Andersons Inc (ANDE)

The Andersons to Ring the Nasdaq Opening Bell on June 24, 2026June 22, 2026 4:05 PM
PR Newswire (US) MAUMEE, Ohio, June 22, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces that its management team will ring the Nasdaq Opening Bell in celebration of 30 years as a publicly traded company. The ceremony recognizes the company's journey from its founding in 1947 as a strong regional business into one that plays an important role across the North American agriculture and renewable fuels supply chains."We are proud to celebrate this milestone on Nasdaq's global stage," said Bill Krueger, President and Chief Executive Officer. "Our success reflects the dedication of our employees, the trust of our customers, and the support of our shareholders. As we look ahead, we remain focused on executing with discipline and delivering long-term shareholder value."The Opening Bell ceremony will take place at the Nasdaq MarketSite in Times Square and will be broadcast live beginning at 9:15 a.m. ET on Nasdaq's website https://www.nasdaq.com/marketsite/bell-ringing-ceremony.About The Andersons, Inc.
The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.  View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-to-ring-the-nasdaq-opening-bell-on-june-24-2026-302806629.htmlSOURCE The Andersons, Inc. Original: The Andersons to Ring the Nasdaq Opening Bell on June 24, 2026

The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026June 18, 2026 4:05 PM
PR Newswire (US) MAUMEE, Ohio, June 18, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2026 cash dividend of 20 cents ($0.20) per share payable on July 22, 2026, to shareholders of record as of July 01, 2026. This is The Andersons 119th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.About The Andersons, Inc. The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.   View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-declares-cash-dividend-for-third-quarter-2026-302804685.htmlSOURCE The Andersons, Inc. Original: The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026

The Andersons, Inc. Names David R. Heppner to Board of DirectorsJune 18, 2026 10:10 AM
PR Newswire (US) MAUMEE, Ohio, June 18, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) has named David R. Heppner to the company's board of directors, effective June 18, 2026. Mr. Heppner is chief strategy officer and senior vice president, business development at Marathon Petroleum Corporation, a leading, integrated downstream energy company. He also serves as senior vice president at MPLX GP LLC.Mr. Heppner brings nearly four decades of experience spanning engineering, operations, and commercial leadership. Since joining Marathon in 1988, he has held roles of increasing responsibility across engineering, project management, and business development, including senior leadership positions at Speedway, where he served as vice president of operations and senior vice president of engineering services and corporate support.He later served as vice president of commercial and business development and was named senior vice president of strategy and business development in 2021, before assuming his current role in 2024.Mr. Heppner is actively involved in community and industry organizations. He serves on the Board of Trustees at Ohio Northern University. His prior service includes leadership roles with Habitat for Humanity, the United Way, Boy Scouts of America, and the March of Dimes, as well as board roles with Dayton Children's Hospital Foundation and other organizations."Dave brings deep experience in strategy, operations, and business development that aligns well with our focus on disciplined growth and portfolio optimization," said Chairman Pat Bowe. "We look forward to his contributions as we continue to strengthen our core businesses and deliver long-term value for our stakeholders."About The Andersons, Inc.
The Andersons, Inc., is a North American agriculture company that conducts business in the agribusiness and renewables sectors. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-names-david-r-heppner-to-board-of-directors-302804469.htmlSOURCE The Andersons, Inc. Original: The Andersons, Inc. Names David R. Heppner to Board of Directors

The Andersons to Present at BMO Global Farm to Market ConferenceMay 11, 2026 4:05 PM
PR Newswire (US) MAUMEE, Ohio, May 11, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces that it will present at the BMO Capital Markets Global Farm to Market Conference on Wednesday, May 13, 2026. President and Chief Executive Officer Bill Krueger will speak at the conference at 9:30 a.m. Eastern Time. The Andersons presentation will be webcast live at https://app.webinar.net/pazMg0eG3vZ. A recording will also be available for a short time at the same location.About The Andersons, Inc.
The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-to-present-at-bmo-global-farm-to-market-conference-302768378.htmlSOURCE The Andersons, Inc. Original: The Andersons to Present at BMO Global Farm to Market Conference

The Andersons, Inc. to Release First Quarter Results on May 5April 14, 2026 4:05 PM
PR Newswire (US)

MAUMEE, Ohio, April 14, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) will release its financial results for the first quarter 2026 after 4 p.m. Eastern on Tuesday, May 5, 2026. The company will host a webcast on Wednesday, May 6, 2026, at 8:30 a.m. Eastern to discuss the results and provide a company update.







To listen over the phone, please dial 888-317-6003 (U.S. toll-free) or 412-317-6061 (international toll) and use elite entry number: 7394049. To watch the webcast, go to https://app.webinar.net/r9QEJNbJ2Mk and submit the requested information as directed. A replay of the webcast will be available on the Investors page of www.andersonsinc.com.About The Andersons, Inc.
The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-to-release-first-quarter-results-on-may-5-302742062.htmlSOURCE The Andersons, Inc.

Original: The Andersons, Inc. to Release First Quarter Results on May 5

The Andersons, Inc. Reports Fourth Quarter and Full Year ResultsFebruary 17, 2026 4:05 PM
PR Newswire (Canada)

MAUMEE, Ohio, Feb. 17, 2026 /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the fourth quarter ended December 31, 2025.







Financial Highlights:Fourth quarter net income attributable to The Andersons of $67 million, or $1.97 per diluted share, and $70 million, or $2.04 per diluted share, a record on an adjusted basis Full year net income attributable to The Andersons of $96 million, or $2.79 per diluted share, and $111 million, or $3.23 per diluted share, on an adjusted basisAdjusted EBITDA of $137 million for the fourth quarter and $337 million for the yearRenewables fourth quarter pretax income was $54 million on record production, solid merchandising, and benefits from biofuels policy Agribusiness fourth quarter pretax income was $46 million on solid operations through record corn harvest"Our record fourth quarter results reflect solid execution in both Renewables and Agribusiness. Recent investments in both businesses, including full ownership of the ethanol plants, contributed to this quarter's financial performance. Our Skyland locations were able to accumulate large corn and sorghum positions at favorable values and saw the return of sorghum exports through our Houston port elevator. Eastern assets realized seasonally high elevation margins on higher volumes from increased corn demand, while over-supplied markets continued to limit merchandising opportunities," said President and CEO Bill Krueger. "In this very busy quarter for our grain elevators and ethanol plants, I'm pleased with our ability to serve our customers.""We have a number of strategic capital investments at various stages of completion. In the quarter, we began operations at our mineral processing facility in Carlsbad, New Mexico. Several other projects, including our multi-year expansion at the Port of Houston and recently announced $60 million investment to increase capacity at our Clymers, Indiana ethanol production facility, are progressing," added Krueger. "We also expect to begin operating a bio-based diesel feedstock storage and blending facility at one of the Skyland locations later this quarter. We continue to add corn and wheat cleaning operations throughout our asset footprint in response to food and pet food customer demand. We intend to actively pursue additional growth projects, including lowering the carbon intensity of our ethanol plants as well as evaluating process improvements and further expansion and acquisition opportunities." $ in millions, except per share amounts     



