Welcome to our dedicated page for Andersons news (Ticker: ANDE), a resource for investors and traders seeking the latest updates and insights on Andersons stock.
Andersons Inc (ANDE) is a diversified agribusiness leader specializing in commodity merchandising, ethanol production, and nutrient solutions. This page provides real-time news and official announcements critical for understanding the company's market position and operational developments.
Access curated press releases, financial updates, and strategic partnership announcements in one centralized location. Our repository ensures investors and industry professionals stay informed about ANDE's grain trade innovations, renewable energy initiatives, and industrial product advancements.
Key coverage includes earnings reports, facility expansions, sustainability efforts, and leadership changes. All content is sourced directly from company filings and verified industry publications to maintain accuracy.
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The Andersons, Inc. (Nasdaq: ANDE) will announce its first quarter 2021 financial results on May 4, 2021, after 4 p.m. EDT. A webcast to discuss these results will take place the next day at 11 a.m. EDT. Investors can access the conference via phone or through the company's website. Founded in 1947 and based in Maumee, Ohio, The Andersons operates in commodity trading, ethanol, plant nutrients, and rail sectors, emphasizing customer service and community support.
The Andersons, Inc. (Nasdaq: ANDE) has declared a cash dividend of 17.5 cents ($0.175) per share for the second quarter of 2021, payable on April 21, 2021. This dividend will benefit shareholders of record as of April 1, 2021. This marks the company's 98th consecutive quarterly dividend since its Nasdaq listing in February 1996. Additionally, The Andersons will celebrate its 25th anniversary on Nasdaq by ringing the closing bell remotely on February 22, 2021.
The Andersons, Inc. (Nasdaq: ANDE) reported a net income of $16 million, or $0.48 per diluted share, for Q4 2020, showing a significant year-over-year improvement. Adjusted net income was $19.4 million, driven by strong merchandising results in the Trade segment, which posted a pretax income of $28.3 million. However, the Ethanol segment faced challenges, recording a pretax loss of $3.5 million due to market pressures and a $6.6 million non-cash charge. Plant Nutrient achieved its best year since 2014 with $3.2 million in pretax income. The company also reduced long-term debt by $100 million, aiming for an additional $200 to $250 million reduction by 2023.
The Andersons, Inc. (Nasdaq: ANDE) will announce its financial results for the fourth quarter and full year 2020 on February 16, 2021, at 4 p.m. EST. The company will also host a webcast on February 17, 2021, at 11 a.m. EST to discuss the results and provide an update. Investors can listen by phone or watch the webcast through the company’s investor relations page.
The Andersons, Inc. (Nasdaq: ANDE) has announced organizational changes within its Trade and Processing group, appointing Scott Mills and Jim Pirolli as senior vice presidents. Mills will oversee operations in the Western Corn Belt and specialty foods, while Pirolli will lead the ethanol business and manage Eastern grain activities. These changes aim to enhance operational efficiency and support growth in 2021 and beyond. The leadership transition follows the integration of Lansing Trade Group and Thompsons Limited in 2019.
The Andersons, Inc. (Nasdaq: ANDE) has declared a cash dividend of $0.175 per share for the first quarter of 2021. This dividend is payable on January 20, 2021, to shareholders on record as of January 4, 2021. This marks the 97th consecutive quarterly cash dividend since the company went public in February 1996.
The Andersons, Inc. (NASDAQ: ANDE) held its 2020 Investor Day on December 8, 2020. The leadership team, including CEO Pat Bowe, discussed the company's growth strategies and financial milestones. Key initiatives include margin expansion, innovation, and leveraging specialty market opportunities. The company aims to generate $350 million to $375 million in EBITDA by 2023 and reduce long-term debt by $200 million to $250 million. A target debt-to-EBITDA ratio of less than 2.5x is also set for year-end 2023.
The Andersons reported a net loss of $1.1 million for Q3 2020, or $0.03 per diluted share, although adjusted EBITDA rose 21% to $46.2 million. Trade segment pretax income improved to $5.9 million, driven by better merchandising results during the fall harvest. Ethanol segment maintained profitability at $1.1 million, despite a $6.2 million non-cash mark-to-market charge. Plant Nutrient losses decreased to $5.4 million. The company reduced long-term debt by over $60 million and expects further cost reductions of $10 million starting in 2021, enhancing liquidity.
The Andersons, Inc. (Nasdaq: ANDE) is set to release its financial results for Q3 2020 on November 3, 2020, after 4 p.m. EST. A webcast will follow the next day at 11 a.m. EST, where the company will discuss its results and provide updates. Founded in 1947 in Maumee, Ohio, The Andersons operates in diverse sectors, including commodity trading, ethanol, plant nutrients, and rail. The company aims to enhance value for customers and shareholders alike.
The Andersons, Inc. (Nasdaq: ANDE) will host a virtual investor day on December 8, 2020, featuring President and CEO Pat Bowe and CFO Brian Valentine. The event will provide an overview of the company, its long-term vision, and strategic financial objectives. Attendees can expect two Q&A sessions and the opportunity to join a live webcast, with a replay available afterward on the Investors page of their website. More details will be released in the coming weeks.
