MAUMEE, Ohio, Sept. 3, 2025 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE), announced today that it will host an Investor Day on Tuesday, December 9, 2025, in New York City. About The Andersons, Inc. President and Chief Executive Officer Bill Krueger, Executive Vice President and Chief Financial Officer Brian Valentine, and other members of the executive management team will provide a comprehensive overview of the company's strategic vision and an in-depth review of its businesses, culture, capital allo ...

Core Viewpoint - The Andersons, Inc. has appointed Steven Oakland to its board of directors, effective August 21, 2025, enhancing its leadership with his extensive experience in the food and beverage industry [1][3]. Company Overview - The Andersons, Inc. is a North American agriculture company engaged in agribusiness and renewables sectors, committed to providing exceptional service, supporting employees and communities, and increasing company value [6]. Leadership Experience - Steven Oakland is the chairman, CEO, and president of TreeHouse Foods, Inc., the largest private label food and beverage producer in North America, with a significant manufacturing presence in the U.S. and Canada [2][3]. - Oakland has nearly 40 years of experience in the food and beverage industry, including senior roles at The J.M. Smucker Company, where he held various leadership positions [4]. Board Experience - Oakland has served on multiple boards, including Foot Locker from 2014 to 2025, and is currently on the boards of TreeHouse Foods, Inc. and FMI, The Food Industry Association [5]. Strategic Growth Focus - The chairman of The Andersons, Pat Bowe, expressed confidence in Oakland's industry knowledge and leadership experience, indicating that his addition to the board aligns with the company's focus on strategic growth opportunities [6].

Financial Data and Key Metrics Changes - Sadat Group reported its fifth consecutive quarter of positive net income and positive EBITDA in Q2 2025, marking a significant turnaround from previous losses as a restaurant-only concept [6][7] - Revenue for Sadat Agri Foods in Q2 2025 was $114.4 million, a decrease of $58.9 million or 34% compared to Q2 2024, primarily due to selective trading with more favorable margins [21] - Gross profit improved to 4.4% in Q2 2025 from 3.3% in Q2 2024, an increase of 100 basis points attributed to higher margin trades [21] - Net income attributable to Sadat Group was $400,000 in Q2 2025, with EBITDA reported at CAD 1.7 million [21] - The company had a cash balance of $400,000 and a working capital surplus of $24.2 million [22] Business Line Data and Key Metrics Changes - The company completed 26 transactions representing over 200,000 metric tons of product shipped in Q2 across seven different countries [21] - SG&A expenses increased to £2.8 million, up £1.1 million from the previous year, mainly due to reclassifying some expenses [22] Market Data and Key Metrics Changes - The company announced a strategic investment in a carbon project in Indonesia, assigning approximately $13.4 million of accounts receivable to acquire a 37.5% equity stake in a local entity focused on carbon credits [23] Company Strategy and Development Direction - Sadat Group's strategy focuses on five core pillars: geographic and vertical expansion, operational efficiency, margin improvement, technological integration, and leadership excellence [12][13] - The company aims to modernize its operations through AI and data-driven technologies, enhancing decision-making capabilities across the trading lifecycle [11][12] - Sadat Group is transitioning from a restaurant-focused business to a diversified technology-enabled global agribusiness [12][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of transitioning from a restaurant company to a global agriculture player, emphasizing the importance of skilled personnel in finance and technology [30] - The company is committed to divesting its restaurant holdings to focus on core agricultural operations and drive long-term shareholder value [31] Other Important Information - The company raised $2.5 million due to delays in collecting receivables and closing the sale of restaurants, indicating a non-toxic equity deal without warrants [28] - Management expressed confidence in the company's ability to navigate tariff concerns, noting that only a small percentage of trades are conducted with the United States [29] Q&A Session Summary Question: What is the status on the sale of the restaurants? - Management expressed dissatisfaction with the slow progress but confirmed they are in the final stages of negotiations with strong candidates for acquisition [26][27] Question: Why did the company recently raise $2.5 million and what are the proceeds being used for? - The capital was raised due to delays in collecting receivables and closing the sale of restaurants, structured as a straight equity deal [28] Question: How do tariffs affect Sadat Group? - Management indicated that only a small percentage of trades are with the U.S., allowing flexibility to avoid tariffs by moving transactions globally [29] Question: Why have there been so many changes in the board and management? - The changes are part of the strategic pivot from a restaurant company to an international player in the food supply chain, requiring specific skill sets [30]

