MAUMEE, Ohio, April 15, 2025 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) will release its financial results for the first quarter 2025 after 4 p.m. Eastern on Tuesday, May 6, 2025. The company will host a webcast on Wednesday, May 7, 2025, at 8:30 a.m. Eastern to discuss the results and provide a company update.To listen over the phone, please dial 888-317-6003 (U.S. toll-free) or 412-317-6061 (international toll) and use elite entry number: 2480571. To watch the webcast, go to https://app.webinar.ne ...

Company Overview - The Andersons (ANDE) is a diversified agribusiness company involved in grain storage, trading, risk management, and is the fifth-largest producer of ethanol in the United States [1] Investment Focus - The analysis emphasizes a focus on underfollowed American and European businesses with market capitalizations up to $15 billion, prioritizing innovation and scalability [1] Industry Insights - The core focus of the analysis is on renewable energy and cutting-edge industrial innovation, highlighting industries where disruption is expected to drive the next wave of growth [1]

Core Viewpoint - The Andersons (ANDE) is identified as a strong value stock with a Zacks Rank of 1 (Strong Buy) and an A grade for Value, indicating it is likely undervalued at present [3][6]. Value Metrics - The P/S ratio of ANDE is 0.13, significantly lower than the industry average of 0.27, suggesting it is undervalued based on sales performance [4]. - ANDE's P/CF ratio stands at 6.17, which is attractive compared to the industry's average P/CF of 6.64. This ratio indicates a favorable cash flow outlook for the company [5]. - Over the past 52 weeks, ANDE's P/CF has fluctuated between a high of 8.71 and a low of 5.59, with a median of 6.94, further supporting its valuation as attractive [5]. Earnings Outlook - The strength of ANDE's earnings outlook, combined with its favorable valuation metrics, positions it as an impressive value stock currently [6].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 000-20557 THE ANDERSONS, INC. (Exact name of the registrant as specified in its charter) (State of incorporation or organizatio ...

February 19, 2025 SAFE HARBOR AND NON-GAAP FINANCIAL MEASURES FOURTH QUARTER EARNINGS CALL Certain information discussed today constitutes forward-looking statements. Actual results could differ materially from those presented in the forward-looking statements as a result of many factors including general economic, weather, and regulatory conditions, competition, geopolitical risk, and additional factors that are described in the company's publicly-filed documents, including its '34 Act filings and the pros ...

Financial Data and Key Metrics Changes - The company reported adjusted pretax income of $147 million and adjusted EBITDA of $363 million for 2024, despite facing oversupplied agricultural markets with low prices and limited volatility [9][17] - Net income attributable to the company was $45 million or $1.31 per diluted share, compared to adjusted net income of $55 million or $1.59 per diluted share in Q4 2023 [16] - Full year gross profit decreased by 7% to $694 million from $745 million in 2023, primarily due to lower ethanol margins [17] Business Line Data and Key Metrics Changes - The trade segment reported record fourth quarter adjusted pretax income of $54 million, up from $47 million in Q4 2023, driven by strong harvest execution and stable elevation margins [22] - Renewables generated fourth quarter pretax income of $16 million, down from $33 million in 2023, with EBITDA of $40 million compared to $73 million in the previous year [25][26] - Nutrient and industrial business reported a slight increase in adjusted pretax income to $3 million, while full year EBITDA decreased to $57 million from $62 million in 2023 [27] Market Data and Key Metrics Changes - The company noted that the agricultural businesses were lower due to soft industry fundamentals and limited grower engagement [13] - The effective tax rate for the quarter was 20%, with a full year rate of 15%, influenced by federal tax credits related to cellulosic ethanol production [18] Company Strategy and Development Direction - The company is focusing on integrating operations with Skyland Grain to optimize outcomes and enhance its presence in the North American agricultural supply chain [14][31] - A new segment reporting structure will be implemented in 2025 to streamline operational efficiency and enhance collaboration across trade and nutrient businesses [29] - The company anticipates an increase in US corn planted acres, which is expected to benefit its nutrient and agronomy business [33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the agribusiness outlook despite challenges from lower grain prices and reduced farmer engagement [32] - The company plans to continue investing in projects aimed at reducing carbon intensity in ethanol production and expanding renewable diesel feedstock merchandising [37][39] - Management acknowledged uncertainty around the regulatory environment but remains committed to responsible decision-making to optimize shareholder value [39] Other Important Information - The company generated cash flow from operations of $100 million in Q4 2024, down from $122 million in Q4 2023, with a year-end cash position of $562 million [19][20] - Capital spending for the year was $149 million, with a long-term debt to EBITDA ratio of 1.8 times, below the target of less than 2.5 times [21] Q&A Session Summary Question: Can you elaborate on the investment opportunities around lowering carbon intensity? - Management indicated that the return profile of these investments is evolving and will be included in the capital expenditure environment as clarity increases [42][44] Question: What are the expected synergies from the consolidation of the NNI and Trade Group? - Management noted that while there are opportunities for consolidation, the primary goal is to create a unified solution for producers, enhancing operational efficiency [45][47] Question: How did the company manage to deliver solid results despite margin compression in ethanol? - Management attributed the strong performance to effective execution of their business model, focusing on controllable costs and maximizing core operations [49][51] Question: What are the potential impacts of trade tariffs on the business? - Management stated that the company is not significantly affected by major tariff swings due to its domestic focus, although some aspects may be impacted [56][58] Question: Can you provide an update on the integration of Skyland? - Management confirmed that the integration is progressing well, with expectations for a $30 to $40 million EBITDA contribution in 2025 [59][62] Question: How does the nutrient input requirement differ between corn and soybeans? - Management explained that corn requires substantially more nutrient input, leading to higher margins compared to other crops [68] Question: What is the outlook for the merchandising environment for corn in 2025? - Management noted that recent price appreciation has led to increased optimism among farmers, although some may have sold their crops prematurely [81][84]

