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The Andersons, Inc. (Nasdaq: ANDE) is a diversified company rooted in the agriculture sector. Founded by Harold Anderson and his family, the company's mission was to simplify the agricultural process for regional farmers, and it has since grown into a publicly traded entity with a wide array of business interests. The Andersons operates through three main segments: Trade, Renewables, and Nutrient & Industrial.
Trade Segment: This segment focuses on the merchandising and transportation of various agricultural commodities, including whole grains, grain products, feed ingredients, and domestic fuel products. It generates the majority of The Andersons' revenue, primarily from the United States but also from international markets such as Canada, Mexico, Egypt, and Switzerland.
Renewables Segment: This segment deals with ethanol production and renewable diesel feedstock merchandising. The Renewables segment has seen significant growth, reporting record pretax income in recent quarters due to strong operational performance and advantageous market conditions.
Nutrient & Industrial Segment: This segment focuses on the production and distribution of plant nutrients and industrial products. It has shown improvement in recent periods, driven by increased volumes and margins in its agricultural product lines.
Recent achievements include being named to Forbes' list of America's Best Small Companies for 2023 and Newsweek's list of America's Greatest Workplaces for Diversity 2023. The company continues to prioritize extraordinary service, integrity, and community support through its 3,000 employees.
The Andersons is also actively expanding its portfolio. They recently announced a non-binding letter of intent to purchase an ownership interest in Skyland Grain, LLC, which operates in Kansas, Oklahoma, Colorado, and Texas. This aligns with their strategy of better connecting North American agricultural supply to global markets.
Financially, The Andersons maintains a robust balance sheet, generating significant cash flows and keeping its long-term debt to EBITDA ratio well below its target of less than 2.5 times. The company has a strong capacity for growth, supported by disciplined financial management and strategic investments.
The Andersons (ANDE) reported its Q4 and full-year 2024 financial results. The company achieved full-year net income of $114 million ($3.32 per diluted share) and adjusted net income of $117 million ($3.40 per diluted share). Q4 net income was $45 million ($1.31 per diluted share).
The Trade segment posted record Q4 pretax income of $54 million, while Renewables reported pretax income of $25 million. The company maintained a strong balance sheet with $562 million in cash. Trade benefited from an early harvest and higher-quality grain accumulation, while Renewables saw solid performance despite lower ethanol prices compared to 2023.
The company generated $269 million in cash from operating activities in Q4 2024 and $332 million for the full year. The long-term debt to adjusted EBITDA ratio stands at 1.8 times, below the target of 2.5 times.
The Andersons (Nasdaq: ANDE) has declared a quarterly cash dividend of $0.195 per share for the second quarter of 2025. The dividend will be payable on April 22, 2025, to shareholders of record as of April 01, 2025. This marks the company's 114th consecutive quarterly dividend since its Nasdaq listing in February 1996.
The Andersons, recognized in 2024 as one of The Americas' Fastest Growing Companies by the Financial Times and one of America's Climate Leaders by USA Today, operates in the agribusiness and renewable sectors. The company maintains its commitment to customer service, employee development, community support, and increasing company value.
The Andersons (Nasdaq: ANDE) has announced it will release its fourth quarter and full year 2024 financial results after 4 p.m. Eastern on Tuesday, February 18, 2024. The company will hold a webcast the following day, Wednesday, February 19, at 8:30 a.m. Eastern, to discuss the results and provide a company update.
Investors can participate via phone by dialing 888-317-6003 (U.S. toll-free) or 412-317-6061 (international) using elite entry number 3381023. Alternatively, they can watch the webcast at the provided link. A replay will be available on the company's Investors page.
The Andersons (Nasdaq: ANDE) has announced a first quarter 2025 cash dividend of $0.195 per share, payable on January 23, 2025, to shareholders of record as of January 02, 2025. This represents a 3% increase from the previous quarter's dividend of $0.19 per share, reflecting strong cash generation despite shifting agricultural markets. This marks the company's 113th consecutive quarterly dividend since its Nasdaq listing in February 1996. The Andersons, recently recognized on Forbes' list of America's Most Successful Small Companies and Newsweek's list of America's Most Responsible Companies, operates in commodity merchandising, renewables, and nutrient & industrial sectors.
The Andersons (ANDE) has announced a strategic reorganization, appointing Weston Heide and Mark Simmons as Executive Vice Presidents to lead its newly structured Agribusiness and Renewables segments, effective January 1, 2025. The company is transitioning to a two-segment operating structure, combining the former Nutrient & Industrial and Trade segments into Agribusiness, while maintaining the Renewables segment separately.
Both executives joined The Andersons in 2019 through the Lansing Trade Group acquisition. Heide, currently senior VP of trade and processing, brings 15 years of agribusiness experience. Simmons, currently VP for renewables, contributes over 25 years of agriculture and renewables industry expertise. The reorganization aims to streamline operations, enhance collaboration, and deliver a unified company experience. Financial reporting will maintain the current structure through 2024, with the new structure beginning Q1 2025.
The Andersons (Nasdaq: ANDE) has announced its participation in the Stephens Annual Investment Conference on Wednesday, November 20, 2024. President and CEO Bill Krueger, along with Executive VP and CFO Brian Valentine, will deliver a presentation at 8 a.m. Central Time. The presentation will be accessible through a live webcast at the provided link, with a recording available for a time afterward.
The Andersons (ANDE) reported strong Q3 2024 financial results with net income of $27 million, or $0.80 per diluted share. The company achieved record Q3 adjusted EBITDA of $97 million. Renewables segment posted its best-ever Q3 pretax income of $53 million, while Trade segment generated increased year-over-year pretax income of $26 million. The company recently closed an $85 million investment for 65% ownership in Skyland Grain, , expanding its geographic footprint across Southwest Kansas, Eastern Colorado, and Texas/Oklahoma panhandles. The company maintains a strong balance sheet with debt-to-EBITDA ratio below 2.5x.
The Andersons (Nasdaq: ANDE) has acquired majority ownership in Skyland Grain, , expanding its grain and fertilizer operations across Kansas, Oklahoma, Colorado, and Texas. Skyland operates over 50 grain and agronomy locations, serving more than 7,000 active co-op members. The acquisition strengthens The Andersons' presence in a region with the fastest-growing feed demand in the country. The merger combines Skyland's local market expertise and assets in grain, agronomy, cotton, and fuel with The Andersons' extensive merchandising network, doubling the size of their retail farm center business and enhancing buying power across the North American agricultural supply chain.
The Andersons (Nasdaq: ANDE) has signed a long-term lease agreement at Port Houston and will expand its facility for soybean meal exports. The facility upgrades include rail-based soybean meal unload access, a new conveyance system, and a ship loading tower to enhance efficiency. The Houston facility, with 6.3 million bushels storage capacity, currently exports over two million metric tons of grain annually and will add 22,000 metric tons storage for soybean meal. The expansion aims to meet increasing domestic soybean crush demand driven by renewable fuels growth.
The Andersons, Inc. (Nasdaq: ANDE) has announced the release date for its third quarter 2024 financial results. The company will disclose the results after 4 p.m. Eastern Time on Monday, November 4, 2024. Following this, The Andersons will host a webcast on Tuesday, November 5, 2024, at 11 a.m. Eastern Time to discuss the results and provide a company update.
For those interested in participating, there are two options:
- Listen over the phone by dialing 888-317-6003 (U.S. toll-free) or 412-317-6061 (international toll) using elite entry number: 2387329
- Watch the webcast at https://app.webinar.net/Bz3omkN6Ver
A replay of the webcast will be available on the Investors page of www.andersonsinc.com for those unable to attend the live event.
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