Core Viewpoint - Alico, Inc. has completed its final major citrus harvest, marking a significant step in its strategic transformation into a diversified land company, with a focus on land development and diversified usage strategies [2][25]. Financial Performance - The company reported third-quarter revenues of $8.39 million, a decrease of 38.4% from $13.61 million in the same quarter of 2024 [3]. - Alico experienced a net loss attributable to common stockholders of $18.29 million for the third quarter, compared to a loss of $2.04 million in the prior year, reflecting a 794.8% increase in losses [3][5]. - EBITDA for the third quarter was $19.20 million, significantly up from $1.34 million in the same quarter of 2024 [5]. - The company generated $9.3 million from asset sales in the third quarter, exceeding its land sales target [1]. Strategic Developments - The Florida Legislature approved the creation of the Corkscrew Grove Stewardship District, which will aid in financing infrastructure and managing natural areas for Alico's Corkscrew Grove Villages development project [2][21]. - Alico's working capital was reported at $50 million with a current ratio of 9.37 to 1 as of June 30, 2025 [19]. - The company plans to develop Corkscrew Grove Villages on approximately 4,660 acres, which will include residential, commercial, and conservation areas [18][20]. Land Management and Other Operations - Revenue from Land Management and Other Operations increased by 56.8% for the third quarter compared to the previous year, driven by higher rock and sand royalty income [10]. - Operating expenses in this segment rose by 69.0% for the third quarter, primarily due to increased sod sales [11]. Harvest and Production - Alico Citrus harvested approximately 2.1 million pound solids of fruit in the third quarter, down from 4.3 million in the same period last year, largely due to fruit drop from Hurricane Milton [7][8]. - The average price per pound solids increased by $0.81 for the third quarter compared to the previous year, attributed to favorable pricing in contracts with Tropicana [8]. Corporate Governance and Financial Health - General and administrative expenses increased by $0.4 million for the third quarter, mainly due to higher employee costs and legal fees related to the strategic transformation [13]. - The company paid a cash dividend of $0.05 per share on July 11, 2025 [17].

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Financial Data and Key Metrics Changes - The company reported adjusted earnings per share of $0.93 and total segment operating profit of $830 million for the quarter [4] - The trailing fourth quarter adjusted return on invested capital (ROIC) was 6.9% and cash flow from operations before working capital changes was $1.2 billion for the first half of the year [4][22] - The company expects adjusted earnings per share to be approximately $4 for the full year 2025, tightening its previous guidance [12][10] Business Line Data and Key Metrics Changes - The Ag Services and Oilseeds (AS and O) segment operating profit was $379 million, down 17% year-over-year, primarily due to legislative and biofuel policy uncertainties impacting margins [13] - The Carbohydrate Solutions segment operating profit was $337 million, down 6% compared to the prior year quarter, with starches and sweeteners sub-segment operating profit down 6% [18] - The Nutrition segment revenues were $2 billion, up approximately 5% year-over-year, with operating profit at $114 million, up 5% [19][20] Market Data and Key Metrics Changes - North American origination results improved due to higher margins and volumes, while South American origination results declined due to lower volumes and margins [14] - Global executed crush margins for soybeans were approximately $7 per ton lower compared to the prior year quarter, and canola margins were approximately $29 per ton lower [16] - The company anticipates improved AS and O margins will primarily benefit fourth quarter results, projecting global soybean crush margins to be in the range of $60 to $70 per metric ton [25] Company Strategy and Development Direction - The company is focused on cost management, execution excellence, and strategic growth, aiming for $500 million to $750 million in aggregate cost savings over the next three to five years [9][10] - The company is optimizing its asset base and ceasing operations at facilities that do not align with long-term goals, including several origination sites globally [8] - The company is positioned to benefit from favorable biofuel policies and is ready to lead in advancing innovative solutions for renewable fuels [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the dynamic environment and achieve operational momentum by the end of 2025 [12] - The company is closely monitoring customer demand and expects lower volumes in certain areas, but anticipates strong crops in North America and a solid export season [25][31] - Management highlighted the importance of clarity in biofuel policy and legislative support for agriculture, which are expected to create favorable market conditions [32] Other Important Information - The company achieved its best performance in limiting unscheduled downtime in over five years and was recognized as one of America's greatest workplaces in manufacturing [6] - The company has remediated a material weakness in internal controls related to segment disclosures, enhancing transparency and compliance processes [27][60] Q&A Session Summary Question: Earnings split between Q3 and Q4 - Management indicated a potential split of approximately 55% for Q3 and 65% for Q4, with expectations for improved earnings in Q4 due to better margins and production [36][40] Question: Outlook for the Nutrition segment - Management noted that the Decatur East plant's shutdown cost approximately $20 million to $25 million per quarter, which should improve as the plant ramps up [50][92] Question: Clarification on material weakness remediation - Management confirmed that the material weakness has been remediated through enhanced internal controls and ongoing engagement with auditors [60][61] Question: Details on network optimization plan - Management discussed ongoing efforts to optimize the network, including shutting down underperforming facilities and improving operational performance [75][78] Question: Impact of RVO on biodiesel and crush business - Management expressed optimism about the RVO's impact on soybean oil demand and the overall crush business, but noted the need for final confirmations on policy details [66][70]