Q4 2025Q4 2024VarianceYTD 2025YTD 2024VariancePretax Income$           87.6$           67.3$             20.3$          141.5$          200.8$           (59.3)Pretax Income Attributable to the Company183.958.225.7117.9144.1(26.2)Adjusted Pretax Income (Loss) Attributable to the Company187.460.626.8136.6146.7(10.1)Agribusiness145.056.0(11.0)64.2113.3(49.1)Renewables154.317.137.2125.580.045.5Other1(12.0)(12.5)0.5(53.1)(46.6)(6.5)Net Income Attributable to the Company67.445.122.395.7114.0(18.3)Adjusted Net Income Attributable to the Company170.046.923.1111.0116.7(5.7)Diluted Earnings Per Share (EPS)1.971.310.662.793.32(0.53)Adjusted EPS12.041.360.683.233.40(0.17)EBITDA1132.9113.719.2322.0360.3(38.3)Adjusted EBITDA1$         136.5$         116.5$             20.0$          337.3$          363.4$           (26.1)1 Non-GAAP financial measures; see appendix for explanations and reconciliations.Cash, Liquidity, and Long-Term Debt Management"Our businesses generated solid operating cash flows into the fourth quarter on improved earnings, allowing us to continue to fund growth projects," said Executive Vice President and CFO Brian Valentine. "Our long-term debt to adjusted EBITDA ratio of 1.8 times remains well below our stated target of less than 2.5 times. We are pleased with the strength of our balance sheet and the flexibility it provides as we execute against our strategy."The company used $6 million and generated $269 million in cash from operating activities for the fourth quarters of 2025 and 2024, respectively, and generated $110 million and $100 million in cash from operations before working capital changes for the same periods, respectively.For the full years of 2025 and 2024, the company generated $177 million and $332 million in cash from operating activities, respectively. Cash from operations before working capital changes for the same years was $278 million and $323 million, even with the challenging ag markets in 2025.Fourth Quarter Segment OverviewAgribusiness Posts Solid Fourth Quarter on a Record Corn HarvestAgribusiness recorded pretax income of $46 million and adjusted pretax income attributable to the company of $45 million for the quarter, compared to pretax income of $55 million and adjusted pretax income attributable of $56 million in the fourth quarter of the prior year.The robust fall harvest helped drive solid earnings in the quarter, with different fundamentals in the east and west. The western footprint, including Skyland Grain, saw improved performance as it saw strong basis appreciation in corn and sorghum. Increased corn demand from ethanol and export programs provided good margins for the eastern assets but kept basis levels elevated through harvest. This may limit basis appreciation opportunities in the region going into 2026.Our complementary asset footprint should provide some uplift in 2026, with more traditional basis appreciation opportunities in the west, while continued export demand would benefit elevation margins for the eastern assets. Sorghum exports remained strong into early 2026, which we expect will benefit our Skyland and Houston assets. As on-farm grain volumes come to market, merchandising opportunities may arise. Domestic premium ingredient demand is also expected to stay solid and should continue to support recent capital growth investments. Expected corn plantings are higher than historical average, which may drive demand for nitrogen products, but volumes will be dependent on farmer economics.Agribusiness had fourth quarter adjusted EBITDA of $80 million, compared to fourth quarter 2024 adjusted EBITDA of $88 million. For the full year, adjusted EBITDA was $187 million in 2025, compared to $218 million in 2024.Renewables Reports Strong Quarter on Record ProductionThe Renewables segment reported pretax income of $54 million in the fourth quarter compared to pretax income of $26 million and pretax income attributable to the company of $17 million in the fourth quarter of 2024.The group reported strong fourth quarter results on efficient plant operations and record production, as well as improved ethanol board crush margins of $0.15/gallon over the prior year. Firmer corn basis and higher natural gas expense partially offset the favorable board crush. Fourth quarter results also included $15 million of 45Z tax credits, bringing the year-to-date total to $35 million. The renewable feedstocks business had another solid quarter, and co-product values improved over the fourth quarter of 2024.Favorable biofuels policies, continuing elevated export demand, upcoming planned industry maintenance, and summer gasoline demand should all support ethanol fundamentals this year. Renewable feedstocks merchandising should also benefit this year with the anticipated robust Renewable Volume Obligations.Renewables recorded EBITDA of $69 million in the fourth quarter of 2025, compared to 2024 fourth quarter EBITDA of $41 million. For the full year, adjusted EBITDA was $203 million in 2025, compared to $189 million 2024.Income TaxesThe company recorded income tax expense at an effective rate of 19% for the fourth quarter and 16% for the year. The rates were impacted by non-taxable 45Z income, the elimination of certain reserves against uncertain tax positions related to R&D tax credits, and the tax treatment of noncontrolling interests.Conference CallThe company will host a webcast on Wednesday, February 18, 2026, at 8:30 a.m. ET, to discuss its performance and provide its outlook for 2026. To access the call, please dial 888-317-6003 or 412-317-6061 (international toll) and use elite entry number: 9697756. It is recommended that you call 10 minutes before the conference call begins. To access the webcast, click on the link: https://app.webinar.net/qPML06xl8dK and submit the requested information as directed. A replay of the call can also be accessed under the heading "Investors" on the company's website at www.andersonsinc.com. Forward-Looking Statements This release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks include economic, weather and regulatory conditions, competition, geopolitical risk, and the risk factors set forth from time to time in the company's filings with the Securities and Exchange Commission. Although the company believes that the assumptions upon which the financial information and its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct.Non-GAAP MeasuresThis release contains non-GAAP financial measures. The company believes that pretax income (loss) attributable to the company; adjusted pretax income (loss) attributable to the company; adjusted pretax income (loss); adjusted net income attributable to the company; adjusted diluted earnings per share; earnings before interest, taxes, depreciation, and amortization (or EBITDA); adjusted EBITDA; and cash from operations before working capital changes provide additional information to investors and others about its operations, allowing an evaluation of underlying operating performance and liquidity and better period-to-period comparability. The above measures are not and should not be considered as alternatives to pretax income (loss) or income (loss) before income taxes, net income (loss), diluted earnings (loss) per share attributable to The Andersons, Inc. common shareholders and cash provided by (used in) operating activities as determined by generally accepted accounting principles. Reconciliations of the GAAP to non-GAAP measures may be found within this press release and the financial tables provided herein.Company DescriptionThe Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.   The Andersons, Inc.Condensed Consolidated Statements of Operations (unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands, except per share data)2025
2024
2025
2024Sales and merchandising revenues$  2,536,249
$  3,123,138
$  11,008,928
$  11,257,548Cost of sales and merchandising revenues2,304,758
2,910,028
10,295,277
10,563,622Gross profit231,491
213,110
713,651
693,926Operating, administrative and general expenses1150,466
147,154
603,363
503,620Interest expense, net12,090
10,266
47,159
31,760Other income, net18,643
11,560
78,340
42,211Income before income taxes87,578
67,250
141,469
200,757Income tax provision16,486
13,146
22,168
30,057Net income71,092
54,104
119,301
170,700Net income attributable to noncontrolling interests3,658
9,014
23,588
56,688Net income attributable to The Andersons, Inc.$        67,434
$        45,090
$        95,713
$      114,012







Earnings per share attributable to The Andersons, Inc. common shareholders:






Basic earnings:$            1.98
$            1.32
$            2.81
$            3.35Diluted earnings:$            1.97
$            1.31
$            2.79
$            3.321 Operating, administrative and general expenses includes asset impairment charges of $18.1 million, for the year ended December 31, 2025, to    facilitate period-over-period comparability. The Andersons, Inc.Condensed Consolidated Balance Sheets (unaudited)
(in thousands)December 31, 2025
December 31, 2024Assets


Current assets:


Cash and cash equivalents$                      98,283
$                    561,771Accounts receivable, net652,472
764,550Inventories1,365,121
1,286,811Commodity derivative assets – current135,466
148,801Other current assets125,067
88,344Total current assets2,376,409
2,850,277Other assets:


Goodwill127,856
127,856Other intangible assets, net63,510
69,345Right of use assets, net108,792
104,630Other assets, net96,765
101,055Total other assets396,923
402,886Property, plant and equipment, net939,500
868,151Total assets$                 3,712,832
$                 4,121,314



Liabilities and equity


Current liabilities:


Short-term debt$                    249,420
$                    166,614Trade and other payables918,691
1,047,436Customer prepayments and deferred revenue                                                                                195,331
194,025Commodity derivative liabilities – current51,153
59,766Current maturities of long-term debt63,375
36,139Accrued expenses and other current liabilities208,427
227,192Total current liabilities1,686,397
1,731,172Long-term lease liabilities71,545
65,312Long-term debt, less current maturities560,016
608,151Other long-term liabilities104,639
116,843Total liabilities2,422,597
2,521,478Total equity1,290,235
1,599,836Total liabilities and equity$                 3,712,832
$                 4,121,314 The Andersons, Inc.Consolidated Statements of Cash Flows(unaudited)

Twelve months ended December 31,(in thousands)2025
2024Operating Activities


Net income$     119,301
$     170,700Adjustments to reconcile net income to cash provided by operating activities:


Depreciation and amortization133,323
127,804Bad debt expense, net4,664
17,637Stock-based compensation expense16,984
13,629Deferred income taxes(6,009)
(2,911)Other19,910
(3,595)Changes in operating assets and liabilities, net of assets acquired and liabilities assumed:                         


Accounts and notes receivable104,572
35,777Inventories(72,399)
87,906Commodity derivatives6,000
15,005Other current and non-current assets4,732
(28,050)Payables and other current and non-current liabilities(144,080)
(102,396)Net cash provided by operating activities176,998
331,506Investing Activities


Purchases of property, plant and equipment and capitalized software(233,123)
(149,187)Property insurance proceeds28,124
12,137Proceeds from sale of businesses11,263
—Acquisition of businesses, net of cash acquired—
(29,172)Other(1,579)
3,148Net cash used in investing activities(195,315)
(163,074)Financing Activities


Net (payments) receipts under short-term lines of credit79,897
(91,951)Proceeds from issuance of long-term debt14,700
67,000Payments of long-term debt(36,208)
(83,589)Distributions to noncontrolling interest owner(33,768)
(102,295)Dividends paid(26,848)
(26,273)Common stock repurchased(15,366)
(2,295)Purchase of noncontrolling interest in a consolidated subsidiary(425,000)
—Other(4,555)
(10,956)Net cash used in financing activities(447,148)
(250,359)Effect of exchange rates on cash and cash equivalents1,977
(156)Decrease in Cash and cash equivalents(463,488)
(82,083)Cash and cash equivalents at the beginning of the period561,771
643,854Cash and cash equivalents at the end of the period$       98,283
$     561,7711 Other adjustments to reconcile net income to cash provided by operating activities includes asset impairment charges of $18.1 million, for the year   ended December 31, 2025, to facilitate period-over-period comparability. The Andersons, Inc.Adjusted Net Income Attributable to The Andersons, Inc.A non-GAAP financial measure(unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands, except per share data)2025
2024
2025
2024Net income$       71,092
$       54,104
$     119,301
$     170,700Net income attributable to noncontrolling interests3,658
9,014
23,588
56,688Net income attributable to The Andersons, Inc.67,434
45,090
95,713
114,012Adjustments:






Insured inventory and property recoveries, net(216)
(4,446)
(12,861)
(9,650)Asset impairment—
—
11,376
—Transaction related compensation1,879
2,536
7,462
11,104Loss on investments—
1,535
7,178
1,535Acquisition costs—
2,738
5,927
2,738Loss (gain) on sales of assets and businesses, net310
—
(4,447)
—Severance expense1,480
—
2,677
—Pension settlement—
—
1,448
—Gain on deconsolidation of joint venture—
—
—
(3,117)Income tax impact of adjustments1(865)
(590)
(3,514)
42Total adjusting items, net of tax2,588
1,773
15,246
2,652Adjusted net income attributable to The Andersons, Inc.$       70,022
$       46,863
$     110,959
$     116,664







Diluted earnings per share attributable to The Andersons, Inc. common shareholders $           1.97
$           1.31
$           2.79
$           3.32







