Andersons Inc Stock Price, News & Analysis

The Andersons, Inc. (Nasdaq: ANDE) announced the acquisition of Capstone Commodities, LLC, a provider of feed ingredients for dairies, feed mills, and exporters primarily in the southwestern United States. This strategic move aims to enhance The Andersons' feed ingredient portfolio and geographic reach. Eric Watts, vice president of The Andersons Trade and Processing, expressed enthusiasm about the acquisition, highlighting its alignment with the company's vision to be a leading North American ag supply chain company. Capstone will operate as a wholly owned subsidiary under its own name.

The Andersons, Inc. (Nasdaq: ANDE) has announced a new share repurchase program, authorizing up to $100 million for the buyback of its common stock. This initiative, approved by the Board of Directors, underscores the company's commitment to maximizing shareholder value while maintaining a flexible capital allocation strategy. The program will be conducted through open market transactions over a period of three years, depending on market conditions and stock price.

The Andersons, Inc. (Nasdaq: ANDE) declared a cash dividend of 17.5 cents ($0.175) per share for the fourth quarter of 2021. Shareholders of record as of October 1, 2021 will receive the dividend on October 22, 2021. This marks the company's 100th consecutive quarterly dividend since its Nasdaq listing in February 1996, underscoring its commitment to returning value to shareholders.

American Industrial Transport, Inc. (AITX) has acquired the railcar leasing business of The Andersons, Inc. (ANDE) for approximately $550 million in cash. This acquisition allows AITX to expand its leasing fleet to around 60,000 railcars, enhancing its ability to service diverse industries. AITX plans to hire most employees from the acquired business, aiming to provide a comprehensive railcar leasing platform. The Andersons stated that selling this segment will allow it to focus on its core agricultural business, thereby improving its balance sheet and enhancing shareholder returns.

The Andersons, Inc. (Nasdaq: ANDE) has sold its railcar leasing business to American Industrial Transport, Inc. for approximately $550 million in cash. This strategic move allows the company to focus on its core agricultural segments, enhancing financial flexibility and enabling further debt reduction. The Andersons plans to market its railcar repair business, which includes 29 facilities across the U.S. Proceeds from the sale will be used to pay down debt and support future growth investments while maintaining returns to shareholders.

The Andersons, Inc. (Nasdaq: ANDE) reported strong Q2 2021 financial results, with net income of $43.5 million, or $1.30 per diluted share, marking a significant year-over-year increase. Adjusted EBITDA reached record levels at $118.1 million, up $48.1 million from last year. Key segments contributing to this success included Trade, Ethanol, and Plant Nutrient, with pretax incomes of $14.1 million, $23.5 million, and $24.0 million respectively. The company also reduced its long-term debt by over $69 million and maintains solid liquidity, positioning itself favorably for future growth.

The Andersons, Inc. will publish its second-quarter financial results on August 3, 2021, after 4 p.m. EDT. A subsequent webcast to discuss these results will take place on August 4, 2021, at 11 a.m. EDT. Participants can join by phone or through a webcast link. Founded in 1947 and based in Maumee, Ohio, The Andersons operates in agriculture, commodity trading, ethanol, rail, and plant nutrient sectors. Investors can find more on the company’s website.

The Andersons, Inc. (Nasdaq: ANDE) has declared a third-quarter 2021 cash dividend of 17.5 cents ($0.175) per share. This dividend will be paid on July 22, 2021, to shareholders on record as of July 6, 2021. This marks the company's 99th consecutive quarterly cash dividend since its Nasdaq listing in February 1996. The Andersons, founded in 1947 and based in Maumee, Ohio, operates in various sectors including commodity trading, ethanol, and plant nutrients.

On May 17, 2021, The Andersons, Inc. (Nasdaq: ANDE) announced its participation in the BMO Capital Markets Global Farm to Market Conference. The virtual presentation is scheduled for May 19, 2021, at 2 p.m. EDT, featuring President & CEO Pat Bowe and Executive Vice President & CFO Brian Valentine. Investors can access the live webcast at this link, with a recording available for later viewing. The Andersons has a strong agricultural foundation, focusing on various sectors including commodity trading and ethanol.