Financial Data and Key Metrics Changes - The company's reported and adjusted net income for Q2 2025 was $8 million, resulting in earnings per diluted share of $0.23, compared to adjusted net income of $39 million or $1.15 per share in 2024 [14] - Revenues increased slightly due to the addition of Skyland, despite overall lower commodity prices [14] - Adjusted EBITDA for Q2 was $65 million, down from $98 million in 2024 [15] Business Line Data and Key Metrics Changes - The Agribusiness segment reported adjusted pretax income of $17 million, down from $33 million in 2024, with adjusted EBITDA of $46 million compared to $56 million in 2024 [18][20] - The Renewables segment generated pretax income of $10 million, down from $23 million in 2024, with EBITDA of $30 million compared to $52 million last year [21][22] Market Data and Key Metrics Changes - The company noted improved fertilizer results due to increased volume and margin driven by high corn plantings [9] - The wheat harvest was completed, and facilities are prepared for increased corn volumes expected at harvest [9] Company Strategy and Development Direction - The company has acquired its partner's share of four ethanol plants, which is expected to be immediately accretive to EPS and align reported EPS and EBITDA [12][13] - The company is focused on pursuing additional opportunities in ethanol and renewable feedstocks, with plans to improve efficiencies and lower carbon intensity [24][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the second half of the year, anticipating improvements in the Agribusiness segment as the fall harvest approaches [23] - The company is evaluating additional growth projects and acquisitions aligned with its strategy, with a target of achieving a run rate EPS of approximately $4.3 per share by 2026 [27][28] Other Important Information - The company generated cash flow from operations of $43 million in Q2, down from $89 million in 2024, but continues to demonstrate positive cash flows throughout the ag cycle [16] - Capital spending for Q2 was $49 million, up from $29 million in 2024, with expectations to reach $200 million for the year [17] Q&A Session Summary Question: Did the timing of the ethanol transaction correlate with regulatory tailwinds? - Management indicated that while they have been looking at ethanol capacity for eight quarters, the recent regulatory changes did not materially affect the transaction timing [32] Question: Can you characterize the non-strategic exits in the Agribusiness segment? - Management noted a financial impact of about $7 million from minority investments and a few million dollars from the sale of underperforming facilities [34][35] Question: What is the outlook for merchandising and storage in the second half of the year? - Management expects improved opportunities for both merchandising and storage due to a large corn crop [38] Question: Why was acquiring the balance of the ethanol assets the right move now? - Management stated that acquiring the remaining 50% of the ethanol plants allows for better capital deployment and full earnings benefits without integration risk [42] Question: What is the updated outlook for ethanol margins? - Management believes the second half of 2025 will be better than the first half, with opportunities to drive more free cash flow from the plants [49] Question: How does the Port of Houston investment work with lower soybean meal prices? - Management explained that the price of soybean meal will drive it to export parity, making the investment competitive despite lower prices [53] Question: What was the revenue contribution from Skyland in the quarter? - Management reported revenue of about $200 million from Skyland in each of the first two quarters, with a revised EBITDA outlook for the full year of $25 million to $30 million [62]