Impact on diluted earnings per share$           0.07
$           0.05
$           0.44
$           0.08Adjusted diluted earnings per share attributable to The Andersons, Inc. common shareholders$           2.04
$           1.36
$           3.23
$           3.401 The income tax impact of adjustments is taken at the blended federal, state, and local tax rate of 25% with the exception of the impairment of an equity    method investment of $4.4 million in 2025 and certain transaction related compensation in 2024.
Adjusted net income (loss) attributable to The Andersons, Inc. reflects reported net income (loss) available to The Andersons, Inc. common shareholders after the removal of specified items described above. Adjusted diluted earnings (loss) per share reflects the fully diluted EPS of The Andersons, Inc. after removal of the effect on EPS as reported of specified items described above. Management believes that Adjusted net income (loss) attributable to The Andersons, Inc. and Adjusted diluted earnings (loss) per share are useful measures of The Andersons, Inc. performance as they provide investors additional information about the operations of the company allowing better evaluation of underlying business performance and better comparability to previous periods. These non-GAAP financial measures are not intended to replace or be alternatives to Net income attributable to The Andersons, Inc. and Diluted earnings attributable to The Andersons, Inc. common shareholders as reported, the most directly comparable GAAP financial measures, or any other measures of operating results under GAAP. Earnings amounts described above have been divided by the company's average number of diluted shares outstanding for each respective period in order to arrive at an adjusted diluted earnings (loss) per share amount for each specified item. The Andersons, Inc.Segment Data (unaudited)
(in thousands)Agribusiness
Renewables
Other
TotalThree months ended December 31, 2025






Sales and merchandising revenues$     1,862,983
$        673,266
$                 —
$     2,536,249Gross profit179,337
52,154
—
231,491Operating, administrative and general expenses127,320
10,844
12,302
150,466Other income (loss), net4,095
15,580
(1,032)
18,643Income (loss) before income taxes45,898
54,310
(12,630)
87,578Income attributable to noncontrolling interests3,658
—
—
3,658Income (loss) before income taxes attributable to The Andersons, Inc.1$          42,240
$          54,310
$        (12,630)
$          83,920Adjustments to income before income taxes22,798
—
655
3,453Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          45,038
$          54,310
$        (11,975)
$          87,373







Three months ended December 31, 2024






Sales and merchandising revenues$     2,409,549
$        713,589
$                 —
$     3,123,138Gross profit176,085
37,025
—
213,110Operating, administrative and general expenses122,923
11,293
12,938
147,154Other income (loss), net12,039
958
(1,437)
11,560Income (loss) before income taxes55,270
26,020
(14,040)
67,250Income attributable to noncontrolling interests73
8,941
—
9,014Income (loss) before income taxes attributable to The Andersons, Inc.1$          55,197
$          17,079
$        (14,040)
$          58,236Adjustments to income before income taxes2828
—
1,535
2,363Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          56,025
$          17,079
$        (12,505)
$          60,5991 Income (loss) before income taxes attributable to The Andersons, Inc. for each operating segment is defined as net sales and merchandising revenues   plus identifiable other income less all identifiable operating expenses, including interest expense for carrying working capital and long-term assets and is   reported net of the noncontrolling interest share of income.2 Additional information on the individual adjustments that are included in the adjustments to income (loss) before income taxes can be found in the   Reconciliation to EBITDA and Adjusted EBITDA table. All adjustments are consistent with the EBITDA reconciliation with the exception of items where a   portion of the expense is attributable to the noncontrolling interest and is represented in Income attributable to the noncontrolling interest within the   reconciliation above. These adjustments include a $0.1 million difference in insured inventory and property recoveries, net for the three months ended   December 31, 2025, and a $0.5 million difference in acquisition costs in the Agribusiness segment for the three months ended December 31, 2024. The Andersons, Inc.Segment Data (continued)(unaudited)
(in thousands)Agribusiness
Renewables
Other
TotalTwelve months ended December 31, 2025






Sales and merchandising revenues$     8,260,004
$     2,748,924
$                 —
$   11,008,928Gross profit556,907
156,744
—
713,651Operating, administrative and general expenses501,712
46,032
55,619
603,363Other income (loss), net44,874
35,071
(1,605)
78,340Income (loss) before income taxes56,587
140,102
(55,220)
141,469(Loss) income attributable to noncontrolling interests(275)
23,863
—
23,588Income (loss) before income taxes attributable to The Andersons, Inc.1$          56,862
$        116,239
$        (55,220)
$        117,881Adjustments to income before income taxes27,378
9,279
2,103
18,760Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          64,240
$        125,518
$        (53,117)
$        136,641







Twelve months ended December 31, 2024






Sales and merchandising revenues$     8,456,381
$     2,801,167
$                 —
$   11,257,548Gross profit522,992
170,934
—
693,926Operating, administrative and general expenses418,110
37,011
48,499
503,620Other income (loss), net35,185
8,665
(1,639)
42,211Income (loss) before income taxes109,156
139,760
(48,159)
200,757Income attributable to noncontrolling interests73
56,615
—
56,688Income (loss) before income taxes attributable to The Andersons, Inc.1$        109,083
$          83,145
$        (48,159)
$        144,069Adjustments to income (loss) before income taxes24,192
(3,117)
1,535
2,610Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$        113,275
$          80,028
$        (46,624)
$        146,6791 Income (loss) before income taxes attributable to The Andersons, Inc. for each operating segment is defined as net sales and merchandising revenues   plus identifiable other income less all identifiable operating expenses, including interest expense for carrying working capital and long-term assets and is   reported net of the noncontrolling interest share of income.2 Additional information on the individual adjustments that are included in the adjustments to income (loss) before income taxes can be found in the  Reconciliation to EBITDA and Adjusted EBITDA table. All adjustments are consistent with the EBITDA reconciliation with the exception of items where a  portion of the expense is attributable to the noncontrolling interest and is represented in Income attributable to the noncontrolling interest within the  reconciliation above. These adjustments include a $5.8 million difference in insured inventory and property recoveries, net, and a $2.3 million difference in  asset impairments in the Agribusiness segment for the year ended December 31, 2025, and a $0.5 million difference in acquisition costs in the Agribusiness  segment for the year ended December 31, 2024.  The Andersons, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)A non-GAAP financial measure(unaudited)
(in thousands)Agribusiness
Renewables
 Other
 TotalThree months ended December 31, 2025






Net income (loss)$         45,898
$         54,310
$       (29,116)
$         71,092Interest expense (income)10,214
2,580
(704)
12,090Tax provision—
—
16,486
16,486Depreciation and amortization20,651
12,031
583
33,265EBITDA76,763
68,921
(12,751)
132,933Adjusting items impacting EBITDA:






Transaction related compensation1,879
—
—
1,879Insured inventory and property recoveries, net(72)
—
—
(72)Loss on sales of assets and businesses, net310
—
—
310Severance expense825
—
655
1,480Total adjusting items2,942
—
655
3,597Adjusted EBITDA$         79,705
$         68,921
$       (12,096)
$       136,530







Three months ended December 31, 2024






Net income (loss)$         55,270
$         26,020
$       (27,186)
$         54,104Interest expense (income)9,931
670
(335)
10,266Tax provision—
—
13,146
13,146Depreciation and amortization21,144
14,079
955
36,178EBITDA86,345
40,769
(13,420)
113,694Adjusting items impacting EBITDA:






Loss on investments—
—
1,535
1,535Transaction related compensation2,536
—
—
2,536Insured inventory and property recoveries, net(4,446)
—
—
(4,446)Acquisition costs3,193
—
—
3,193Total adjusting items1,283
—
1,535
2,818 Adjusted EBITDA$         87,628
$         40,769
$       (11,885)
$       116,512Adjusted EBITDA is defined as earnings before interest, taxes and depreciation and amortization, adjusted for specified items. The company calculates adjusted EBITDA by removing the impact of specified items and adding back the amounts of interest expense, tax expense and depreciation and amortization to net income (loss). Management believes that adjusted EBITDA is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to net income (loss), the most directly comparable GAAP financial measure. The Andersons, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)A non-GAAP financial measure(unaudited)
(in thousands)Agribusiness
Renewables
 Other
 TotalTwelve months ended December 31, 2025






Net income (loss)$         56,587
$       140,102
$       (77,388)
$       119,301Interest expense (income)43,482
5,681
(2,004)
47,159Tax provision—
—
22,168
22,168Depreciation and amortization82,676
48,036
2,611
133,323EBITDA182,745
193,819
(54,613)
321,951Adjusting items impacting EBITDA:






Loss on investments7,178
—
—
7,178Transaction related compensation7,462
—
—
7,462Insured inventory and property recoveries, net(18,620)
—
—
(18,620)Gain on sales of assets and businesses, net(4,447)
—
—
(4,447)Severance expense2,022
—
655
2,677Acquisition costs—
5,927
—
5,927Asset impairment10,346
3,352
—
13,698Pension settlement—
—
1,448
1,448Total adjusting items3,941
9,279
2,103
15,323Adjusted EBITDA$       186,686
$       203,098
$       (52,510)
$       337,274







Twelve months ended December 31, 2024






Net income (loss)$       109,156
$       139,760
$       (78,216)
$       170,700Interest expense (income)30,911
2,828
(1,979)
31,760Tax provision—
—
30,057
30,057Depreciation and amortization72,993
49,705
5,106
127,804EBITDA213,060
192,293
(45,032)
360,321Adjusting items impacting EBITDA:






Loss on investments—
—
1,535
1,535Transaction related compensation11,104
—
—
11,104Insured inventory and property recoveries, net(9,650)
—
—
(9,650)Acquisition costs3,193
—
—
3,193Gain on deconsolidation of joint venture—
(3,117)
—
(3,117)Total adjusting items4,647
(3,117)
1,535
3,065Adjusted EBITDA$       217,707
$       189,176
$       (43,497)
$       363,386Adjusted EBITDA is defined as earnings before interest, taxes and depreciation and amortization, adjusted for specified items. The company calculates adjusted EBITDA by removing the impact of specified items and adding back the amounts of interest expense, tax expense and depreciation and amortization to net income (loss). Management believes that adjusted EBITDA is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to net income (loss), the most directly comparable GAAP financial measure. Andersons, Inc.Cash from Operations Before Working Capital ChangesA non-GAAP financial measure(unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands)2025
2024
2025
2024Cash provided by (used in) operating activities$       (6,185)
$     268,811
$     176,998
$     331,506Changes in operating assets and liabilities, net of assets acquired and liabilities assumed:






Accounts receivable61,722
32,279
104,572
35,777Inventories(464,183)
(191,041)
(72,399)
87,906Commodity derivatives3,459
(34,322)
6,000
15,005Other current and non-current assets21,646
31,326
4,732
(28,050)Payables and other current and non-current liabilities261,319
330,673
(144,080)
(102,396)Total changes in operating assets and liabilities(116,037)
168,915
(101,175)
8,242Cash from operations before working capital changes$     109,852
$       99,896
$     278,173
$     323,264Cash from operations before working capital changes is defined as cash provided by (used in) operating activities before the impact of changes in working capital within the statement of cash flows. The company calculates cash from operations by eliminating the effect of changes in accounts receivable, inventories, commodity derivatives, other current and non-current assets, and payables and other current and non-current liabilities; and adjusted by specific items from the cash provided by (used in) operating activities. Management believes that cash from operations before working capital changes is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Cash from operations before working capital changes is a non-GAAP financial measure and is not intended to replace or be an alternative to cash provided by (used in) operating activities, the most directly comparable GAAP financial measure.



