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The Andersons, Inc. Declares Cash Dividend for Second Quarter 2025
Prnewswire· 2025-02-12 21:05
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]
The Andersons, Inc. to Release Fourth Quarter and Full Year Results on February 18
Prnewswire· 2025-01-28 21:05
Core Viewpoint - The Andersons, Inc. is set to release its financial results for Q4 and full year 2024 on February 18, 2024, followed by a webcast on February 19, 2024, to discuss the results and provide updates [1]. Company Information - The Andersons, Inc. has been 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 [3]. - The company operates in the agribusiness and renewable sectors, emphasizing a commitment to customer service, employee development, community support, and increasing company value [3].
The Andersons, Inc. Declares Cash Dividend for First Quarter 2025
Prnewswire· 2024-12-12 21:05
Group 1 - The Andersons, Inc. announced a first quarter 2025 cash dividend of 19.5 cents ($0.195) per share, reflecting a three percent increase from the previous quarter's dividend of 19 cents ($0.19) per share [1] - This marks the 113th consecutive quarterly cash dividend since the company was listed on Nasdaq in February 1996 [2] Group 2 - The Andersons, Inc. has been recognized in 2024 by Forbes as one of America's Most Successful Small Companies, by Newsweek as one of America's Most Responsible Companies, and by the Financial Times as one of The Americas' Fastest Growing Companies [4] - The company operates in diversified sectors including commodity merchandising, renewables, and nutrient & industrial sectors, emphasizing its commitment to customer service, employee development, community support, and increasing company value [4]
The Andersons to Present at Stephens Annual Investment Conference
Prnewswire· 2024-11-18 21:05
MAUMEE, Ohio, Nov. 18, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces that it will present at the Stephens Annual Investment Conference on Wednesday, November 20, 2024.President and Chief Executive Officer Bill Krueger and Executive Vice President and Chief Financial Officer Brian Valentine will speak at the conference at 8 a.m. Central Time. The Andersons presentation will be broadcast live at https://wsw.com/webcast/stph35/ande/1799880.A recording will also be available for a short time ...
The Andersons(ANDE) - 2024 Q3 - Quarterly Report
2024-11-05 19:57
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended 09/30/2024 ☐ 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 blackandwhiteandelog THE ANDERSONS, INC. (Exact name of the registrant as specified in its charter) Ohio 34-1562374 (Sta ...
The Andersons(ANDE) - 2024 Q3 - Earnings Call Transcript
2024-11-05 19:16
The Andersons, Inc. (NASDAQ:ANDE) Q3 2024 Earnings Conference Call November 5, 2024 11:00 PM ET Company Participants Mike Hoelter – Vice President, Corporate Controller and Investor Relations Bill Krueger – President and Chief Executive Officer Brian Valentine – Executive Vice President and Chief Financial Officer Conference Call Participants Ben Klieve – Lake Street Capital Markets Pooran Sharma – Stephens Craig Irwin – Roth Capital Partners Ben Mayhew – BMO Capital Markets Operator Good morning, ladies an ...
The Andersons(ANDE) - 2024 Q3 - Earnings Call Presentation
2024-11-05 16:31
THIRD QUARTER EARNINGS CALL November 5, 2024 SAFE HARBOR AND NON-GAAP FINANCIAL MEASURES 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 prospe ...
The Andersons(ANDE) - 2024 Q3 - Quarterly Results
2024-11-04 21:29
NEWS RELEASE The Andersons, Inc. Reports Strong Third Quarter Results MAUMEE, OHIO, November 4, 2024 - The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the third quarter ended September 30, 2024. Third Quarter Highlights: • Company reported net income attributable to The Andersons of $27 million, or $0.80 per diluted share and adjusted net income of $25 million, or $0.72 per diluted share • Adjusted EBITDA was $97 million, producing a record for the third quarter • Renewables reported best ...
The Andersons, Inc. Reports Strong Third Quarter Results
Prnewswire· 2024-11-04 21:05
Core Insights - The Andersons, Inc. reported strong financial results for Q3 2024, with net income of $27 million or $0.80 per diluted share, and adjusted net income of $25 million or $0.72 per diluted share, reflecting significant year-over-year growth in various segments [1][2][10]. Financial Performance - Adjusted EBITDA reached a record $97 million for the third quarter, up from $70.3 million in Q3 2023 [1][2]. - The company achieved a pretax income of $62.2 million, a substantial increase from $23.8 million in Q3 2023 [2][4]. - Net income attributable to The Andersons increased to $27.4 million from $9.7 million year-over-year [2][10]. Segment Performance - The Renewables segment reported a record pretax income of $53 million, up from $47 million in the same quarter last year, driven by strong operating performance and improved ethanol margins [1][8]. - The Trade segment saw pretax income rise to $26 million from $8 million in Q3 2023, benefiting from better performance in specialty ingredients and merchandising [4][5]. - Nutrient & Industrial segment reported a reduced pretax loss of $6 million compared to a loss of $8 million in the previous year, with improved volumes despite normalized margins [10][11]. Strategic Initiatives - The company announced an $85 million investment for a 65% ownership interest in Skyland Grain, LLC, expanding its geographic footprint in the grain and agronomy sector [1][3]. - Investments are being made to enhance the grain export program at the port of Houston, focusing on increasing capacity for storing and exporting soybean meal [1][3]. - The company continues to pursue growth opportunities and improve efficiency across its existing plants while exploring acquisition opportunities aligned with its strategic goals [1][3]. Cash Flow and Debt Management - The company generated cash from operating activities of $489 million in Q3 2024, although cash used in operating activities was $2 million [3][18]. - The company maintains a strong balance sheet with a debt-to-EBITDA ratio well below the target of 2.5 times, indicating robust financial health [3][18].
The Andersons, Inc. Acquires Majority Ownership in Skyland Grain, LLC
Prnewswire· 2024-11-04 11:50
MAUMEE, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announced they have finalized the acquisition of a majority ownership in Skyland Grain, LLC. The transaction enables The Andersons to expand its core grain and fertilizer businesses across strategic markets, including Kansas, Oklahoma, Colorado, and Texas. At the same time, Skyland will benefit from access to The Andersons extensive portfolio of assets and capabilities."With Skyland becoming part of The Andersons, we are confident ...