Latest news with #Andersons
Yahoo
09-05-2025
- Business
- Yahoo
U.S. farm economy is starting to see first hits from Trump tariffs
President Trump's tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the United States. That's the main message from big agricultural businesses as they report their quarterly earnings, giving an early glimpse into the far-reaching impacts of the U.S. president's trade war. The disruptions in global trade threaten to extend a years-long slump in the U.S. farm industry, which had already been struggling with ample supplies, depressed crop prices and rising competition from Brazil. Lack of clarity on how the Trump administration will address much-needed incentives for crop-based fuels in the next few years has added to concerns. Crop traders and processors have been among the hardest-hit. Archer-Daniels-Midland Co. and Bunge Global SA saw their combined operating profits slump by about $750 million in the first quarter, with both companies citing an impact from trade and biofuel policy uncertainty. Importers put off purchases of U.S. grain and oilseeds as Trump threatened tariffs as well as levies on any Chinese vessels docking at American ports, reducing trade flows, according to crop merchant the Andersons. 'Global trade uncertainties disrupted typical grain flows and caused many of our commercial customers to focus on just-in-time purchasing,' William Krueger, the Andersons' chief executive, said Wednesday in a call with investors. Tractor makers CNH Industrial NV and AGCO Corp. also reported lower first-quarter sales, and warned of the possibility of reduced demand for farmers, potentially giving them less to spend on machines to plant, harvest and treat their fields. Both companies have raised prices to ease the impact of tariffs on costs. 'Geopolitical uncertainties and trade frictions have dampened U.S. farmer sentiment recently,' AGCO CEO Eric Hansotia said during a conference call with analysts. 'As a result, demand for machinery was lower in the quarter than we had expected.' Duties also threaten to curb imports of some fertilizer and pesticide supplies. Shipments of phosphate — a key crop nourishing ingredient — into the U.S. have trailed last year's levels because vessels have been diverted to other countries to avoid the nation's 10% tariff, Mosaic Co. said in its earnings statement. 'The phosphate market remains tight, and while tariffs could disrupt trade flows, they cannot create more phosphate supply,' CEO Bruce Bodine said on a conference call with investors. Farmers are expected to pay more for pesticides as the U.S. relies on tariff-hit countries such as China and India for some of its supplies. Nutrien Ltd. said its branded products could potentially cost as much as 7.5% more, with even higher adjustments expected for generic ingredients. 'Long story short is, we're going to see price increases,' Jeff Tarsi, Nutrien's president of global retail, said on a Thursday call. 'Our plan is to pass those price increases through to our customers.' Brazil is emerging as a winner from the trade tensions. Minerva SA said tariff turmoil drove increased Chinese demand and higher export prices for South American beef in the first quarter, helping lift profits for the Brazilian supplier. Meanwhile, China has effectively shut its market for U.S. meat exporters, including Smithfield Foods. China, the world's largest commodity importer, has already shifted to Brazil for a meaningful part of its soybean needs since Trump first raised tariffs on goods from the Asian nation in 2018. 'Any harmful impacts to the U.S. grower profitability stemming from tariffs and trade flow shifts' are likely to benefit Brazilian growers, Jenny Wang, executive vice president of commercial at Mosaic, said in the call with analysts. Freitas writes for Bloomberg. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
06-05-2025
- Business
- Globe and Mail
The Andersons, Inc. Reports First Quarter Results
MAUMEE, Ohio , /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2025. First Quarter Highlights: "We had mixed results in a turbulent first quarter. The Renewables segment performed well and our ethanol plants had strong operating efficiency and financial results. Coupled with the performance of our ethanol and renewable diesel feedstock merchandising, the segment produced one of its best first quarters. In Agribusiness, we faced challenging markets as global trade uncertainties disrupted typical grain flows and caused many of our commercial customers to focus on just-in-time purchasing. Our agronomy team is off to a good start with product well-positioned for the upcoming planting season," said President and CEO Bill Krueger . "As planting progresses, we see ample second quarter opportunities for our agronomy teams with the expected increase in corn acres this year. Strong system-wide corn and wheat production should provide