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-reports-fourth-quarter-and-full-year-results-302689729.htmlSOURCE The Andersons, Inc.

Original: The Andersons, Inc. Reports Fourth Quarter and Full Year Results

The Andersons, Inc. Reports Fourth Quarter and Full Year ResultsFebruary 17, 2026 4:05 PM
PR Newswire (US)

MAUMEE, Ohio, Feb. 17, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the fourth quarter ended December 31, 2025.







Financial Highlights:Fourth quarter net income attributable to The Andersons of $67 million, or $1.97 per diluted share, and $70 million, or $2.04 per diluted share, a record on an adjusted basis Full year net income attributable to The Andersons of $96 million, or $2.79 per diluted share, and $111 million, or $3.23 per diluted share, on an adjusted basisAdjusted EBITDA of $137 million for the fourth quarter and $337 million for the yearRenewables fourth quarter pretax income was $54 million on record production, solid merchandising, and benefits from biofuels policy Agribusiness fourth quarter pretax income was $46 million on solid operations through record corn harvest"Our record fourth quarter results reflect solid execution in both Renewables and Agribusiness. Recent investments in both businesses, including full ownership of the ethanol plants, contributed to this quarter's financial performance. Our Skyland locations were able to accumulate large corn and sorghum positions at favorable values and saw the return of sorghum exports through our Houston port elevator. Eastern assets realized seasonally high elevation margins on higher volumes from increased corn demand, while over-supplied markets continued to limit merchandising opportunities," said President and CEO Bill Krueger. "In this very busy quarter for our grain elevators and ethanol plants, I'm pleased with our ability to serve our customers.""We have a number of strategic capital investments at various stages of completion. In the quarter, we began operations at our mineral processing facility in Carlsbad, New Mexico. Several other projects, including our multi-year expansion at the Port of Houston and recently announced $60 million investment to increase capacity at our Clymers, Indiana ethanol production facility, are progressing," added Krueger. "We also expect to begin operating a bio-based diesel feedstock storage and blending facility at one of the Skyland locations later this quarter. We continue to add corn and wheat cleaning operations throughout our asset footprint in response to food and pet food customer demand. We intend to actively pursue additional growth projects, including lowering the carbon intensity of our ethanol plants as well as evaluating process improvements and further expansion and acquisition opportunities." $ in millions, except per share amounts     



Q4 2025Q4 2024VarianceYTD 2025YTD 2024VariancePretax Income$           87.6$           67.3$             20.3$          141.5$          200.8$           (59.3)Pretax Income Attributable to the Company183.958.225.7117.9144.1(26.2)Adjusted Pretax Income (Loss) Attributable to the Company187.460.626.8136.6146.7(10.1)Agribusiness145.056.0(11.0)64.2113.3(49.1)Renewables154.317.137.2125.580.045.5Other1(12.0)(12.5)0.5(53.1)(46.6)(6.5)Net Income Attributable to the Company67.445.122.395.7114.0(18.3)Adjusted Net Income Attributable to the Company170.046.923.1111.0116.7(5.7)Diluted Earnings Per Share (EPS)1.971.310.662.793.32(0.53)Adjusted EPS12.041.360.683.233.40(0.17)EBITDA1132.9113.719.2322.0360.3(38.3)Adjusted EBITDA1$         136.5$         116.5$             20.0$          337.3$          363.4$           (26.1)1 Non-GAAP financial measures; see appendix for explanations and reconciliations.Cash, Liquidity, and Long-Term Debt Management"Our businesses generated solid operating cash flows into the fourth quarter on improved earnings, allowing us to continue to fund growth projects," said Executive Vice President and CFO Brian Valentine. "Our long-term debt to adjusted EBITDA ratio of 1.8 times remains well below our stated target of less than 2.5 times. We are pleased with the strength of our balance sheet and the flexibility it provides as we execute against our strategy."The company used $6 million and generated $269 million in cash from operating activities for the fourth quarters of 2025 and 2024, respectively, and generated $110 million and $100 million in cash from operations before working capital changes for the same periods, respectively.For the full years of 2025 and 2024, the company generated $177 million and $332 million in cash from operating activities, respectively. Cash from operations before working capital changes for the same years was $278 million and $323 million, even with the challenging ag markets in 2025.Fourth Quarter Segment OverviewAgribusiness Posts Solid Fourth Quarter on a Record Corn HarvestAgribusiness recorded pretax income of $46 million and adjusted pretax income attributable to the company of $45 million for the quarter, compared to pretax income of $55 million and adjusted pretax income attributable of $56 million in the fourth quarter of the prior year.The robust fall harvest helped drive solid earnings in the quarter, with different fundamentals in the east and west. The western footprint, including Skyland Grain, saw improved performance as it saw strong basis appreciation in corn and sorghum. Increased corn demand from ethanol and export programs provided good margins for the eastern assets but kept basis levels elevated through harvest. This may limit basis appreciation opportunities in the region going into 2026.Our complementary asset footprint should provide some uplift in 2026, with more traditional basis appreciation opportunities in the west, while continued export demand would benefit elevation margins for the eastern assets. Sorghum exports remained strong into early 2026, which we expect will benefit our Skyland and Houston assets. As on-farm grain volumes come to market, merchandising opportunities may arise. Domestic premium ingredient demand is also expected to stay solid and should continue to support recent capital growth investments. Expected corn plantings are higher than historical average, which may drive demand for nitrogen products, but volumes will be dependent on farmer economics.Agribusiness had fourth quarter adjusted EBITDA of $80 million, compared to fourth quarter 2024 adjusted EBITDA of $88 million. For the full year, adjusted EBITDA was $187 million in 2025, compared to $218 million in 2024.Renewables Reports Strong Quarter on Record ProductionThe Renewables segment reported pretax income of $54 million in the fourth quarter compared to pretax income of $26 million and pretax income attributable to the company of $17 million in the fourth quarter of 2024.The group reported strong fourth quarter results on efficient plant operations and record production, as well as improved ethanol board crush margins of $0.15/gallon over the prior year. Firmer corn basis and higher natural gas expense partially offset the favorable board crush. Fourth quarter results also included $15 million of 45Z tax credits, bringing the year-to-date total to $35 million. The renewable feedstocks business had another solid quarter, and co-product values improved over the fourth quarter of 2024.Favorable biofuels policies, continuing elevated export demand, upcoming planned industry maintenance, and summer gasoline demand should all support ethanol fundamentals this year. Renewable feedstocks merchandising should also benefit this year with the anticipated robust Renewable Volume Obligations.Renewables recorded EBITDA of $69 million in the fourth quarter of 2025, compared to 2024 fourth quarter EBITDA of $41 million. For the full year, adjusted EBITDA was $203 million in 2025, compared to $189 million 2024.Income TaxesThe company recorded income tax expense at an effective rate of 19% for the fourth quarter and 16% for the year. The rates were impacted by non-taxable 45Z income, the elimination of certain reserves against uncertain tax positions related to R&D tax credits, and the tax treatment of noncontrolling interests.Conference CallThe company will host a webcast on Wednesday, February 18, 2026, at 8:30 a.m. ET, to discuss its performance and provide its outlook for 2026. To access the call, please dial 888-317-6003 or 412-317-6061 (international toll) and use elite entry number: 9697756. It is recommended that you call 10 minutes before the conference call begins. To access the webcast, click on the link: https://app.webinar.net/qPML06xl8dK and submit the requested information as directed. A replay of the call can also be accessed under the heading "Investors" on the company's website at www.andersonsinc.com. Forward-Looking Statements This release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks include economic, weather and regulatory conditions, competition, geopolitical risk, and the risk factors set forth from time to time in the company's filings with the Securities and Exchange Commission. Although the company believes that the assumptions upon which the financial information and its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct.Non-GAAP MeasuresThis release contains non-GAAP financial measures. The company believes that pretax income (loss) attributable to the company; adjusted pretax income (loss) attributable to the company; adjusted pretax income (loss); adjusted net income attributable to the company; adjusted diluted earnings per share; earnings before interest, taxes, depreciation, and amortization (or EBITDA); adjusted EBITDA; and cash from operations before working capital changes provide additional information to investors and others about its operations, allowing an evaluation of underlying operating performance and liquidity and better period-to-period comparability. The above measures are not and should not be considered as alternatives to pretax income (loss) or income (loss) before income taxes, net income (loss), diluted earnings (loss) per share attributable to The Andersons, Inc. common shareholders and cash provided by (used in) operating activities as determined by generally accepted accounting principles. Reconciliations of the GAAP to non-GAAP measures may be found within this press release and the financial tables provided herein.Company DescriptionThe Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.   The Andersons, Inc.Condensed Consolidated Statements of Operations (unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands, except per share data)2025
2024
2025
2024Sales and merchandising revenues$  2,536,249
$  3,123,138
$  11,008,928
$  11,257,548Cost of sales and merchandising revenues2,304,758
2,910,028
10,295,277
10,563,622Gross profit231,491
213,110
713,651
693,926Operating, administrative and general expenses1150,466
147,154
603,363
503,620Interest expense, net12,090
10,266
47,159
31,760Other income, net18,643
11,560
78,340
42,211Income before income taxes87,578
67,250
141,469
200,757Income tax provision16,486
13,146
22,168
30,057Net income71,092
54,104
119,301
170,700Net income attributable to noncontrolling interests3,658
9,014
23,588
56,688Net income attributable to The Andersons, Inc.$        67,434
$        45,090
$        95,713
$      114,012







