Financial Performance - Q4 2023 - Sales and merchandising revenues decreased to $3.213 billion from $4.677 billion in Q4 2022[9], a decrease of approximately 31% - Gross profit increased to $218 million from $170 million in Q4 2022[9], an increase of approximately 28% - Pretax income from continuing operations attributable to ANDE increased to $65 million from $25 million in Q4 2022[9], an increase of approximately 160% - Adjusted EBITDA from continuing operations increased to $135 million from $104 million in Q4 2022[9], an increase of approximately 30% - Adjusted EPS from continuing operations increased to $1.59 from $0.98 in Q4 2022[9], an increase of approximately 62% Financial Performance - Year to Date 2023 - Sales and merchandising revenues decreased to $14.750 billion from $17.325 billion YTD 2022[9], a decrease of approximately 15% - Pretax income from continuing operations attributable to ANDE decreased to $138 million from $159 million YTD 2022[9], a decrease of approximately 13% - Adjusted EBITDA from continuing operations decreased to $405 million from $412 million YTD 2022[9], a decrease of approximately 2% - Adjusted EPS from continuing operations decreased to $3.44 from $4.05 YTD 2022[9], a decrease of approximately 15%

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, 2023 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) Ohio 34-1562374 (State of incorporatio ...

Core Viewpoint - The Andersons (ANDE) is set to report its fourth-quarter 2023 results on February 20, with expectations of a revenue decline but an improvement in earnings per share compared to the previous year [1][2]. Q4 Estimates - The Zacks Consensus Estimate for ANDE's fourth-quarter revenues is $4.2 billion, indicating a 9.9% year-over-year decline [2]. - The consensus estimate for fourth-quarter earnings is $1.11 per share, suggesting a 13.3% improvement from the same quarter last year [2]. - The earnings estimate has remained unchanged over the past 60 days [2]. Q3 Results - In the last reported quarter, Andersons experienced year-over-year declines in both revenues and earnings, missing the Zacks Consensus Estimate [3]. - The company has missed the consensus estimate in one of the last four quarters, while beating in the other three, with an average surprise of 32.7% [3]. Factors to Note - The Trade segment is expected to benefit from strong momentum in merchandising businesses and recent investments in food and pet food ingredients [4]. - The Renewables segment is anticipated to reflect strong ethanol crush margins, enhanced efficiency, and lower costs contributing to earnings [4]. - The Nutrient & Industrial segment may show lower volume impacts, but demand for fertilizer and specialty liquid products remains solid [4]. Price Performance - Andersons' shares have increased by 22.6% over the past year, contrasting with a 1.8% decline in the industry [6].

Core Viewpoint - The importance of analyzing a company's cash flow efficiency is emphasized, as even profitable companies can face bankruptcy without adequate cash flow [1][2]. Group 1: Cash Flow Importance - Cash flow is essential for a company's existence, development, and success, providing the means to meet obligations and reinvest in the business [1]. - Positive cash flow indicates an increase in liquid assets, allowing companies to manage debt, expenses, and downturns effectively [2]. - A company must not only have positive cash flow but also increasing cash flow to ensure future growth and reduce reliance on external financing [2]. Group 2: Screening Parameters - Stocks were screened for those with cash flow in the latest quarter at least equal to the 5-year average cash flow per common share, indicating a positive trend [4]. - Additional criteria included Zacks Rank 1, average broker rating of 1, current price greater than or equal to $5, and a VGM Score of B or better [4]. Group 3: Stock Picks - **Griffon Corporation (GFF)**: A diversified management and holding company with a revised earnings estimate of $4.62 for fiscal 2024, reflecting a 13% upward revision [5]. - **Photronics, Inc. (PLAB)**: A leading manufacturer of photomasks with a fiscal 2024 earnings estimate of $2.60, up by 15.6% [6]. - **The Andersons, Inc. (ANDE)**: A regional grain merchandiser with a revised earnings estimate of $3.86 for 2024, up by 13.5% [7]. - **AZZ Inc. (AZZ)**: A global provider of metal coating services with a fiscal 2024 earnings estimate of $4.30, reflecting a 5.4% increase [7].

The Andersons, Inc. (ANDE) saw record third quarter 2023 results in Renewables. This Zacks Rank #1 (Strong Buy) is expected to keep its momentum into 2024, growing earnings by 32.2%.The Andersons is an agribusiness company which has grown, over the last 77 years, from a single grain elevator to a diverse company with commodity merchandising (trade), renewables, and nutrient and industrial specialties.It has 82 facilities in the trade division, 4 in renewables and 37 in nutrient and industrial along with 10 ...

Core Viewpoint - Cash flow is essential for a company's survival, growth, and success, making stocks with strong cash flow attractive investment opportunities [1][2] Group 1: Importance of Cash Flow - Cash is crucial for decision-making, investments, and sustaining growth, indicating a company's health and operational efficiency [1] - Positive cash flow signifies an increase in liquid assets, enabling a company to meet obligations, reinvest, and return wealth to shareholders, while negative cash flow indicates declining liquidity [2] - Increasing cash flow is vital for future growth, reflecting management's efficiency and reduced reliance on external financing [2] Group 2: Screening Parameters for Stocks - Stocks were screened for those with cash flow in the latest quarter at least equal to the 5-year average cash flow per share, indicating a positive trend [4] - Additional criteria included Zacks Rank 1 for strong buy potential, average broker rating of 1, current price of at least $5, and a VGM Score of B or better [4] Group 3: Selected Stocks - **Arcos Dorados Holdings Inc. (ARCO)**: Operates McDonald's franchises in Latin America; 2024 earnings per share estimate revised up by 8% to $0.95; VGM Score of A [5] - **Photronics, Inc. (PLAB)**: Manufacturer of photomasks for semiconductors; 2024 earnings estimate increased by 15.6% to $2.60; VGM Score of A [6] - **The Andersons, Inc. (ANDE)**: Regional grain merchandiser with diversified operations; 2024 earnings estimate raised by 13.5% to $3.86; VGM Score of A [7] - **GigaCloud Technology Inc. (GCT)**: B2B e-commerce solutions provider; 2024 earnings estimate up by 13.8% to $2.23; VGM Score of A [7]

In what appears to be the first major setback in 2024 for the broader equity markets, stocks mostly trended down and traded near the flat line yesterday owing to higher-than-expected inflation data. The consumer price index increased 0.3% in December month over month and 3.4% on a year-over-year basis compared with broader expectations of a 0.2% and 3.2% rise, respectively, primarily driven by higher rents and food prices. This portrays that the Federal Reserve’s efforts to slow down inflation to its 2% tar ...

Net profit, also referred to as the bottom line, is one of the key tools determining the financial health of an enterprise. The metric demonstrates a company’s ability to convert per dollar sales into profits.A low profit margin indicates higher risks, implying that a revenue drop might dampen profits, thus pushing a company into the red. JAKKS Pacific, Inc. (JAKK) , The Andersons, Inc. (ANDE) , RCM Technologies, Inc. (RCMT) and Tactile Systems Technology, Inc. (TCMD) , however, boast solid net profit margi ...

THIRD QUARTER EARNINGS CALL November 8, 2023 ...

The Andersons, Inc. (NASDAQ:ANDE) Q3 2023 Earnings Conference Call November 8, 2023 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 Conference Call Participants Ben Bienvenu – Stephens Brian Wright – ROTH MKM Ben Klieve – Lake Street Capital Operator Good morning, ladies and gentlemen, and welcome to The Andersons' 2023 Third Quar ...