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.
The Andersons, Inc. (Nasdaq: ANDE) is a North American agriculture company active in agribusiness and renewables, and its news flow reflects developments across grain markets, renewable fuels, and corporate strategy. This page aggregates ANDE news items drawn from company press releases and regulatory disclosures, giving readers a centralized view of how the business evolves over time.
Recent news about The Andersons includes announcements of quarterly and annual financial results, where the company reports segment performance for agribusiness and renewables and discusses factors such as grain market conditions, ethanol demand, and the impact of renewable fuel tax credits. Earnings releases often highlight pretax income, adjusted results, cash flows, and commentary from management on operating performance and market fundamentals.
Corporate and strategic updates are another key category of ANDE news. The company has announced a strategic growth framework at its Investor Day, including investments in its Clymers, Indiana, ethanol plant to increase capacity, expansion of its export terminal at the Port of Houston to support soybean meal and grain exports, and integration of Skyland Grain assets. News items also cover capital allocation priorities, such as the acquisition of the remaining ownership interest in The Andersons Marathon Holdings LLC, and the company’s long-standing practice of paying consecutive quarterly cash dividends.
Governance and leadership developments feature in the news as well, including the election of new directors to the board and the appointment of senior executives in legal and corporate roles. Investors can also find announcements about upcoming conference presentations, Investor Day events, and webcasts where management provides additional detail on strategy and financial objectives. For readers following ANDE, this news page offers an organized feed of company-specific updates related to agriculture, grain merchandising, and renewable fuels.
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.
The Andersons, Inc. (Nasdaq: ANDE) has announced a significant leadership change. Bill Krueger, the current Chief Operating Officer, will succeed Pat Bowe as President and CEO effective October 1, 2024. Krueger will also join the company's Board of Directors, while Bowe will remain as Chairman of the Board.
Under Bowe's leadership since 2015, The Andersons achieved record revenue of nearly $17 billion in 2022 and grew adjusted EBITDA from $120 million to over $400 million by 2023. The company also maintained its track record of 112 consecutive dividends.
Krueger, who joined The Andersons in 2019 through the acquisition of Lansing Trade Group, brings extensive experience in the agricultural supply chain and commodity industry. He expressed eagerness to explore new opportunities and further strengthen the company's 77-year legacy.
The Andersons, Inc. (Nasdaq: ANDE) has announced two significant financial decisions. Firstly, the company declared a fourth quarter 2024 cash dividend of $0.19 per share, payable on October 22, 2024, to shareholders of record as of October 1, 2024. This marks the company's 112th consecutive quarterly cash dividend since its Nasdaq listing in 1996.
Secondly, the board of directors has authorized a $100 million share repurchase program for outstanding company common stock. The program will be effective for three years, with shares to be repurchased in open market transactions based on stock price and market conditions. CEO Pat Bowe emphasized that this program provides an additional opportunity to return cash to shareholders while maintaining flexibility for core business growth.
The Andersons (Nasdaq: ANDE) reported Q2 2024 results with net income of $36M, or $1.05 per diluted share, and adjusted net income of $39M, or $1.15 per diluted share.
Adjusted EBITDA was $98M.
Segment highlights include:
- Renewables: Pretax income of $39M on strong ethanol performance, but lower than last year due to co-product value declines.
- Trade: Pretax income of $5M, benefiting from improved wheat storage and premium ingredients business.
- Nutrient & Industrial: Pretax income of $23M, impacted by lower nutrient prices and delayed application season.
Despite lower commodity prices, cash flow remains strong with $304M generated from operations. The company continues to reduce debt and focuses on growth opportunities, including the acquisition of Skyland Grain
Overall, pretax income for Q2 was $57.3M, down from $104.4M YoY, while adjusted pretax income was $44.9M, down from $72.5M YoY.
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