Financial Performance - Full year net income attributable to The Andersons was $114 million, or $3.32 per diluted share, with an adjusted basis of $117 million, or $3.40 per diluted share[5]. - Fourth quarter net income attributable to The Andersons was $45 million, or $1.31 per diluted share, and $47 million, or $1.36 per diluted share, on an adjusted basis[5]. - Adjusted EBITDA for the full year was $363 million, with $117 million for the fourth quarter[5]. - Net income for the three months ended December 31, 2024, was $54,104 thousand, a decrease of 30.9% compared to $78,437 thousand in the same period of 2023[28]. - Adjusted net income attributable to The Andersons, Inc. for the twelve months ended December 31, 2024, was $116,664 thousand, slightly down from $118,267 thousand in 2023, reflecting a decrease of 1.4%[30]. - The net income for the three months ended December 31, 2024, was $54,104, compared to $78,437 in the same period of 2023, a decrease of 30.9%[33]. - The net income for the twelve months ended December 31, 2024, was $170,700,000, compared to $132,529,000 in 2023, reflecting an increase of approximately 28.8%[34]. Revenue and Sales - For the three months ended December 31, 2024, total sales and merchandising revenues reached $3,123,138, a slight decrease from $3,213,000 in the same period of 2023, representing a 2.8% decline[31]. - For the twelve months ended December 31, 2024, total sales and merchandising revenues were $11,257,548, down from $14,750,112 in 2023, a decrease of 23.8%[32]. Expenses and Liabilities - Operating, administrative, and general expenses for the three months ended December 31, 2024, totaled $147,154, up from $132,712 in the same period of 2023, an increase of 10.9%[31]. - Total current liabilities increased to $1,731,172 thousand as of December 31, 2024, compared to $1,636,331 thousand in 2023, marking an increase of 5.8%[27]. - Total liabilities increased to $2,521,478 thousand as of December 31, 2024, from $2,338,620 thousand in 2023, reflecting an increase of 7.8%[27]. Cash Flow and Position - The company generated $269 million in cash from operating activities for Q4 2024, compared to $251 million in Q4 2023[7]. - Cash position at year-end was over $560 million, with a long-term debt to adjusted EBITDA ratio of 1.8 times[7]. - Cash and cash equivalents decreased to $561,771 thousand at the end of December 2024, down from $643,854 thousand at the end of December 2023, a decline of 12.7%[28]. - Net cash provided by operating activities for the twelve months ended December 31, 2024, was $331,506 thousand, down from $946,750 thousand in 2023, a decrease of 65.0%[28]. - Cash provided by operating activities for the twelve months ended December 31, 2024, was $946,750,000, a decrease from $1,000,000,000 in 2023[35]. - The cash provided by operating activities for Q4 2024 was $268,811,000, an increase from $250,663,000 in Q4 2023, representing a growth of approximately 7.4%[35]. Inventory and Assets - The company reported a significant increase in inventories, which rose to $1,286,811 thousand in December 2024, compared to $1,166,700 thousand in December 2023, an increase of 10.3%[27]. - Total assets increased to $4,121,314 thousand as of December 31, 2024, up from $3,855,007 thousand in 2023, representing a growth of 6.9%[27]. Segment Performance - Trade segment reported record fourth quarter pretax income of $54 million, up from $44 million in the prior year[9]. - Renewables segment reported pretax income of $25 million in Q4 2024, down from $60 million in Q4 2023[13]. - Nutrient & Industrial recorded pretax income of $3 million in Q4 2024, an improvement from the prior year[17]. - The company reported a net loss in the "Other" segment of $78,216,000 for the twelve months ended December 31, 2024, compared to a loss of $79,929,000 in 2023, showing a slight improvement[34]. Future Outlook - The company anticipates a significant increase in planted corn acres and strong ethanol exports in 2025[4]. - The company is actively pursuing growth in the Renewables space, including evaluating expansion and acquisition opportunities[4].

