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) announced on April 21, 2023, that ELEMENT, LLC, a joint venture where The Andersons holds a 51% stake, was placed into receivership as of April 18, 2023. The ELEMENT ethanol plant in Colwich, Kansas, is currently in an extended maintenance shutdown, and all future operating decisions will be overseen by a court-appointed receiver.
The challenges faced by the plant include operational difficulties and adverse market conditions, particularly regarding the California Low Carbon Fuel Standard credit markets. ELEMENT failed to make a required debt payment in February 2023, but the debt is non-recourse to The Andersons. The company anticipates a non-cash pretax impairment charge of approximately $85-$95 million, with 51% attributed to its ownership in ELEMENT. Despite these developments, The Andersons does not expect any impact on its long-term EBITDA targets.
The Andersons, Inc. (Nasdaq: ANDE) has announced the upcoming release of its first-quarter financial results for 2023, scheduled for May 2, 2023, post 4 p.m. EDT. A webcast is set for May 3, 2023, at 11 a.m. EDT, to discuss these results and provide an updated company overview. Following its recognition by Forbes as one of America's Best Small Companies for 2023, The Andersons operates across multiple sectors including commodity merchandising, renewables, and plant nutrients. The company emphasizes its commitment to customer service, employee growth, and community support. More information will be available on their official website.
The Andersons, Inc. (NASDAQ: ANDE) has announced a cash dividend of $0.185 per share for the second quarter of 2023, to be paid on April 24, 2023. Shareholders of record by April 3, 2023 will be eligible for this payment. This marks the company's 106th consecutive quarterly dividend since becoming publicly listed in February 1996. The Andersons operates across various sectors, including commodity merchandising and renewables, and has been recognized for its commitment to diversity and community support. For further details, visit www.andersonsinc.com.
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