Andersons Inc Stock Price, News & Analysis

The Andersons, Inc. (ANDE) reported strong financial results for Q2 2022. Net income attributed to the company reached $80.5 million or $2.34 per diluted share, reflecting a significant increase from Q2 2021. Adjusted EBITDA stood at $169.3 million, with the Renewables segment generating record pretax income of $45.9 million. The Plant Nutrient and Trade segments also showed robust performance. Operating cash flows remained strong, with long-term debt at 1.5 times EBITDA, positioning the company well for strategic growth.

The Andersons, Inc. (Nasdaq: ANDE) will release its Q2 2022 financial results on August 2, 2022, at 4 p.m. EDT. A webcast to discuss the results will be held on August 3, 2022, at 11 a.m. EDT. Investors can participate via phone by dialing 888-317-6003 (U.S.) or 412-317-6061 (international) using entry number 4313758. A replay of the webcast will be available on the company's Investor Relations page following the event. The Andersons, a diversified agricultural company, has been recognized on Forbes and Newsweek's lists for employer excellence and trust.

The Andersons, Inc. (Nasdaq: ANDE) has completed the sale of its railcar repair business to Cathcart Rail, finalizing its exit from the rail segment. This strategic move aligns with their focus on core agricultural verticals, specifically grain and fertilizer. The sale enhances financial flexibility, enabling further debt reduction and investments in growth opportunities. Cathcart Rail's acquisition of the railcar repair network expands its service offerings, making it a leading railcar services company across the nation. The transition marks a significant shift for both companies.

The Andersons, Inc. (Nasdaq: ANDE) has declared a third quarter 2022 cash dividend of $0.18 per share, payable on July 22, 2022, to shareholders on record as of July 1, 2022. This marks the company's 103rd consecutive quarterly cash dividend since its listing on Nasdaq in February 1996. The Andersons celebrates 75 years of operation and has received accolades for being among America's Best Employers and Most Trusted Companies for 2022.

The Andersons, Inc. (Nasdaq: ANDE) will present at the BMO Capital Markets Global Farm to Market Conference on May 18, 2022, at 2 p.m. EDT. Executive Vice President and CFO Brian Valentine, along with President of Trade and Processing Bill Krueger, will represent the company. The presentation will be available via live webcast, and a recording will be accessible shortly after the event. The Andersons celebrates 75 years in the industry and is recognized on Forbes® lists for employer excellence and trustworthiness. More details can be found on their website.

The Andersons, Inc. (Nasdaq: ANDE) announced the agreement to sell its railcar repair business to Cathcart Rail, expected to close in summer 2022. This strategic decision aims to enhance focus on core agricultural sectors, specifically grain and fertilizer, while also improving the company's balance sheet. The sale is anticipated to increase financial flexibility and support future investments. CEO Pat Bowe emphasized the goal of strengthening shareholder returns through this exit from the rail segment.

The Andersons reported Q1 2022 financial results with a net income of $6.1 million, or $0.18 per diluted share. EBITDA reached $55.8 million. The Plant Nutrient segment achieved record pretax income of $10.7 million, while Renewables generated $5.5 million in pretax income despite a marked market loss of $8.3 million. Trade segments experienced a decline due to market disruptions, reporting $3.7 million in pretax income. The company amended its credit agreement, extending maturity to 2027, while navigating high fertilizer prices and tight market supplies.