Andersons (ANDE) Company Report

The Andersons reported adjusted net income of $29 million, or $0.84 per diluted share, for Q3 2025, an increase from $25 million or $0.72 per diluted share in Q3 2024.
Agribusiness adjusted pre-tax income declined to $2 million in Q3 2025 from $19 million in Q3 2024, while Renewables adjusted pre-tax income rose to $46 million from $26 million, driven by $20 million in year-to-date 45Z tax credits and full ownership of ethanol plants.
The company completed the acquisition of the minority share in its ethanol plants for $425 million in cash during Q3 2025, which contributed $12 million in pre-tax earnings from August and September.
For Q4 2025, Renewables is projected to generate an additional $10-$15 million in EBITDA from 45Z tax credits, and the company anticipates achieving a $4.30 EPS target for 2026.
The Andersons maintains a strong balance sheet with long-term debt to EBITDA at approximately two times and plans to evaluate M&A opportunities, potentially larger in scale, supported by future cash flows.

Nov 5, 2025, 1:30 PM

Transcript

The Andersons Reports Q3 2025 Results

ANDE

Earnings

M&A

New Projects/Investments

The Andersons reported diluted earnings per share (EPS) of $0.59 for Q3 2025, a decrease from $0.80 in Q3 2024, while adjusted EPS increased to $0.84 from $0.72.
Sales and Merchandising Revenues for Q3 2025 reached $2,678 million, up from $2,621 million in Q3 2024.
Operationally, the company completed the acquisition of full ownership of its ethanol plants in the Renewables segment and saw the wheat harvest completed with higher-than-expected volumes in Agribusiness.
Cash from operations before working capital changes was $68,461 thousand for Q3 2025 , with Readily Marketable Inventories (RMI) of $631 million significantly exceeding short-term debt of $141 million as of September 30, 2025.

Nov 5, 2025, 1:30 PM

Presentation

Andersons Reports Third Quarter 2025 Results

ANDE

Earnings

New Projects/Investments

M&A

The Andersons, Inc. reported net income attributable to the company of $20 million or $0.59 per diluted share and adjusted net income attributable of $29 million or $0.84 per diluted share for the third quarter ended September 30, 2025.
Adjusted EBITDA for Q3 2025 was $78 million.
The Renewables segment achieved pretax income of $43 million and adjusted pretax income of $46 million, including $20 million in year-to-date 45Z tax credits.
The company completed the acquisition of 100% ownership of its ethanol plants in July 2025 and is advancing strategic investments like the Port of Houston project and integrating Skyland Grain, LLC assets.
Management anticipates meeting its run-rate EPS target by the end of 2026 and will provide updated long-range financial targets at an Investor Day on December 9.

Nov 4, 2025, 9:05 PM

Press Release

Andersons Inc. Reports Q2 2025 Results and Completes Acquisition

ANDE

Earnings

M&A

Guidance Update

For Q2 2025, Andersons Inc. reported Sales and Merchandising Revenues of $3,136 million and Diluted Earnings Per Share (EPS) of $0.23.
The company completed the acquisition of the remaining 49.9% ownership interest in TAMH for $425 million on July 31, 2025. This acquisition is expected to be immediately accretive to Net Income and EPS.
Andersons Inc. maintained a strong financial position with $351 million cash on hand at June 30, 2025 and a long-term debt-to-EBITDA ratio of 1.9x, which is below its target of less than 2.5x.
For the full year 2025, the company expects capital spending to be between ~$175 million and $200 million.

Aug 5, 2025, 12:30 PM

Presentation

Andersons, Inc. Annual Meeting Voting Outcomes Q1 2025

ANDE

Proxy Vote Outcomes

Executive Compensation

Auditor Change

The Annual Meeting held on May 8, 2025 featured shareholder votes on director elections, an advisory resolution for executive compensation, and a proposal to ratify Deloitte & Touche LLP as the independent auditor.
The document, filed as an 8-K, confirms that the votes were cast with detailed counts and was officially signed by CFO Brian A. Valentine on May 9, 2025.

May 9, 2025, 12:00 AM

8-K

The Andersons Inc Q1 2025 Financial Results

ANDE

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Total sales and merchandising revenues reached $2,659M in Q1 2025, with segment details including Agribusiness revenues of $1,993M and Renewables revenues of $666M .
The company reported adjusted EBITDA of $57M and EBITDA of $51M, with reconciled non‐GAAP measures provided .
Net income was $0.3M with adjusted net income of $4M and diluted EPS of $0.01 (GAAP) / $0.12 (adjusted) .
Segment results highlighted strong performance in Renewables with pretax income of $25M, while the Agribusiness segment experienced a pretax loss of $10M .
The balance sheet remained solid with debt maintained below a 2.5× EBITDA target, supporting ongoing investments in growth projects .
Forward‐looking disclosures accompanied the report, with the next earnings call scheduled for August 5, 2025, and safe harbor statements provided .

May 7, 2025, 12:30 PM

Presentation Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Andersons.

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