Earnings per share attributable to The Andersons, Inc. common shareholders:






Basic earnings:$            1.98
$            1.32
$            2.81
$            3.35Diluted earnings:$            1.97
$            1.31
$            2.79
$            3.321 Operating, administrative and general expenses includes asset impairment charges of $18.1 million, for the year ended December 31, 2025, to    facilitate period-over-period comparability. The Andersons, Inc.Condensed Consolidated Balance Sheets (unaudited)
(in thousands)December 31, 2025
December 31, 2024Assets


Current assets:


Cash and cash equivalents$                      98,283
$                    561,771Accounts receivable, net652,472
764,550Inventories1,365,121
1,286,811Commodity derivative assets – current135,466
148,801Other current assets125,067
88,344Total current assets2,376,409
2,850,277Other assets:


Goodwill127,856
127,856Other intangible assets, net63,510
69,345Right of use assets, net108,792
104,630Other assets, net96,765
101,055Total other assets396,923
402,886Property, plant and equipment, net939,500
868,151Total assets$                 3,712,832
$                 4,121,314



Liabilities and equity


Current liabilities:


Short-term debt$                    249,420
$                    166,614Trade and other payables918,691
1,047,436Customer prepayments and deferred revenue                                                                                195,331
194,025Commodity derivative liabilities – current51,153
59,766Current maturities of long-term debt63,375
36,139Accrued expenses and other current liabilities208,427
227,192Total current liabilities1,686,397
1,731,172Long-term lease liabilities71,545
65,312Long-term debt, less current maturities560,016
608,151Other long-term liabilities104,639
116,843Total liabilities2,422,597
2,521,478Total equity1,290,235
1,599,836Total liabilities and equity$                 3,712,832
$                 4,121,314 The Andersons, Inc.Consolidated Statements of Cash Flows(unaudited)

Twelve months ended December 31,(in thousands)2025
2024Operating Activities


Net income$     119,301
$     170,700Adjustments to reconcile net income to cash provided by operating activities:


Depreciation and amortization133,323
127,804Bad debt expense, net4,664
17,637Stock-based compensation expense16,984
13,629Deferred income taxes(6,009)
(2,911)Other19,910
(3,595)Changes in operating assets and liabilities, net of assets acquired and liabilities assumed:                         


Accounts and notes receivable104,572
35,777Inventories(72,399)
87,906Commodity derivatives6,000
15,005Other current and non-current assets4,732
(28,050)Payables and other current and non-current liabilities(144,080)
(102,396)Net cash provided by operating activities176,998
331,506Investing Activities


Purchases of property, plant and equipment and capitalized software(233,123)
(149,187)Property insurance proceeds28,124
12,137Proceeds from sale of businesses11,263
—Acquisition of businesses, net of cash acquired—
(29,172)Other(1,579)
3,148Net cash used in investing activities(195,315)
(163,074)Financing Activities


Net (payments) receipts under short-term lines of credit79,897
(91,951)Proceeds from issuance of long-term debt14,700
67,000Payments of long-term debt(36,208)
(83,589)Distributions to noncontrolling interest owner(33,768)
(102,295)Dividends paid(26,848)
(26,273)Common stock repurchased(15,366)
(2,295)Purchase of noncontrolling interest in a consolidated subsidiary(425,000)
—Other(4,555)
(10,956)Net cash used in financing activities(447,148)
(250,359)Effect of exchange rates on cash and cash equivalents1,977
(156)Decrease in Cash and cash equivalents(463,488)
(82,083)Cash and cash equivalents at the beginning of the period561,771
643,854Cash and cash equivalents at the end of the period$       98,283
$     561,7711 Other adjustments to reconcile net income to cash provided by operating activities includes asset impairment charges of $18.1 million, for the year   ended December 31, 2025, to facilitate period-over-period comparability. The Andersons, Inc.Adjusted Net Income Attributable to The Andersons, Inc.A non-GAAP financial measure(unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands, except per share data)2025
2024
2025
2024Net income$       71,092
$       54,104
$     119,301
$     170,700Net income attributable to noncontrolling interests3,658
9,014
23,588
56,688Net income attributable to The Andersons, Inc.67,434
45,090
95,713
114,012Adjustments:






Insured inventory and property recoveries, net(216)
(4,446)
(12,861)
(9,650)Asset impairment—
—
11,376
—Transaction related compensation1,879
2,536
7,462
11,104Loss on investments—
1,535
7,178
1,535Acquisition costs—
2,738
5,927
2,738Loss (gain) on sales of assets and businesses, net310
—
(4,447)
—Severance expense1,480
—
2,677
—Pension settlement—
—
1,448
—Gain on deconsolidation of joint venture—
—
—
(3,117)Income tax impact of adjustments1(865)
(590)
(3,514)
42Total adjusting items, net of tax2,588
1,773
15,246
2,652Adjusted net income attributable to The Andersons, Inc.$       70,022
$       46,863
$     110,959
$     116,664







Diluted earnings per share attributable to The Andersons, Inc. common shareholders $           1.97
$           1.31
$           2.79
$           3.32







Impact on diluted earnings per share$           0.07
$           0.05
$           0.44
$           0.08Adjusted diluted earnings per share attributable to The Andersons, Inc. common shareholders$           2.04
$           1.36
$           3.23
$           3.401 The income tax impact of adjustments is taken at the blended federal, state, and local tax rate of 25% with the exception of the impairment of an equity    method investment of $4.4 million in 2025 and certain transaction related compensation in 2024.
Adjusted net income (loss) attributable to The Andersons, Inc. reflects reported net income (loss) available to The Andersons, Inc. common shareholders after the removal of specified items described above. Adjusted diluted earnings (loss) per share reflects the fully diluted EPS of The Andersons, Inc. after removal of the effect on EPS as reported of specified items described above. Management believes that Adjusted net income (loss) attributable to The Andersons, Inc. and Adjusted diluted earnings (loss) per share are useful measures of The Andersons, Inc. performance as they provide investors additional information about the operations of the company allowing better evaluation of underlying business performance and better comparability to previous periods. These non-GAAP financial measures are not intended to replace or be alternatives to Net income attributable to The Andersons, Inc. and Diluted earnings attributable to The Andersons, Inc. common shareholders as reported, the most directly comparable GAAP financial measures, or any other measures of operating results under GAAP. Earnings amounts described above have been divided by the company's average number of diluted shares outstanding for each respective period in order to arrive at an adjusted diluted earnings (loss) per share amount for each specified item. The Andersons, Inc.Segment Data (unaudited)
(in thousands)Agribusiness
Renewables
Other
TotalThree months ended December 31, 2025






Sales and merchandising revenues$     1,862,983
$        673,266
$                 —
$     2,536,249Gross profit179,337
52,154
—
231,491Operating, administrative and general expenses127,320
10,844
12,302
150,466Other income (loss), net4,095
15,580
(1,032)
18,643Income (loss) before income taxes45,898
54,310
(12,630)
87,578Income attributable to noncontrolling interests3,658
—
—
3,658Income (loss) before income taxes attributable to The Andersons, Inc.1$          42,240
$          54,310
$        (12,630)
$          83,920Adjustments to income before income taxes22,798
—
655
3,453Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          45,038
$          54,310
$        (11,975)
$          87,373







Three months ended December 31, 2024






Sales and merchandising revenues$     2,409,549
$        713,589
$                 —
$     3,123,138Gross profit176,085
37,025
—
213,110Operating, administrative and general expenses122,923
11,293
12,938
147,154Other income (loss), net12,039
958
(1,437)
11,560Income (loss) before income taxes55,270
26,020
(14,040)
67,250Income attributable to noncontrolling interests73
8,941
—
9,014Income (loss) before income taxes attributable to The Andersons, Inc.1$          55,197
$          17,079
$        (14,040)
$          58,236Adjustments to income before income taxes2828
—
1,535
2,363Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          56,025
$          17,079
$        (12,505)
$          60,5991 Income (loss) before income taxes attributable to The Andersons, Inc. for each operating segment is defined as net sales and merchandising revenues   plus identifiable other income less all identifiable operating expenses, including interest expense for carrying working capital and long-term assets and is   reported net of the noncontrolling interest share of income.2 Additional information on the individual adjustments that are included in the adjustments to income (loss) before income taxes can be found in the   Reconciliation to EBITDA and Adjusted EBITDA table. All adjustments are consistent with the EBITDA reconciliation with the exception of items where a   portion of the expense is attributable to the noncontrolling interest and is represented in Income attributable to the noncontrolling interest within the   reconciliation above. These adjustments include a $0.1 million difference in insured inventory and property recoveries, net for the three months ended   December 31, 2025, and a $0.5 million difference in acquisition costs in the Agribusiness segment for the three months ended December 31, 2024. The Andersons, Inc.Segment Data (continued)(unaudited)
(in thousands)Agribusiness
Renewables
Other
TotalTwelve months ended December 31, 2025






