Andersons Stock Price, News & Analysis
Company Description
The Andersons, Inc. (Nasdaq: ANDE) is a North American agriculture company that conducts business in the agribusiness and renewables sectors. According to its company description in recent earnings materials, The Andersons focuses on agriculture-related operations and is guided by a Statement of Principles that emphasizes service to customers, support for employees and communities, and increasing the value of the company.
Core Business and Segments
Based on information from regulatory filings and public descriptions, The Andersons organizes its activities around agriculture and renewable fuels. Earlier descriptions segment its operations into Trade, Renewables, and Nutrient & Industrial. The Trade segment has been described as engaged in the movement of physical commodities such as whole grains, grain products, feed ingredients, and domestic fuel products, along with other agricultural commodities. The company’s more recent description highlights two primary areas: agribusiness and renewables.
The agribusiness activities are connected to grain and agricultural markets, consistent with its classification in grain and field bean merchant wholesaling. The renewables activities include ethanol-related operations, which play a significant role in the company’s financial results and strategic plans.
Agribusiness Activities
The agribusiness side of The Andersons participates in grain markets and related merchandising and asset-based activities. In its third quarter 2025 results, the company reported that its agribusiness segment generated pretax income and adjusted pretax income attributable to the company, with performance influenced by grain market conditions, trade policy, prices, and volatility. The company has described its agribusiness as benefiting from a balanced asset and merchandising portfolio that can create opportunities in various market conditions, including periods of higher supply and limited volatility.
The Andersons has also discussed investments in its premium food corn business to increase capacity in response to growing customer demand. In addition, it has referenced the integration of assets acquired through Skyland Grain, LLC into its agribusiness segment, which supports its geographic presence and merchandising capabilities.
Renewables and Ethanol Operations
The Renewables segment is a key part of The Andersons’ business. The company reports pretax income and adjusted pretax income attributable to this segment, which includes ethanol plants and related co-products. In 2025, The Andersons completed a transaction to acquire the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC (TAMH) from MPC Investment LLC (Marathon). TAMH consists of four ethanol plants located in Iowa, Indiana, Michigan, and Ohio, with a combined production capacity of 500 million gallons. Prior to acquiring the remaining interest, The Andersons owned 50.1% of TAMH and operated these facilities under a management contract, providing corn origination, ethanol marketing, and risk management services.
Following the acquisition, The Andersons has full ownership of these ethanol plants and has indicated that it is evaluating and implementing enhancements to improve ethanol and co-product yields while lowering the carbon intensity of the ethanol produced. The company has also highlighted the importance of efficient, low-carbon-intensity ethanol plants and the role of tax credits related to renewable fuels in its renewables strategy.
Strategic Focus and Growth Initiatives
At its 2025 Investor Day, The Andersons outlined a strategic growth framework that emphasizes accelerating growth, optimizing margin potential, and disciplined capital deployment across the enterprise. The company has identified several focus areas within this framework:
- Investing in strategic growth opportunities across the company, including a capital investment at the Clymers, Indiana, ethanol plant intended to increase ethanol capacity.
- Completing the expansion of an export terminal at the Port of Houston to enable the export of soybean meal to international markets and to enhance the efficiency of existing grain operations.
- Strengthening geographic presence and expanding merchandising capabilities by leveraging opportunities from the Skyland Grain acquisition and integration.
- Enhancing customer loyalty and value by providing customized solutions aligned with evolving market needs.
- Maintaining a focus on efficient, low-carbon-intensity ethanol plants and maximizing the benefits of applicable renewable fuel tax credits.
- Using a disciplined, long-term capital investment strategy aimed at generating strong margins and cash flows.
- Returning capital to shareholders through a balanced approach that includes a long track record of consecutive dividend payments and opportunistic share repurchases.
Capital Allocation and Shareholder Returns
The Andersons places notable emphasis on capital allocation and shareholder returns. The company has highlighted its ability to fund growth projects, including the purchase of the remaining interest in TAMH, largely through cash on hand and existing credit facilities. Management has pointed to strong cash flows and a balance sheet that remains below a stated long-term debt-to-EBITDA target.
Dividend payments are a long-standing feature of The Andersons’ capital return approach. The company has reported more than 25 years of consecutive quarterly cash dividends since its listing on Nasdaq in February 1996. Recent announcements describe 116th and 117th consecutive quarterly cash dividends, illustrating the continuity of this policy over time.
Geographic Footprint
The Andersons is described as a North American agriculture company. Earlier descriptions note that it generates the majority of its revenue from the United States, with additional revenue from Canada, Mexico, Egypt, Switzerland, and other markets. Its ethanol operations through TAMH include plants in Iowa, Indiana, Michigan, and Ohio. The company’s export-related investments, such as the Port of Houston terminal expansion, further connect its agribusiness activities to international markets for products like soybean meal and western grains.
Corporate Structure and Regulatory Status
The Andersons, Inc. is incorporated in Ohio and files reports with the U.S. Securities and Exchange Commission under Commission File Number 000-20557. It trades on the Nasdaq under the symbol ANDE. The company has filed multiple current reports on Form 8-K and amendments to those reports in connection with material events such as acquisitions, earnings announcements, and changes in its board of directors or executive leadership. These filings provide additional detail on its transactions, financial performance, and governance.
Governance and Leadership Developments
Recent disclosures show ongoing updates to the company’s leadership and board. For example, the board of directors elected a new director, Steven Oakland, with experience in the food and beverage industry and service on other public company boards. The Andersons has also announced the appointment of a new executive vice president, general counsel, and corporate secretary, reflecting continued attention to legal, compliance, and governance functions.
Investor Communications
The Andersons communicates with investors through earnings releases, conference calls, and events such as its Investor Day. It has announced participation in investment conferences and provides live and archived webcasts of its presentations and earnings calls. These communications often discuss segment performance, capital allocation, tax credit impacts, and long-range financial targets, as well as provide context on market conditions in agriculture and renewable fuels.
Business Classification
In industry classification terms, The Andersons is associated with grain and field bean merchant wholesaling within the wholesale trade sector. Its activities span commodity merchandising, grain and agricultural services, and renewable fuels production, aligning with its description as an agriculture company operating in agribusiness and renewables.
Long-Term Orientation
Across its public statements, The Andersons emphasizes a long-term orientation grounded in its Statement of Principles. The company references its commitment to extraordinary service, employee development, community support, and shareholder value. Its focus on disciplined capital deployment, recurring dividends, and investments in assets such as ethanol plants and export terminals reflects this long-term approach in both agribusiness and renewables.