Financial Performance - Q2 2025 - Sales and Merchandising Revenues reached $3,136 million, compared to $2,795 million in Q2 2024[17] - Gross Profit was $158 million, down from $175 million in Q2 2024[17] - Pretax Income Attributable to ANDE was $16 million, significantly lower than $41 million in Q2 2024[17] - Adjusted EPS was $024, compared to $115 in Q2 2024[17] Strategic Acquisition - Acquired the remaining 499% ownership interest in TAMH for $425 million, with a net purchase price of $385 million after accounting for $40 million of working capital[16] - The acquisition implies an incremental 250 million gallons of ethanol capacity acquired at a net purchase price of $154/gallon[16] Segment Highlights - Agribusiness revenues increased to $2,415 million in Q2 2025 from $2,109 million in Q2 2024[28] - Renewables revenues increased to $721 million in Q2 2025 from $686 million in Q2 2024[34] - Agribusiness pretax income attributable to ANDE decreased to $18 million in Q2 2025 from $29 million in Q2 2024[28] - Renewables pretax income attributable to ANDE decreased to $10 million in Q2 2025 from $23 million in Q2 2024[34]

Core Insights - The Andersons, Inc. reported its financial results for the second quarter ended June 30, 2025, and announced the acquisition of full ownership interest in The Andersons Marathon Holdings LLC (TAMH) [1][2][4]. Strategic Acquisition - The acquisition of TAMH, which operates four ethanol plants with a total annual production capacity of 500 million gallons, aligns with the company's strategy to grow earnings through investments in ethanol [2][4]. - This transaction doubles the company's financial ownership in the ethanol industry, a key growth area within its Renewables strategy, and is expected to provide immediate accretion in earnings per share [2][4][5]. Financial Performance - For Q2 2025, the company reported a pretax income of $24.8 million, down from $57.3 million in Q2 2024, with net income attributable to the company of $7.9 million compared to $36 million in the prior year [7][8]. - Adjusted EBITDA for Q2 2025 was $65 million, a decrease from $98.3 million in Q2 2024 [9][39]. - The company’s cash provided by operating activities was $299 million in Q2 2025, slightly down from $304 million in Q2 2024 [6]. Segment Overview - The Agribusiness segment recorded a pretax income of $19 million, down from $29 million in Q2 2024, while the Renewables segment reported a pretax income of $17 million, down from $39 million in the same period [10][13]. - The Renewables segment's adjusted EBITDA was $30 million in Q2 2025, compared to $52 million in Q2 2024 [17][39]. Cash and Debt Management - The company funded the acquisition of TAMH with cash on hand and existing credit facilities, maintaining a modest level of debt and remaining below its long-term debt to EBITDA target of less than 2.5 times [6][18]. - Cash and cash equivalents at the end of Q2 2025 were $350.97 million, down from $561.77 million at the end of 2024 [26][28]. Future Outlook - The company anticipates a large fall harvest and expects to benefit from increased support for renewable fuels, which may enhance its operational efficiency and profitability [3][12][16].

Core Viewpoint - Alico, Inc. is set to release its financial results for the third quarter ended June 30, 2025, on August 12, 2025, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call on August 13, 2025, at 8:30 am Eastern Time [2] - Interested parties can join the call by dialing specific numbers for the United States and international participants [2] Replay Information - A telephone replay of the conference call will be available approximately three hours after the call concludes, lasting until August 27, 2025 [3] Company Overview - Alico, Inc. is a Florida-based agribusiness and land management company with over 125 years of experience [4] - The company operates approximately 51,300 acres across 8 Florida counties, focusing on strategic land development and diversified agricultural operations [4] - Alico aims to create long-term shareholder value while maintaining a commitment to responsible land stewardship and conservation [4]