Sales and merchandising revenues$     8,260,004
$     2,748,924
$                 —
$   11,008,928Gross profit556,907
156,744
—
713,651Operating, administrative and general expenses501,712
46,032
55,619
603,363Other income (loss), net44,874
35,071
(1,605)
78,340Income (loss) before income taxes56,587
140,102
(55,220)
141,469(Loss) income attributable to noncontrolling interests(275)
23,863
—
23,588Income (loss) before income taxes attributable to The Andersons, Inc.1$          56,862
$        116,239
$        (55,220)
$        117,881Adjustments to income before income taxes27,378
9,279
2,103
18,760Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$          64,240
$        125,518
$        (53,117)
$        136,641







Twelve months ended December 31, 2024






Sales and merchandising revenues$     8,456,381
$     2,801,167
$                 —
$   11,257,548Gross profit522,992
170,934
—
693,926Operating, administrative and general expenses418,110
37,011
48,499
503,620Other income (loss), net35,185
8,665
(1,639)
42,211Income (loss) before income taxes109,156
139,760
(48,159)
200,757Income attributable to noncontrolling interests73
56,615
—
56,688Income (loss) before income taxes attributable to The Andersons, Inc.1$        109,083
$          83,145
$        (48,159)
$        144,069Adjustments to income (loss) before income taxes24,192
(3,117)
1,535
2,610Adjusted income (loss) before income taxes attributable to The Andersons, Inc.1$        113,275
$          80,028
$        (46,624)
$        146,6791 Income (loss) before income taxes attributable to The Andersons, Inc. for each operating segment is defined as net sales and merchandising revenues   plus identifiable other income less all identifiable operating expenses, including interest expense for carrying working capital and long-term assets and is   reported net of the noncontrolling interest share of income.2 Additional information on the individual adjustments that are included in the adjustments to income (loss) before income taxes can be found in the  Reconciliation to EBITDA and Adjusted EBITDA table. All adjustments are consistent with the EBITDA reconciliation with the exception of items where a  portion of the expense is attributable to the noncontrolling interest and is represented in Income attributable to the noncontrolling interest within the  reconciliation above. These adjustments include a $5.8 million difference in insured inventory and property recoveries, net, and a $2.3 million difference in  asset impairments in the Agribusiness segment for the year ended December 31, 2025, and a $0.5 million difference in acquisition costs in the Agribusiness  segment for the year ended December 31, 2024.  The Andersons, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)A non-GAAP financial measure(unaudited)
(in thousands)Agribusiness
Renewables
 Other
 TotalThree months ended December 31, 2025






Net income (loss)$         45,898
$         54,310
$       (29,116)
$         71,092Interest expense (income)10,214
2,580
(704)
12,090Tax provision—
—
16,486
16,486Depreciation and amortization20,651
12,031
583
33,265EBITDA76,763
68,921
(12,751)
132,933Adjusting items impacting EBITDA:






Transaction related compensation1,879
—
—
1,879Insured inventory and property recoveries, net(72)
—
—
(72)Loss on sales of assets and businesses, net310
—
—
310Severance expense825
—
655
1,480Total adjusting items2,942
—
655
3,597Adjusted EBITDA$         79,705
$         68,921
$       (12,096)
$       136,530







Three months ended December 31, 2024






Net income (loss)$         55,270
$         26,020
$       (27,186)
$         54,104Interest expense (income)9,931
670
(335)
10,266Tax provision—
—
13,146
13,146Depreciation and amortization21,144
14,079
955
36,178EBITDA86,345
40,769
(13,420)
113,694Adjusting items impacting EBITDA:






Loss on investments—
—
1,535
1,535Transaction related compensation2,536
—
—
2,536Insured inventory and property recoveries, net(4,446)
—
—
(4,446)Acquisition costs3,193
—
—
3,193Total adjusting items1,283
—
1,535
2,818 Adjusted EBITDA$         87,628
$         40,769
$       (11,885)
$       116,512Adjusted EBITDA is defined as earnings before interest, taxes and depreciation and amortization, adjusted for specified items. The company calculates adjusted EBITDA by removing the impact of specified items and adding back the amounts of interest expense, tax expense and depreciation and amortization to net income (loss). Management believes that adjusted EBITDA is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to net income (loss), the most directly comparable GAAP financial measure. The Andersons, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)A non-GAAP financial measure(unaudited)
(in thousands)Agribusiness
Renewables
 Other
 TotalTwelve months ended December 31, 2025






Net income (loss)$         56,587
$       140,102
$       (77,388)
$       119,301Interest expense (income)43,482
5,681
(2,004)
47,159Tax provision—
—
22,168
22,168Depreciation and amortization82,676
48,036
2,611
133,323EBITDA182,745
193,819
(54,613)
321,951Adjusting items impacting EBITDA:






Loss on investments7,178
—
—
7,178Transaction related compensation7,462
—
—
7,462Insured inventory and property recoveries, net(18,620)
—
—
(18,620)Gain on sales of assets and businesses, net(4,447)
—
—
(4,447)Severance expense2,022
—
655
2,677Acquisition costs—
5,927
—
5,927Asset impairment10,346
3,352
—
13,698Pension settlement—
—
1,448
1,448Total adjusting items3,941
9,279
2,103
15,323Adjusted EBITDA$       186,686
$       203,098
$       (52,510)
$       337,274







Twelve months ended December 31, 2024






Net income (loss)$       109,156
$       139,760
$       (78,216)
$       170,700Interest expense (income)30,911
2,828
(1,979)
31,760Tax provision—
—
30,057
30,057Depreciation and amortization72,993
49,705
5,106
127,804EBITDA213,060
192,293
(45,032)
360,321Adjusting items impacting EBITDA:






Loss on investments—
—
1,535
1,535Transaction related compensation11,104
—
—
11,104Insured inventory and property recoveries, net(9,650)
—
—
(9,650)Acquisition costs3,193
—
—
3,193Gain on deconsolidation of joint venture—
(3,117)
—
(3,117)Total adjusting items4,647
(3,117)
1,535
3,065Adjusted EBITDA$       217,707
$       189,176
$       (43,497)
$       363,386Adjusted EBITDA is defined as earnings before interest, taxes and depreciation and amortization, adjusted for specified items. The company calculates adjusted EBITDA by removing the impact of specified items and adding back the amounts of interest expense, tax expense and depreciation and amortization to net income (loss). Management believes that adjusted EBITDA is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to net income (loss), the most directly comparable GAAP financial measure. Andersons, Inc.Cash from Operations Before Working Capital ChangesA non-GAAP financial measure(unaudited)

Three months ended December 31,
Twelve months ended December 31,(in thousands)2025
2024
2025
2024Cash provided by (used in) operating activities$       (6,185)
$     268,811
$     176,998
$     331,506Changes in operating assets and liabilities, net of assets acquired and liabilities assumed:






Accounts receivable61,722
32,279
104,572
35,777Inventories(464,183)
(191,041)
(72,399)
87,906Commodity derivatives3,459
(34,322)
6,000
15,005Other current and non-current assets21,646
31,326
4,732
(28,050)Payables and other current and non-current liabilities261,319
330,673
(144,080)
(102,396)Total changes in operating assets and liabilities(116,037)
168,915
(101,175)
8,242Cash from operations before working capital changes$     109,852
$       99,896
$     278,173
$     323,264Cash from operations before working capital changes is defined as cash provided by (used in) operating activities before the impact of changes in working capital within the statement of cash flows. The company calculates cash from operations by eliminating the effect of changes in accounts receivable, inventories, commodity derivatives, other current and non-current assets, and payables and other current and non-current liabilities; and adjusted by specific items from the cash provided by (used in) operating activities. Management believes that cash from operations before working capital changes is a useful measure of the company's performance as it provides investors additional information about the company's operations allowing better evaluation of underlying business performance and improved comparability to prior periods. Cash from operations before working capital changes is a non-GAAP financial measure and is not intended to replace or be an alternative to cash provided by (used in) operating activities, the most directly comparable GAAP financial measure.



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-reports-fourth-quarter-and-full-year-results-302689729.htmlSOURCE The Andersons, Inc.

Original: The Andersons, Inc. Reports Fourth Quarter and Full Year Results

The Andersons, Inc. Declares Cash Dividend for Second Quarter 2026February 12, 2026 4:05 PM
PR Newswire (US)

MAUMEE, Ohio, Feb. 12, 2026 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a second quarter 2026 cash dividend of 20 cents ($0.20) per share payable on April 22, 2026, to shareholders of record as of April 01, 2026.







This is The Andersons 118th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.About The Andersons, Inc. 
The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-andersons-inc-declares-cash-dividend-for-second-quarter-2026-302686859.htmlSOURCE The Andersons, Inc.

Original: The Andersons, Inc. Declares Cash Dividend for Second Quarter 2026

ANDE buy 55.89

bull flag breakout
measured move
first pullback to resistance turned to support

inverted head and shoulders breakout
high volume confirmation

https://finance.yahoo.com/quote/ANDE/profile?p=ANDE

https://www.barchart.com/stocks/quotes/ANDE

https://finviz.com/quote.ashx?t=ANDE

https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=ANDE

https://stockcharts.com/c-sc/sc?chart=ANDE,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b

https://www.barchart.com/etfs-funds/quotes/ANDE/technical-chart?plot=CANDLE&volume=toANDE&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=ANDE&grid=1&height=500&studyheight=100&timeframe=2%20Months




normal chart









log chart









normal chart








log chart

GERS Receives Contingency Offer To Restart Litigation Against Ethanol Industry...
This includes ANDE's unlicensed use of GERS' oil extraction technology.

