Earnings summaries and quarterly performance for Andersons.
Executive leadership at Andersons.
William Krueger
Detailed
President and Chief Executive Officer
CEO
AR
Anne Rex
Detailed
Senior Vice President, Strategy, Planning and Development
BV
Brian Valentine
Detailed
Executive Vice President and Chief Financial Officer
BW
Brian Walz
Detailed
Senior Vice President and Treasurer
MS
Mark Simmons
Detailed
Executive Vice President, Renewables
MH
Michael Hoelter
Detailed
Vice President, Corporate Controller and Investor Relations
SZ
Sarah Zibbel
Detailed
Executive Vice President, Chief Human Resources Officer
WH
Weston Heide
Detailed
Executive Vice President, Agribusiness
Board of directors at Andersons.
CK
Catherine Kilbane
Detailed
Director
GD
Gary Douglas
Detailed
Director
GA
Gerard Anderson
Detailed
Lead Independent Director
JS
John Stout Jr.
Detailed
Director
PH
Pamela Hershberger
Detailed
Director
PB
Patrick Bowe
Detailed
Executive Chairman of the Board
RK
Robert King Jr.
Detailed
Director
RM
Ross Manire
Detailed
Director
SC
Steven Campbell
Detailed
Director
SO
Steven Oakland
Detailed
Director
Research analysts who have asked questions during Andersons earnings calls.
PS
Pooran Sharma
Stephens Inc.
4 questions for ANDE
Also covers: ADM, AVO, BG +11 more
Benjamin Klieve
Lake Street Capital Markets
3 questions for ANDE
Also covers: AVD, AVO, BIOX +10 more
Benjamin Mayhew
BMO Capital Markets
3 questions for ANDE
Also covers: INGR, VITL
Ben Klieve
Lake Street Capital Markets
1 question for ANDE
Also covers: AVD, AVO, BIOX +12 more
BM
Ben Mahy
BMO Capital Markets
1 question for ANDE
CI
Craig Irwin
ROTH Capital Partners
1 question for ANDE
Also covers: AMRC, ASYS, BEEM +25 more
Recent press releases and 8-K filings for ANDE.
The Andersons, Inc. Unveils 2028 Growth Target and Strategic Investments
ANDE
Guidance Update
New Projects/Investments
Dividends
- The Andersons, Inc. announced a growth plan targeting a run-rate earnings per share of $7.00 exiting 2028, representing a 36% compounded annual growth rate from $2.56 per share for the trailing twelve months ended September 30, 2025.
- The company plans a $60 million capital investment at its Clymers, Indiana, ethanol plant, expected to increase ethanol capacity by 30 million gallons by mid-2027.
- An expansion of the export terminal at the Port of Houston is scheduled for completion in 2026, which will enable the export of soybean meal and enhance the efficient export of western grains.
- The strategic framework also emphasizes strengthening geographic presence through the Skyland Grain acquisition and returning capital to shareholders via a long track record of dividend payments and opportunistic share repurchases.
Dec 11, 2025, 7:27 PM
Andersons Announces 2028 Growth Target and Strategic Plan
ANDE
Guidance Update
New Projects/Investments
Dividends
- The Andersons, Inc. announced a growth plan targeting a run-rate earnings per share of $7.00 exiting 2028, which represents a 36% compounded annual growth rate from $2.56 per share for the trailing twelve months ended September 30, 2025.
- Strategic investments include a $60 million capital investment at the Clymers, Indiana, ethanol plant, expected to increase capacity by 30 million gallons by mid-2027, and the completion of the Port of Houston export terminal expansion in 2026.
- The company's framework emphasizes leveraging its diversified portfolio, strengthening geographic presence through acquisitions like Skyland Grain, and maximizing 45Z tax credits for efficient ethanol plants.
- The Andersons plans to return capital to shareholders through a balanced approach, including continuing its more than 25-year track record of consecutive dividend payments and opportunistic share repurchases.
Dec 11, 2025, 12:00 PM
The Andersons Sets Ambitious EPS Targets and Details Strategic Acquisitions at 2025 Investor Day
ANDE
Guidance Update
M&A
New Projects/Investments
- The Andersons has set a publicly stated target of $4.30 adjusted EPS exiting 2026 and a run rate EPS target of $7 per share exiting 2028.
- The company completed a $425 million acquisition to gain 100% ownership of its ethanol plants, doubling its financial exposure and opportunity in the ethanol space, and also acquired majority ownership in Skyland Grain in November 2024.
- Over the last three years, The Andersons deployed $1.1 billion in capital, with approximately 45% allocated to capital expenditures, 45% to acquisitions, and 10% returned to shareholders.