Financial Performance Overview - The Andersons, Inc. reported a pretax income of $67.3 million for Q4 2024, down from $91.8 million in Q4 2023, but showed an increase in year-to-date pretax income to $200.8 million from $169.6 million [4] - Net income attributable to the company for Q4 2024 was $45.1 million, or $1.31 per diluted share, compared to $51.2 million, or $1.49 per diluted share in Q4 2023 [4][9] - Adjusted net income for Q4 2024 was $46.9 million, or $1.36 per diluted share, down from $54.6 million, or $1.59 per diluted share in Q4 2023 [4][28] Segment Performance - The Trade segment achieved a record pretax income of $54 million in Q4 2024, up from $44 million in Q4 2023, driven by solid operations and improved merchandising [7][10] - The Renewables segment reported a pretax income of $25 million in Q4 2024, down from $60 million in Q4 2023, primarily due to lower ethanol prices despite record production [11][12] - Nutrient & Industrial segment showed improvement with a pretax income of $3 million in Q4 2024, compared to $2.1 million in Q4 2023, attributed to better performance in manufactured products [15][16] Cash Flow and Debt Management - The company ended 2024 with a cash position exceeding $560 million, with operating cash flows of $269 million in Q4 2024, compared to $251 million in Q4 2023 [5][6] - The long-term debt to adjusted EBITDA ratio stood at 1.8 times, below the target of 2.5 times, indicating a strong balance sheet [5] Market Outlook - The company anticipates a significant increase in planted corn acres and strong ethanol exports, positioning itself well against market shifts [3] - There are ongoing efforts to enhance the carbon intensity of ethanol plants and explore expansion and acquisition opportunities in the Renewables sector [3]

Group 1 - The Andersons, Inc. announced a second quarter 2025 cash dividend of 19.5 cents ($0.195) per share, payable on April 22, 2025, to shareholders of record as of April 01, 2025 [1] - This marks The Andersons' 114th consecutive quarterly cash dividend since its listing on Nasdaq in February 1996 [1] Group 2 - The Andersons, Inc. was recognized in 2024 as one of The Americas' Fastest Growing Companies by the Financial Times and as one of America's Climate Leaders by USA Today [2] - The company operates in the agribusiness and renewable sectors, emphasizing its commitment to customer service, employee development, community support, and increasing company value [2]

MAUMEE, Ohio, Jan. 28, 2025 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) will release its financial results for the fourth quarter and full year 2024 after 4 p.m. Eastern on Tuesday, February 18, 2024. The company will host a webcast on Wednesday, February 19, 2024, at 8:30 a.m. Eastern to discuss the results and provide a company update.To listen over the phone, please dial 888-317-6003 (U.S. toll-free) or 412-317-6061 (international toll) and use elite entry number: 3381023. To watch the webcast, go ...