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 ...

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 ...

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 ...

Financial Performance - Sales and merchandising revenues decreased from $4020 million to $2795 million[10] - Gross profit decreased from $222 million to $175 million[10] - Pretax income decreased from $104 million to $57 million[10] - Adjusted EBITDA decreased from $144 million to $98 million[10] Segment Highlights - **Trade:** Revenues decreased from $2697 million to $1758 million, and adjusted EBITDA decreased from $27 million to $24 million[17] - **Renewables:** Revenues decreased from $878 million to $686 million, and adjusted EBITDA decreased from $74 million to $52 million[21] - **Nutrient & Industrial:** Revenues decreased from $446 million to $351 million[23] Liquidity - The company had $530 million cash on hand as of June 30, 2024[12] - The company maintains a long-term debt-to-EBITDA ratio below 2.5x, currently at 1.6x[14]

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 ...

FIRST QUARTER EARNINGS CALL May 8, 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 prospectuse ...

The Andersons, Inc. (NASDAQ:ANDE) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Michael Hoelter - Vice President-Corporate Controller & Investor Relations Patrick Bowe - President & Chief Executive Officer Brian Valentine - Executive Vice President & Chief Financial Officer Bill Krueger - Chief Operating Officer Conference Call Participants Ben Bienvenu - Stephens, Inc. Benjamin Klieve - Lake Street Capital Markets Scott Fortune - Roth MKM Operator Good morning, ladies and ge ...

Sales and Revenue Performance - Trade segment's sales and merchandising revenues decreased by $983.9 million, resulting in a gross profit decline of $38.9 million compared to the prior year[96]. - Renewables operating results increased by $53.9 million compared to the prior year, with gross profit rising by $10.8 million despite a $182.5 million decrease in sales and merchandising revenues[98]. - Nutrient & Industrial segment operating results increased by $8.6 million, with sales and merchandising revenues up by $3.4 million and gross profit increasing by $8.4 million due to margin improvements[100]. Agricultural Inventory and Production - Agricultural inventories on hand were 106.7 million bushels as of March 31, 2024, compared to 99.6 million bushels a year earlier[88]. - Ethanol volumes shipped were 185,826 thousand gallons for the three months ended March 31, 2024, slightly down from 186,566 thousand gallons in the prior year[90]. - Total tons sold in the Ag Supply Chain segment increased from 170 thousand to 199 thousand year-over-year[92]. - The company expects strong demand for agricultural products if planting conditions improve, despite current delays due to wet and cold weather[91]. Financial Position and Cash Flow - Working capital as of March 31, 2024, was $1,130.6 million, an increase of $192.5 million from the prior year, primarily due to a decrease in current liabilities by $1,029.0 million[107][109]. - Cash and cash equivalents increased by $213.0 million to $283.9 million as of March 31, 2024, while accounts receivable decreased by $423.4 million[108]. - Net cash used in operating activities was $239.6 million for Q1 2024, a decrease from $333.5 million in Q1 2023, indicating improved cash flow management[111]. Investment and Financing Activities - The company expects to invest approximately $150 to $175 million in property, plant, and equipment in 2024, with about 50% allocated to maintaining current facilities[112]. - Financing activities used cash of $98.3 million in Q1 2024, compared to cash provided of $308.8 million in Q1 2023, primarily due to changes in short-term credit facility borrowings[113]. - The company paid dividends of $6.5 million in Q1 2024, slightly up from $6.3 million in the prior period, with a declared cash dividend of $0.190 per common share[113]. Compliance and Liabilities - The company is in compliance with all covenants related to its long-term borrowings as of March 31, 2024, with $1,845.6 million available for borrowing[114]. - Interest expense decreased by $6.2 million due to reduced short-term borrowings and better management of working capital[97].