- The renewables segment's four ethanol plants operate well over 500 million gallons of capacity, significantly exceeding 100% utilization, and the company is focused on lowering carbon intensity to capitalize on 45Z tax credits.
Dec 9, 2025, 2:00 PM
The Andersons Sets 2028 EPS Target and Announces New Investments
ANDE
Guidance Update
New Projects/Investments
Share Buyback
- The Andersons has established a new publicly stated target of a run rate EPS of $7 per share exiting 2028, reflecting a compounded annual growth rate of more than 35% from 2025 to 2028, and aims for a $4.30 EPS run rate by the end of 2025.
- The company anticipates capital expenditures of approximately $200 million this year and $200-$225 million annually over the next few years.
- A $60 million investment is planned to expand the Clymers, Indiana ethanol production by 30 million gallons, increasing its capacity to 170 million gallons by early to mid-2027, a project deemed financially viable without reliance on 45Z tax credits.
- All of The Andersons' plants are expected to qualify for the 45Z tax credit in 2025, which will be reported above the line and contribute to additional cash flows.
- The company maintains a $100 million share repurchase authorization, having repurchased approximately $15 million in shares this year, and expects to continue its modest dividend growth.
Dec 9, 2025, 2:00 PM
The Andersons Outlines Growth Strategy and Financial Targets at 2025 Investor Day
ANDE
Guidance Update
New Projects/Investments
M&A
- The Andersons (ANDE) announced an adjusted EPS of $2.56 exiting Q3 2025, with a publicly stated target of $4.30 per share exiting 2026 and a new target of $7 per share exiting 2028, representing a compounded annual growth rate of over 35% from 2025 to 2028.
- The company has strengthened its position and is driving growth through strategic acquisitions, including the majority ownership in Skyland Grain in November 2024 and a $425 million acquisition to own 100% of its ethanol plants.
- The Andersons plans to invest an additional $60 million to expand its Clymers, Indiana ethanol production by over 20% or 30 million gallons, reaching 170 million gallons by early to mid-2027, leveraging 45Z clean fuel production credits and maintaining a strong balance sheet with long-term debt to EBITDA of approximately two times.
Dec 9, 2025, 2:00 PM
The Andersons Outlines Profitable Growth Strategy and Financial Performance at 2025 Investor Day
ANDE
Guidance Update
New Projects/Investments
Dividends
- The Andersons (ANDE) reported a market capitalization of $1.4 billion, revenue of $11.6 billion, Adjusted EBITDA of $317 million, and Adjusted EPS of $2.56 for the trailing twelve months (TTM) ended September 30, 2025.
- The company is strategically focused on profitable growth through its balanced Agribusiness (53% of revenue) and Renewables (47% of revenue) segments, emphasizing organic investments and complementary acquisitions.
- The Renewables segment, as the 5th largest U.S. ethanol producer, is expected to benefit significantly from 45Z tax credits, projecting an annual impact of $30 million to $35 million in 2025 and $90 million to $100 million from 2026 to 2028, with a cumulative total exceeding $300 million.
- The Andersons employs a disciplined capital allocation framework, historically allocating 45% to capital expenditures and 45% to M&A, alongside returning 10% of cash to shareholders. The company has a 25+ year track record of consecutive dividend payments, with a $0.78 dividend in 2025.
Dec 9, 2025, 2:00 PM
The Andersons, Inc. Presents 2025 Investor Day Outlook and Financial Targets
ANDE
Guidance Update
New Projects/Investments
Dividends
- The Andersons, Inc. (ANDE) reported a trailing twelve months (TTM) Adjusted EPS of $2.56 and Adjusted EBITDA of $317 million as of September 30, 2025.
- The company projects its run-rate EPS to reach $4.30 in 2026E and $7.00 in 2028E, representing a 36% CAGR from TTM 2025 to 2028E.
- The company operates two integrated segments: Agribusiness, which contributed 53% of TTM Adjusted EBITDA, and Renewables, which contributed 47% of TTM Adjusted EBITDA.
- The Renewables segment, identified as the 5th largest U.S. Ethanol Producer, anticipates significant benefits from 45Z tax credits, with an expected annual impact of $90 million to $100 million from 2026 to 2028.
- The company maintains a disciplined capital allocation strategy, targeting a long-term debt-to-EBITDA ratio of less than 2.5x, and has a 25+ year track record of consecutive dividend payments.
Dec 9, 2025, 12:38 PM
The Andersons Reports Q3 2025 Results, Highlights Renewables Growth and 2026 EPS Target
ANDE
Earnings
Guidance Update
M&A
- 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
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
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
Quarterly earnings call transcripts for Andersons.
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