Andersons Inc Stock Price, News & Analysis

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.

The Andersons, Inc. (Nasdaq: ANDE) will release its first-quarter financial results for 2022 on May 3, 2022, after 4 p.m. EDT. A webcast to discuss these results and provide updates will take place on May 4, 2022, at 11 a.m. EDT. Investors can access the call via phone or watch the livestream online. The company, which has been recognized in Forbes® list of America's Best Employers for 2022, operates in the agricultural sector, focusing on commodities, renewables, and plant nutrients.

Indigo Agriculture has partnered with The Andersons (Nasdaq: ANDE) to manage its remaining legacy grain contracts, marking a shift from digital merchant to digital merchandising application provider. This move supports Indigo's goal to enhance profitability and efficiency across the agricultural supply chain. The partnership allows Indigo to directly connect stakeholders while leveraging science and digital innovation to benefit farmers and agribusiness. Both companies emphasize a commitment to sustainability and support for farmers, reinforcing their positions in the evolving agricultural industry.

The Andersons, Inc. (Nasdaq: ANDE) has declared a second quarter 2022 cash dividend of $0.18 per share, payable on April 22, 2022. Shareholders on record as of April 1, 2022 will be eligible for this dividend. Notably, this marks the company's 102nd consecutive quarterly cash dividend since its Nasdaq listing in February 1996, demonstrating its commitment to returning value to shareholders while celebrating 75 years of service in the agriculture sector.