Andersons Inc SEC Filings

The Andersons, Inc. (ANDE) reported Q3 2025 results with sales and merchandising revenues of $2,677,712 thousand and net income attributable to The Andersons of $20,138 thousand. Diluted EPS was $0.59 versus $0.80 a year ago. Gross profit was $170,872 thousand while operating, administrative and general expenses rose to $172,554 thousand. Other income, net increased to $38,003 thousand, reflecting property insurance recoveries and $20,189 thousand of clean fuel production credits.

For the nine months, sales reached $8,472,679 thousand and diluted EPS was $0.82. Operating cash flow was $183,183 thousand, with capital expenditures of $162,210 thousand. Financing cash outflows of $537,977 thousand included $425,000 thousand to acquire the remaining 49.9% of The Andersons Marathon Holdings (now The Andersons Renewables, LLC), treated as an equity transaction. Cash and cash equivalents were $81,630 thousand and long-term debt (less current) was $569,052 thousand at quarter end.

Segment results showed Agribusiness segment income of $1,466 thousand and Renewables of $43,487 thousand in Q3. The company had 33,839,123 common shares outstanding at October 24, 2025.

The Andersons, Inc. (ANDE) filed an 8-K announcing its third quarter 2025 earnings. The company issued a press release detailing results, which is attached as Exhibit 99.1 and incorporated by reference. This filing is an administrative notice directing readers to the accompanying earnings release for full financial and operational information.

Andersons, Inc. (ANDE) director Pamela S. Hershberger filed a Form 4 for transactions on 10/22/2025. She reported additional restricted share units credited as dividend equivalents: 130.61 tied to a 2023 award and 78.15 tied to a 2024 award. Each unit represents the right to receive one share upon vesting.

Following these entries, she reported 14,275.402 shares of common stock beneficially owned directly. The 2023 and 2024 RSU awards vested one year from grant, and she has deferred distribution of these RSUs until her retirement date.

Andersons, Inc. (ANDE) director reported routine equity activity. On 10/21/2025, the director acquired 37.541 shares of common stock at $46.412 through a dividend reinvestment. Following this, common stock beneficial ownership was 8,972.622 shares (direct).

On 10/22/2025, the director was credited dividend-equivalent restricted share units, including 130.61 tied to a 2023 grant and 78.15 tied to a 2024 grant. Each RSU represents one share upon vesting, and distribution has been deferred until retirement, per the filing’s notes.

The Andersons, Inc. (ANDE) director John T. Stout filed a Form 4 reporting the acquisition of 2.337 shares of common stock on 10/22/2025, described as a reinvestment of dividend, at $45.77 per share. Following the transaction, he beneficially owned 45,940.5719 shares directly and 4,219 shares indirectly held in trust.

The Andersons, Inc. filed an 8-K/A to add narrative pro forma details tied to its completed purchase of the remaining 49.9% of The Andersons Marathon Holdings (TAMH) from Marathon for $425.0 million, inclusive of $40.0 million working capital. The deal closed on July 31, 2025.

Assuming a January 1, 2024 closing, pro forma net income attributable to controlling interests would have been $140.0 million after $30.7 million of financing cost adjustments, with pro forma EPS up $0.76 to $4.11 basic and $4.08 diluted. For the six months ended June 30, 2025, pro forma net income attributable to controlling interests would have been $15.6 million after a $9.9 million financing adjustment, with pro forma EPS up $0.22 to $0.46.

If reflected on June 30, 2025, the pro forma balance sheet shows cash down $351.0 million, short‑term debt up $74.0 million, and shareholders’ equity reduced by $425.0 million (reducing noncontrolling interest by $203.6 million and additional paid‑in capital by $221.4 million), resulting in total assets of $3,095.5 million, liabilities of $1,910.0 million, and equity of $1,185.5 million.

Andersons, Inc. (ANDE) reported a Form 4 showing that Emmanuel N. Ayuk, EVP, General Counsel and Corporate Secretary, received an award of 12,513 restricted share units on October 1, 2025 in connection with his hiring. Each restricted share unit represents the right to receive one share of common stock upon vesting. The grant uses a graded vesting schedule over a three-year period from the grant date, and the reported RSUs are recorded as directly owned by Mr. Ayuk. The filing was signed under limited power of attorney and dated October 2, 2025.

Sarah J. Zibbel, EVP & Chief HR Officer and director of Andersons, Inc. (ANDE), reported transactions dated 09/02/2025. She was credited with 1,945 restricted share units (RSUs) (recorded as common stock), received 72.759 shares in lieu of a cash dividend, and 618 shares were withheld to satisfy tax withholding at a price of $40.90 per share. After these transactions, her reported beneficial ownership totaled 3,162.349 shares. The RSUs were originally granted on 09/01/2023 with a graded vesting schedule over three years. The Form 4 was signed by a limited power of attorney on 09/04/2025.

Insider transaction summary for Andersons, Inc. (ANDE) Ross W. Manire, a company director, reported an amended Form 4 showing a non‑derivative acquisition on 05/09/2025. The filing states shares were received in lieu of a cash dividend (noted in the explanation). The reported transaction line shows an acquisition of 9.65 shares at a price of $0, and total beneficial ownership following the transaction of 33,567.182 shares held directly. The form indicates it is an amendment and includes a signature block executed under a limited power of attorney.