Exhibit 99.1 NEWS RELEASE The Andersons, Inc. Reports First Quarter Results MAUMEE, OHIO, May 7, 2024 - The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2024. First Quarter Highlights: • Company reported net income attributable to The Andersons of $6 million, or $0.16 per diluted share; comparable on an adjusted basis • EBITDA was $51 million for the quarter • Renewables reported pretax income of $23 million and adjusted pretax income attributable to The A ...

Financial Data and Key Metrics Changes - The company reported adjusted pre-tax income of $159 million for 2023, marking the second-best year ever, with adjusted EBITDA at $405 million, just below the 2022 record [7][10] - Fourth quarter net income from continuing operations was $51 million, or $1.49 per diluted share, compared to adjusted net income of $34 million, or $0.98 per diluted share in Q4 2022 [10] - Gross profit for Q4 2023 was $218 million, up over 25% from $170 million in Q4 2022, while full-year gross profit increased 9% to $745 million from $684 million [10][11] Business Line Data and Key Metrics Changes - The Trade business reported fourth quarter adjusted pre-tax income of $47 million, down from $52 million in Q4 2022, with adjusted EBITDA for the quarter at $62 million compared to $72 million in the same period last year [12][13] - Renewables achieved record fourth quarter pre-tax income of $33 million, significantly up from $13 million in 2022, with adjusted EBITDA of $73 million, more than double the $36 million in Q4 2022 [14] - Nutrient and Industrial reported fourth quarter adjusted pre-tax income of $2 million, a slight increase from the previous year, with adjusted EBITDA for the quarter at $11 million, just above Q4 2022 [15] Market Data and Key Metrics Changes - The company noted a shift in agricultural fundamentals as global supply replenished low stocks, leading to declining commodity prices [17] - Expectations for higher wheat storage income faded due to large export purchases by China in Q4 [18] - The company anticipates significant quantities of corn in key dry areas for 2024, despite shifts in the mix of US crops [18] Company Strategy and Development Direction - The company remains optimistic about growth prospects while acknowledging a shift in agricultural fundamentals, focusing on leveraging a balanced portfolio of assets and merchandising product lines [17][18] - Investments in core assets and bolt-on acquisitions are part of the strategy to strengthen the business for long-term growth [17][22] - The company aims to achieve a run-rate EBITDA target of $475 million by 2025, relying on both internal growth and successful acquisitions [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024 despite a slower start due to farmers' reluctance to make forward sales on lower market prices [17] - The renewables segment is expected to see seasonal weak demand initially, but improvements in margins are anticipated as driving miles increase in the spring [19][55] - The company is exploring investments to lower carbon intensity in ethanol production and participate in sustainable aviation fuel initiatives [20][41] Other Important Information - The company ended 2023 with cash of $644 million, exceeding total debt, and maintained a long-term debt-to-EBITDA ratio of 1.5 times [11][12] - Capital expenditures for 2024 are targeted between $150 million to $175 million, with an equal balance between maintenance and growth CapEx [25] Q&A Session Summary Question: What are the expectations for capital expenditures in 2024? - The company targets capital expenditures of $150 million to $175 million, with an equal balance between maintenance and growth CapEx [25] Question: How does the company view stock buybacks versus pursuing acquisitions? - The company is focused on a balanced approach, considering both growth investments and potential returns to shareholders, while maintaining flexibility for future opportunities [26][29] Question: What is the outlook for the agricultural cycle in 2024 and 2025? - Management emphasized the importance of positioning the business to succeed regardless of the agricultural cycle, focusing on strong asset performance and diversification [30][33] Question: Can you discuss the impact of the renewable segment and carbon sequestration initiatives? - The company is actively planning for carbon sequestration projects and is focused on enhancing ethanol plants to participate in future sustainable aviation fuel markets [39][41] Question: What are the expectations for growth in the renewable diesel feedstock business? - The company anticipates continued growth in the renewable diesel feedstock business, aiming for £2 billion in sales by 2025, while acknowledging potential market fluctuations [42][44] Question: How is the merchandising business performing with current corn prices? - The merchandising business remains steady, with opportunities to add value through customer collaboration, despite lower commodity prices [46][49]

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 ...