a good environment for storage and handling in our assets later in the year. We also expect continued demand for our ethanol products, both domestic and export, as we enter the spring maintenance and driving season. We remain pleased with our overall asset and merchandising footprint. With the combination of the former Trade and Nutrient businesses, we are reviewing the portfolio to find synergies and process improvements." "We continue to pursue growth opportunities. Our longer lead time capital projects in Agribusiness are progressing well and are expected to be completed by mid-2026," continued Krueger. "Our Renewables projects are focused on improving efficiency, co-product yields and lowering the carbon intensity of our high-performing ethanol plants." $ in millions, except per share amounts Q1 2025 Q1 2024 Variance Pretax Income $ 3.2 $ 14.0 $ (10.8) Pretax Income (Loss) Attributable to the Company 1 (1.8) 6.9 (8.7) Adjusted Pretax Income (Loss) Attributable to the Company 1 3.2 6.6 (3.4) Agribusiness 1 (0.1) 5.4 (5.5) Renewables 1 15.3 14.1 1.2 Other (12.0) (12.9) 0.9 Net Income Attributable to the Company 0.3 5.6 (5.3) Adjusted Net Income Attributable to the Company 1 4.1 5.6 (1.5) Diluted Earnings Per Share ("EPS") 0.01 0.16 (0.15) Adjusted EPS 1 0.12 0.16 (0.04) EBITDA 1 50.6 51.4 (0.8) Adjusted EBITDA 1 $ 57.3 $ 51.2 $ 6.1 1 Non-GAAP financial measures; see appendix for explanations and reconciliations. Cash, Liquidity, and Long-Term Debt Management "Our businesses continue to generate strong cash flows, although working capital needs in the first quarter typically require significant funding leading to a use of cash from operations. However, our debt remains at a modest level," said Executive Vice President and CFO Brian Valentine . "We remain well below our long-term debt to EBITDA target of less than 2.5 times and are pleased with the strength of our balance sheet. For 2025, we anticipate increased spending on growth projects for previously announced long-term opportunities." The company used cash from operating activities of $350 million and $240 million in the first quarter of 2025 and 2024, respectively. Cash from operations before working capital changes in the same periods was $57 million and $48 million , respectively. Cash spent on capital projects in the quarter totaled $47 million , a $20 million increase from 2024. First Quarter Segment Overview Agribusiness Challenged in Changing Markets Agribusiness recorded a pretax loss of $10 million and breakeven adjusted pretax income attributable to the company for the quarter compared to pretax income of $3 million and adjusted pretax income of $5 million in the first quarter of 2024. Results from our ag supply chain businesses were lower with limited trade flows due to market uncertainty. Assets were significantly impacted as basis levels were challenged in our western locations, including those recently acquired as part of the Skyland Grain, LLC investment. The nutrient business showed year-over-year improvement with good fertilizer volume and positioning in advance of an expected increase in corn acres. The portfolio mix of assets, ingredients, and merchandising businesses provides a solid foundation to navigate challenging market conditions. Sizeable corn planting intentions are favorable, allowing for higher nutrient volumes as well as providing opportunities for storage and handling at harvest. In addition, lower corn stocks entering the year should allow for merchandising opportunities and good early harvest margins in the last half of 2025. Agribusiness's first quarter adjusted EBITDA was $31 million , compared to $29 million in 2024. Renewables has Strong Quarter on Efficient Operations and Favorable Ethanol Margins The Renewables segment reported pretax income of $25 million and pretax income attributable to the company of $15 million in the first quarter. For the same period in 2024, the segment reported pretax income of $24 million and adjusted pretax income attributable to the company of $14 million . Results from the ethanol production facilities improved year-over-year on efficient operations and higher yields, also benefiting from better year-over-year board crush margins. Plant co-product values were lower, with corn-based feed ingredients competing against an oversupply of alternative protein sources. Ethanol demand is expected to strengthen into the summer with some concerns about cost of inputs. Values of feed ingredient co-products are expected to remain challenged. Renewables had first quarter EBITDA of $37 million in 2025, compared to adjusted EBITDA of $34 million in 2024. Income Taxes The company recorded an income tax benefit for the quarter of $2.1 million , resulting in an effective rate of (66)% for the period. This rate was impacted by a discrete adjustment for a decrease in unrecognized tax benefits related to prior period tax