and energy services, which includes grain handling and storage, commodity marketing and merchant trading, (3) food and food ingredients, which includes the vinegar operations and cattle feedlot operations and (4) partnership, which includes fuel storage and transportation services. Com android phone huawei Intercompany fees charged to the ethanol production segment for storage and logistics services, grain procurement and product sales are included in the partnership, and agribusiness and energy services segments and eliminated upon consolidation. Android phone google Third party cost of grain consumed and revenues from product sales are reported directly in the ethanol production segment. Best 4 android phone Prior periods have been reclassified to conform to the revised segment presentation.

On Dec. Android phone recommendations 31, 2016, Green Plains had $356.2 million in total cash and cash equivalents, and $120.8 million available under revolving credit agreements, some of which are subject to restrictions and other lending conditions. Android phone virus symptoms Total debt outstanding was $1,108.9 million, including $291.2 million outstanding under working capital revolvers and other short-term borrowing arrangements for the agribusiness and energy services, and the food and food ingredients segments at Dec. Android phone features 31, 2016.

On Feb. Android phone not connecting to pc 9, 2017, Green Plains Inc. Proces com android phone zostal zatrzymany and Green Plains Partners LP will host a joint conference call at 11 a.m. Best android phone today Eastern time (10 a.m. Android phone of samsung Central time) to discuss fourth quarter 2016 financial and operating results for each company. Mt65xx android phone driver xp download Domestic and international participants can access the conference call by dialing 888.778.9065 and 913.312.0719, respectively. Android phone emoticons Participants are advised to call at least 10 minutes prior to the start time. Android phone keeps turning off Alternatively, the conference call and presentation can be accessed on Green Plains’ website at http://investor.gpreinc.com/events.cfm. What android phone to get A transcript of the conference call will also be made available on the company’s website as soon as practicable.

Management uses earnings before interest, income taxes, depreciation and amortization, or EBITDA, and consolidated ethanol crush margin to measure the company’s financial performance and to internally manage its businesses. Lenovo android phone reviews Management believes these measures provide useful information to investors for comparison with peer and other companies. 0 android phone These measures should not be considered an alternative to net income or segment operating income, which are determined in accordance with generally accepted accounting principles. Android phone deals EBITDA calculations may vary from company to company. Lge android phone driver xp Accordingly, the company’s computation of EBITDA may not be comparable with a similarly-titled measure of another company.

Green Plains Inc. Android phone 10000 (NASDAQ: GPRE) is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. What android phone should i buy The company is the second largest consolidated owner of ethanol production facilities in the world, with 17 dry mill plants, producing nearly 1.5 billion gallons of ethanol at full capacity. Android for phone Green Plains, through its wholly owned subsidiary Fleischmann’s Vinegar Company, provides specialized ingredient solutions for leading food and feed manufacturers. Android phone update apps Green Plains owns a 62.5% limited partner interest and a 2.0% general partner interest in Green Plains Partners. Phone android marshmallow For more information about Green Plains, visit www.gpreinc.com.

Green Plains Partners LP (NASDAQ: GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. Android phone how to to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. Android phone apps on tablet For more information about Green Plains Partners, visit www.greenplainspartners.com.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Smartphone v android phone Forward-looking statements include words such as “anticipates,” “believes,” “estimates,” “expects,” “goal,” “intends,” “plans,” “potential,” “predicts,” “should,” “will,” and other words with similar meanings in connection with future operating or financial performance. Best phone android Such statements are based on management’s current expectations, which are subject to various factors, risks and uncertainties that may cause actual results, outcomes, timing and performance to differ materially from those expressed or implied. Smartphone v android Green Plains may experience significant fluctuations in future operating results due to a number of economic conditions, including competition in the industries in which Green Plains operates; commodity market risks, including those resulting from current weather conditions; financial market risks; counterparty risks; risks associated with changes to federal policy or regulation; risks related to closing and achieving anticipated results from acquisitions; risks associated with the joint venture to commercialize algae production and growth potential of the algal biomass industry; risks associated with the recent acquisitions of three ethanol plants and Fleischmann’s Vinegar; and other risks detailed in Green Plains’ reports filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Dec. Android phone device 31, 2015, and subsequent filings with the SEC. Best android phone 2011 Green Plains is not obligated nor intends to update its forward-looking statements at any time unless it is required by applicable securities laws. Android phone 3000 to 4000 Unpredictable or unknown factors not discussed in this release could also have material adverse effects on forward-looking statements.

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