Pooran Sharma's questions to Andersons Inc (ANDE) leadership • Q4 2024
Question
Pooran Sharma from Stephens Inc. asked about the potential impact of trade tariffs, the integration progress and financial outlook for the Skyland Grain investment, and the expected benefit to the Nutrient business from a shift to more corn acreage.
Answer
President and CEO William Krueger explained that the company's domestic focus limits its exposure to trade tariffs, with no material impact expected for 2025. On the Skyland Grain acquisition, Krueger noted that commercial integration is ahead of schedule, while EVP and CFO Brian Valentine reaffirmed the $30M-$40M annual EBITDA contribution target, citing a strong start. Krueger also confirmed that corn requires substantially more nutrient inputs than other crops, making an expected increase in corn acreage a significant positive for the new Agribusiness segment.