CleanTech subsequently received an opinion of counsel that its remaining seven of twelve corn oil extraction patents are clearly valid and enforceable, along with a contingency-based offer to restart the infringement litigation from scratch. We are evaluating our rights and remedies in connection with all applicable matters, and we are unable to characterize or evaluate the probability of any outcome at this time

Further, in connection with ongoing patent filings, the USPTO allowed CleanTech’s new corn oil extraction patents after considering the very information that the District Court found to have been withheld, and upon which the bulk of the District Court’s rulings were based. All of the information alleged to have been “knowingly withheld” from the USPTO in connection with the patents in suit was provided to and considered by the USPTO prior to issuance of several additional patents that are not covered by the District Court’s prior rulings (the “New Patents”). The USPTO subsequently disagreed that deception of any kind occurred when, on February 21, 2020, it issued another patent to us after reviewing the very evidence that was allegedly “withheld,” along with everything the defendants ever submitted and claimed, as well as the District Court’s 2014 and 2016 rulings – all in light of the facts that were never presented to a jury. Significantly, the new patent was allowed by the same examiner that the District Court said was deceived. In other words, the same patent examiner that was allegedly deceived looked at the purported evidence and claims of deception, and disagreed that she had ever been deceived. Thus, in issuing that patent, the examiner concluded that the inventive process was not “ready for patenting” in July 2003, that an invalidating “offer for sale” did not occur in July 2003, and that the “ready for patenting” and “offer for sale” information that the District Court determined to have been “deliberately withheld” from the USPTO was immaterial to patentability.

Can't believe I'm the only poster for this solid company. Of course, commodities and trading and transportation and ag input supplies are in a funk. We're in this incredible bull market for tech, and pharma, and "marijuana" and a thousand foo foo dust ideas that aren't going anywhere. WeWork was a real eye opener. Took us right back to the dot.com era of the early 2000's. You could sell almost anything with a tech label on it. So now, we have enormous public and private debt scenarios to deal with. Corps have borrowed excessively to do what? buy back their own shares at a premium, That sounds like a winning strategy... winning for whom ? insiders who will be long gone when the debt has to be repaid. Today, for investors in commodities and the commodities complex, there is much more than a little bit of hope. The US and world equity markets are doing a redux of" The Little Engine Who Could...I think I can, I think I can etc. The Bull in stocks is tired and distracted by other things. Commodities will rise very quickly and very high. Gold, corn, you name it. Our time has really come. Enjoy it while it last, cause it won't last forever, that's for sure. Let's see if anyone finds this post and, even better, responds.
Peace. Cheers.

Ag Sector Strung Up and Out

Monsoon rains and floods/trade war activity/higher interest rates/land prices rising...other than that, agriculture and agribusiness in America is doing just fine. Reminds me of the 70's after the infamous Carter grain embargo of the Soviets followed by grain gluts followed by a wilting drought.

it's often the best of times, followed by the worst of times. Corn growers---thank God for ethanol. Also, thank God for soybeans if that's what it comes to this spring.

Good luck to all.

This Board should be much more lively. This a a terrific investment going forward.

I'm not pumping.

Historically, this stock went from $8 to $120 and split a few times. It's heading back to the $60's IMHO.

More normal weather in the Eastern Corn Belt will reveal just what this company can do for its customers and shareholders. Tough times have really leaned their business model. Rail and Ethanol are much more seasoned and can have a material influence on the overall portfolio.

See you at $50 soon.

GLTA

As Painful As it is,

The closing of the Retail Group will help focus this very worthy company in a way that is needed in this new Century and environment.

Bricks and mortar retailing is tough today. If Andersons couldn't do it, then a lot more will fall.

This should put at least 2 or 3 dollars on the SP going forward.

LOL I will forgive you for the pun.

Winner Winner --- chicken dinner!!

Up 30% today!!!

ANDE news!!!

ANDE hostile takeover bid today...

ANDE hostile takeover bid last night

Takeover of company.....will it happen? Company says "not"

Form 5 was filed late by the investor. Something must be up to cause him to file. A lawyer must have woke him up to this for some reason. Takeover?

Up 3.79% today

ANDE up 1.63% today....fertilizer company

stock bottomed today at $34.70 and is on a run now

Year ended December 31,




2014



2013



2012


Sales and merchandising revenues

$

4,540,071






$

5,604,574






$

5,272,010





Cost of sales and merchandising revenues

4,142,932






5,239,349






4,914,005





Gross profit

397,139






365,225






358,005





Operating, administrative and general expenses

318,881






278,433






246,929





Interest expense

21,760






20,860






22,155





Other income:












Equity in earnings of affiliates, net

96,523






68,705






16,487





Other income, net

31,125






14,876






14,725





Income before income taxes

184,146






149,513






120,133





Income tax provision

61,501






53,811






44,568





Net income

122,645






95,702






75,565





Net income (loss) attributable to the noncontrolling interests

12,919






5,763






(3,915

)


Net income attributable to The Andersons, Inc.

$

109,726






$

89,939






$

79,480





Per common share:












Basic earnings attributable to The Andersons, Inc. common shareholders

$

3.85






$

3.20






$

2.85





Diluted earnings attributable to The Andersons, Inc. common shareholders

$

3.84






$

3.18






$

2.82





Dividends paid

$

0.4700






$

0.4300






$

0.4000





The Notes to Consolidated Financial Statements are an integral part of these statements.

Authorized shares = 63MM and 1M shares of preferred stock, no par value. There were 28M shares of common stock outstanding and no shares of preferred stock are outstanding.

D&O's own 6% of the outstanding shares of ANDE. 4 institutions are beneficial owners holding a total of 30% of the outstanding shares.

ANDE is a company involved in agriculture. Founded in Ohio in 1947, it conducts business in the grain, ethanol, plant nutrient and rail sectors. The Company produces turf and cob products and has does consumer retailing. ANDE’s operations are classified into six reportable business segments per the 10-K: Grain, Ethanol, Rail, Plant Nutrient, Turf & Specialty, and Retail. For the year ended December 31, 2014, ANDE’s revenues were $5B, total assets were $2B and net income was $123M. The stock price is decreasing per the chart patterns.

Item 1.01 Entry into a Material Definitive Agreement.

On May 16, 2015, The Andersons, Inc. (the "Company") entered into an agreement to purchase (the "Stock Purchase Agreement") Kay Flo Industries, Inc. (the "Sellers"), and certain subsidiaries. The Company acquired 100% of the outstanding shares of Kay Flo Industries, Inc., which included all subsidiaries except the animal nutrient business. The purchase price was approximately $125.6 million, which includes estimated working capital of the acquired entities and other closing adjustments. As further consideration, the Company will pay the Sellers up to an additional $24.0 million pursuant to an earn-out provision. The Company is funding this transaction with long-term debt, short-term debt, and cash on hand. The debt is being drawn from the Company's existing line of credit. The Stock Purchase Agreement is filed as Exhibit 2.1 and incorporated herein by reference.

NET ETHANOL MARGINS per Gallon
http://www.professionalagmarketing.com/images/E0176001/EthanolMarginSheet.pdf


NET ETHANOL MARGIN CHART per Gallon for the Last Year to Date
http://www.allendale-inc.com/wp-content/uploads/2012/10/ethanol%20margin.jpg


The Sep ethanol-corn crush margin last week rose by +5.5 cents to 53.7 cents/gallon.

Including DDGS, the Sep corn for ethanol crush margin rose by +4.2 cents to 123.4 cents/gallon. http://www.insidefutures.com/article/1025425/CME%20Group%20Ethanol%20Outlook%20Report%20-%20August%2019,%202013.html

New ANDE Record 16.5M Pounds! +470% .66 Per Bushel!

I'm big into GERS, an ethanol technology upgrade company.
GERS 2nd Largest Customer, ANDE, Extracted a Record .66 Pounds of oil Per Bushel, 16.5 Million Pounds of corn oil!

That's an increase of 470% from the 2.9 million pounds in Q311.

Up 2 million pounds from the 14.5 million in Q212.

GERS' invented corn oil extraction. You see, a whole corn kernal is hard on the digestive tracks of livestock. When an ethanol plant converts the starch to alcohol, the rest is animal feed. GERS has a system that gets the corn oil out to make an even better, high quality, low fat, high protein animal feed. More DDGS can be fed to animals with the oil removed.

ANDE along with MPC are using GERS' technology at their plants.

Ethanol (gallons shipped) 70.4 M
Corn Oil (pounds shipped) 16.5 M

The results from GERS' 2nd largest customer include 2 ethanol plants that are part owned by Marathon Oil, MPC, as well as the Amaizing Energy plant in Iowa that settled the lawsuit.
http://www.sec.gov/Archives/edgar/data/821026/000082102612000030/ande2012093010-q.htm


As you can see, this ex infringer is now contributing to GERS revenues. GERS is suing a lot of companies for stealing their technology. Amaizing Energy was one of those companies but ANDE bought them out and are now licensed with GERS.

GPRE is GERS' largest customer.

Corn oil sales also contributed to the significant increase over the third quarter year-to-date period of 2011, there were no corn oil sales for the Ethanol Group until 2012. In addition, the acquisition of TADE in the second quarter of 2012 added $52.5 million in ethanol sales, $15.3 million of DDG sales, $1.8 million of corn oil sales and $0.8 million of syrup sales.

12. Business Acquisitions
On May 1, 2012, the Company and its subsidiary, The Andersons Denison Ethanol LLC ("TADE") completed the purchase of certain assets of an ethanol production facility in Denison, Iowa for a purchase price of $77.4 million. Previously owned by Amaizing Energy Denison LLC and Amaizing Energy Holding Company, LLC, the operations consist of a 55 million gallon annual production capacity ethanol facility with an adjacent 2.7 million bushel grain terminal, with direct access to two Class 1 railroads in Iowa. TADE has been organized to provide investment opportunity for the Company and potential outside investors. The Company owns the grain terminal, manages TADE, and provides grain origination, risk management, and DDG and ethanol marketing services. The Company currently owns a controlling interest of 85% of TADE, and therefore includes TADE's results of operations in its consolidated financial statements. The fair value of the noncontrolling interest in TADE purchased by the minority investor at the acquisition date was $6.1 million.

