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].

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 ...

MAUMEE, Ohio, Oct. 24, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announced it has signed a long-term lease agreement for its operations at Port Houston and will be expanding the facility to support the export of soybean meal among other bulk grains. The upgrades will focus on increased reliability and efficiency and include providing rail-based soybean meal unload access directly at the export point.The Andersons facility at Port Houston."We are pleased to extend our relationship with Port Hou ...

Group 1 - The Andersons, Inc. will release its financial results for Q3 2024 on November 4, 2024, after 4 p.m. Eastern Time [1] - A webcast to discuss the results and provide a company update will be held on November 5, 2024, at 11 a.m. Eastern Time [1] - The company can be contacted via phone for the webcast using specific toll-free and international numbers [1] Group 2 - The Andersons, Inc. has been recognized in 2024 by Forbes as one of America's Most Successful Small Companies and by Newsweek as one of America's Most Responsible Companies [2] - The company operates in agriculture and is involved in commodity merchandising, renewables, and nutrient & industrial sectors [2] - The Andersons is committed to extraordinary customer service, employee improvement, community support, and increasing company value [2]

MAUMEE, Ohio, Aug. 19, 2024 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE), announces Bill Krueger, the company's current Chief Operating Officer (COO), will succeed Pat Bowe as President and Chief Executive Officer (CEO) effective October 1, 2024. Mr. Krueger also will be appointed to The Andersons Board of Directors. Mr. Bowe will remain as the company's Chairman of the Board.Bill Krueger, The Andersons, Inc."Bill has been integral to our strategic growth during his tenure with The Andersons, helping ...

Core Points - The Andersons, Inc. announced a fourth quarter 2024 cash dividend of $0.19 per share, payable on October 22, 2024, to shareholders of record as of October 1, 2024 [1] - The company's board has authorized a share repurchase program of up to $100 million of outstanding common stock, aimed at returning cash to shareholders [1] - The share repurchase will occur in open market transactions, depending on stock price and market conditions, with the program effective for three years [2] - This marks The Andersons' 112th consecutive quarterly cash dividend since its Nasdaq listing in February 1996 [2] Company Overview - The Andersons, Inc. is recognized in 2024 by Forbes as one of America's Most Successful Small Companies and by Newsweek as one of America's Most Responsible Companies [3] - The company operates in agriculture, focusing on commodity merchandising, renewables, and nutrient & industrial sectors [3] - The Andersons is committed to providing exceptional service, supporting employee development, and enhancing community value [3]

SECOND QUARTER EARNINGS CALL August 7, 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 prospec ...

The Andersons, Inc. (NASDAQ:ANDE) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Mike Hoelter – Vice President, Corporate Controller and Investor Relations Pat Bowe – President and Chief Executive Officer Brian Valentine – Executive Vice President and Chief Financial Officer Bill Krueger – Chief Operating Officer Conference Call Participants Ben Klieve – Lake Street Capital Markets Scott Fortune – ROTH Capital Partners Ben Mayhew – BMO Capital Markets Jason Miner – Bloomber ...

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 06/30/2024 ☐ 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 THE ANDERSONS, INC. (Exact name of the registrant as specified in its charter) Ohio 34-1562374 (State of incorporation o ...

Exhibit 99.1 NEWS RELEASE The Andersons, Inc. Reports Second Quarter Results MAUMEE, OHIO, August 6, 2024 - The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the second quarter ended June 30, 2024. Second Quarter Highlights: • Company reported net income attributable to The Andersons of $36 million, or $1.05 per diluted share and adjusted net income of $39 million, or $1.15 per diluted share • Adjusted EBITDA was $98 million for the quarter • Renewables reported pretax income of $39 million ...