Congratulations to GERS' 2nd largest customer, ANDE, on a fantastic quarter in a tough environment.

Good Luck To All!$!$!$

~ $ANDE ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $ANDE ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.

Weekend Investor
Ethanol Stocks Bust but Stay a Risky Buy
By HERB GREENBERG
March 15, 2008; Page B2

The good news for VeraSun Energy Corp., one of the country's largest ethanol producers: Its most recent quarter beat gloomy analyst estimates.

The bad news: Even with the better-than-expected results, profit for the fourth quarter tumbled 81% as the economics of ethanol (for the time being, at least) remained upside down.

Such is life in what had been the fast lane of an industry that emerged on Wall Street several years ago on a wave of corn-fed momentum after decades of a quiet life back home in the Midwest.


It has since been a classic boom-to-bust stock story, with shares of anything remotely related to ethanol trading at a fraction of what they had been at their highs, which for most was the day they went public during a frenzy that lasted from the summer of 2006 to early 2007.

Analyst Mark Miller of William Blair & Co. perhaps summed it up best on VeraSun's fourth-quarter earnings call this past week when he commented, "This is the first conference call where the stock has traded below book value." The same could be said for the other major ethanol pure plays: Aventine Renewable Energy Holdings Inc., Pacific Ethanol Inc. and US BioEnergy Corp., which is about to merge with VeraSun.

Mr. Miller, in noting the below-net-worth value, wondered whether management had anything to say about the stock's slide, since it implied "you are not going to earn your cost of capital...." Chief Executive Don Endres, who founded the South Dakota company and whose family has been in farming for generations, responded that he believed "there is a lot of misinformation that's out there" that has scared small investors, which he believes is "unfortunate, because this has so much potential."

That, as you might have heard, is subject to much debate. Ethanol's from-out-of-nowhere boom was tied almost exclusively to its use as a replacement to methyl tertiary-butyl ether, a gasoline additive that had been proved to be a carcinogenic groundwater pollutant. "These guys IPO'ed when corn was $1.80 to $1.90 [a bushel] and ethanol was $4.50 a gallon because of a shock to the system: The momentary disconnect when MTBE fell off," says Ian Horowitz, an analyst for Soleil Securities. "If I'm Valero, I don't care what I have to pay for a replacement product, I just know I have to get it in. It wasn't a pricing decision."

Now, with corn at $5.64 a bushel and ethanol at about $2.60 a gallon, he says "it's all digested and worked through," which means ethanol becomes just another commodity. Modern refiners typically can produce about 2.8 gallons of ethanol from a bushel of corn. Like any commodity, Mr. Horowitz adds, ethanol is dictated by its own set of variables over which it has no control: oil, corn, natural gas and the spread between ethanol and gasoline.

There also are uncertainties over future government mandates for the use of ethanol, subsidies to refiners for using ethanol, the possibility that tariffs on imported ethanol will be reduced or eliminated and a host of other concerns that have cropped up lately.

"There are a lot of emotional issues people raise," Mr. Endres, VeraSun's CEO, told me by phone. Ethanol, he says, is now "10% of the fuel industry, so we're up on the radar of a whole lot of groups that have a large amount of resources that they can use to push against us."

He believes that other worries, such as high corn prices and overcapacity, will work themselves out in the next year or two. "We're forging new ground and a new world in energy prices," he says. "We believe this is a new business opportunity."

Maybe it is, but a bigger question is whether at these prices ethanol stocks are the bargain they appear to be. Soleil's Mr. Horowitz -- who was publicly dubious of most ethanol companies before they went public -- doesn't think they are. He believes a safer approach is through diversified agricompanies such as Archer Daniels Midland Co. or Andersons Inc.

If ethanol goes bad, "it implies some other part of their business is working very well," he says. "They don't care if they're making money in biodiesels or ethanol." Too risky, they no doubt realize, to bet the farm on.

The insider selling continues...

INSIDER TRANSACTIONS RELATED INFO: • Insider Holdings
• Institutional Holdings


Andersons Inc. PRINT HELP

Transactions Summary
# of Buys # of Sells Shares Bought Shares Sold Net Change in Shares
Last 3 months 0 6 0 9,500 -9,500
Last 6 months 0 26 0 172,892 -172,892
Last 12 months 0 43 0 242,732 -242,732
Source: First Call / Thomson Financial
Transactions by Date
Date Name
Title Action Shares Price Value
1/09/08 ANDERSON MICHAEL J CEO Sold 2,500 $46.1 $115,250
1/08/08 SMITH GARY L OT Sold 500 $46.65 $23,325
12/12/07 ANDERSON MICHAEL J CEO Sold 2,500 $41.69 $104,225
12/11/07 SMITH GARY L OT Sold 500 $40.9 $20,450
11/30/07 REED HAROLD M O Sold 1,000 $44.06 $44,060
11/30/07 ADDIS DENNIS J O Sold 2,500 $44.9 $112,250
10/10/07 ANDERSON MICHAEL J CEO Sold 2,500 $47.39 $118,475
8/30/07 REED HAROLD M O Sold 1,000 $47.65 $47,650
8/30/07 SMITH GARY L OT Sold 2,000 $47.68 $95,360
8/30/07 NICHOLS DAVID L D Sold 10,597 $46.65 $494,369
8/29/07 ANDERSON RICHARD P CB Sold 71,151 $46.2 $3,286,976
8/29/07 REED HAROLD M O Sold 4,000 $46.65 $186,610
8/27/07 REED HAROLD M O Sold 700 $46.63 $32,639
8/27/07 ADDIS DENNIS J O Sold 500 $47.5 $23,750
8/23/07 ANDERSON MICHAEL J CEO Sold 3,500 $47.06 $164,710
8/16/07 RIBEAU SIDNEY A D Sold 444 $43.4 $19,270
8/13/07 ANDERSON RICHARD P CB Sold 20,000 $50.36 $1,007,200
8/13/07 GALLAGHER CHARLES E O Sold 1,500 $50.13 $75,195
8/13/07 ANDERSON DANIEL T O Sold 30,000 $49.75 $1,492,400
8/09/07 ANDERSON MICHAEL J CEO Sold 2,500 $51.74 $129,350
8/09/07 REED HAROLD M O Sold 400 $51.98 $20,792
8/09/07 REED HAROLD M O Sold 600 $49.2 $29,518
8/08/07 NICHOLS DAVID L D Sold 2,000 $48.0 $96,000
8/06/07 FALLAT DALE W O Sold 4,000 $45.85 $183,390
8/06/07 ANDERSON MICHAEL J CEO Sold 4,000 $46.51 $186,025
8/03/07 SMITH GARY L OT Sold 2,000 $46.75 $93,500
3/09/07 WAGGONER THOMAS LOWELL O Sold 1,558 $42.58 $66,331
3/07/07 GALLAGHER CHARLES E O Sold 5,000 $42.23 $211,149
3/07/07 REED HAROLD M O Sold 2,500 $41.37 $103,425
3/06/07 GEORGE RICHARD R O Sold 6,126 $40.76 $249,695
3/02/07 ANDERSON MICHAEL J CEO Sold 2,000 $41.72 $83,430
3/01/07 REED HAROLD M O Sold 1,006 $42.8 $43,056
2/27/07 REED HAROLD M O Sold 6,000 $41.34 $248,040
2/26/07 KRAUS PAUL M D Sold 22,000 $43.46 $956,010
2/22/07 REED HAROLD M O Sold 1,000 $39.31 $39,305
2/22/07 ANDERSON MICHAEL J CEO Sold 5,000 $41.41 $207,030
2/21/07 ANDERSON MICHAEL J CEO Sold 2,000 $40.73 $81,460
2/16/07 REED HAROLD M O Sold 500 $40.39 $20,195
2/15/07 GALLAGHER CHARLES E O Sold 5,000 $40.0 $200,012
2/15/07 ADDIS DENNIS J O Sold 650 $40.0 $26,000
2/15/07 REED HAROLD M O Sold 500 $39.37 $19,685
2/13/07 ANDERSON MICHAEL J CEO Sold 3,000 $40.5 $121,500
2/12/07 SMITH GARY L OT Sold 6,000 $40.0 $240,000
Source: First Call / Thomson Financial

The Andersons, Inc. Expects EPS to Exceed Previous Guidance


MAUMEE, Ohio, NOV. 29 /PRNewswire-FirstCall/ -- The Andersons, Inc. (Nasdaq: ANDE) announced today it expects its full-year earnings per share to exceed previous projections.

The current guidance range is between $3.40 and $3.60 per diluted share, up from the previous guidance of $3.15 to $3.35 per diluted share estimated in October. Further income improvements in the Plant Nutrient Group and continued increases in our grain business and income from our investment in Lansing Trade Group have led to this unprecedented performance. The company's earnings per diluted share for 2006 was $2.19.

"We are very excited about the way this year is shaping up for us, it is a tremendous performance by our team," says CEO Mike Anderson. "There are many factors contributing to this outstanding year, which we detailed in our recent conference call. Also, as noted in the call, some of these items are unlikely to be repeated which may limit our ability to perform at this record level next year."

About The Andersons, Inc. The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in seven U.S. states plus rail leasing interests in Canada and Mexico. For more, visit The Andersons online at www.andersonsinc.com.


SOURCE The Andersons, Inc.

ANDE appears to be in a pre-signal buy today. Will be on a buy with a decisive close > 5-day EMA.

no, RIGHT stock !!!

Andersons been in a steady clim since last Oct. Will it continue?

Edit, Nevermind. Wrong stock <g>.

Not playing it yet.

You tactic appears solid timhyma...

frenchee- you playing this one? I just stumbled across it while looking for a food/fertilizer stock.

I'm think it closes the gap and bounces of the 200 ema around $42 for an entry. Thoughts?

Short-term sell signal on ANDE now in effect as ANDE closed below its 5-day EMA while being overbought.

ANDE almost ready for a short...longs beware!