positions. We anticipate a full-year adjusted effective rate of approximately 18% - 22%. Conference Call The company will host a webcast on Wednesday, May 7, 2025 , at 8:30 a.m. ET , to discuss its performance and provide its outlook for the remainder of 2025. To access the call, please dial 888-317-6003 or 412-317-6061 (elite entry number is 2480571). It is recommended that you call 10 minutes before the conference call begins. To access the webcast, click on the link: 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 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 Measures This 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 Description The Andersons, Inc., is a diversified company rooted in agriculture 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 The Andersons, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands) March 31, 2025 December 31, 2024 March 31, 2024 Assets Current assets: Cash and cash equivalents $ 219,219 $ 561,771 $ 283,902 Accounts receivable, net 812,482 764,550 701,706 Inventories 1,249,047 1,286,811 994,543 Commodity derivative assets – current 155,028 148,801 178,623 Other current assets 92,968 88,344 55,134 Total current assets 2,528,744 2,850,277 2,213,908 Property, plant and equipment, net 860,246 868,151 689,113 Other assets, net 408,692 402,886 358,052 Total assets $ 3,797,682 $ 4,121,314 $ 3,261,073 Liabilities and equity Current liabilities: Short-term debt $ 222,691 $ 166,614 $ 10,148 Trade and other payables 661,202 1,047,436 625,836 Customer prepayments and deferred revenue 223,702 194,025 174,651 Commodity derivative liabilities – current 69,648 59,766 67,079 Current maturities of long-term debt 62,675 36,139 27,617 Accrued expenses and other current liabilities 194,390 227,192 177,953 Total current liabilities 1,434,308 1,731,172 1,083,284 Long-term debt, less current maturities 588,087 608,151 556,174 Other long-term liabilities 180,853 182,155 145,965 Total liabilities 2,203,248 2,521,478 1,785,423 Total equity 1,594,434 1,599,836 1,475,650 Total liabilities and equity $ 3,797,682 $ 4,121,314 $ 3,261,073 The Andersons, Inc. Condensed Consolidated Statements of Cash Flows (unaudited) Three months ended March 31, (in thousands) 2025 2024 Operating Activities Net income $ 5,331 $ 12,665 Adjustments to reconcile net income to cash used in operating activities: Depreciation and amortization 34,340 30,949 Other 17,303 4,795 Changes in operating assets and liabilities: Accounts receivable (53,268) 57,725 Inventories 38,531 169,083 Commodity derivatives 1,076 (28,498) Other current and non-current assets (8,558) 1,923 Payables and other current and non-current liabilities (384,775) (488,269) Net cash used in operating activities (350,020) (239,627) Investing Activities Purchases of property, plant and equipment and capitalized software (46,548) (26,775) Other 2,717 4,723 Net cash used in investing activities (43,831) (22,052) Financing Activities Net proceeds (payments) under short-term lines of credit 56,044 (31,913) Proceeds from issuance of long-term debt 14,700 — Payments of long-term debt (8,416) (6,870) Dividends paid (6,693) (6,516) Value of shares withheld for taxes (3,837) (8,071) Distributions to noncontrolling interest owner — (44,910) Other (1,353) — Net cash provided by (used in) financing activities 50,445 (98,280) Effect of exchange rates on cash and cash equivalents 854 7 Decrease in cash and cash equivalents (342,552) (359,952) Cash and cash equivalents at beginning of period 561,771 643,854 Cash and cash equivalents at end of period $ 219,219 $ 283,902 The Andersons, Inc. Adjusted Net Income Attributable to The Andersons, Inc. A non-GAAP financial measure (unaudited) Three months ended March 31, (in thousands, except per share data) 2025 2024 Net income $ 5,331 $ 12,665 Net income attributable to noncontrolling interests 5,047 7,084 Net income attributable to The Andersons, Inc. 284 5,581 Adjustments: Transaction related compensation 2,103 2,852 Insured inventory and property damage 2,926 — Gain on deconsolidation of joint venture — (3,117) Income tax impact of adjustments 1 (1,257) 279 Total adjusting items, net of tax 3,772 14 Adjusted net income attributable to The Andersons, Inc. $ 4,056 $ 5,595 Diluted earnings per share attributable to The Andersons, Inc. common shareholders $ 0.01 $ 0.16 Impact on diluted earnings per share $ 0.11 $ — Adjusted diluted earnings per share $ 0.12 $ 0.16 1 The income tax impact of adjustments is taken at the blended federal, state, and local tax rate of 25% with the exception of 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 per share 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 Total Three months ended March 31, 2025 Sales and merchandising revenues $ 1,993,287 $ 665,811 $ — $ 2,659,098 Gross profit 118,598 34,274 — 152,872 Operating, administrative and general expenses 124,489 9,783 11,482 145,754 Other income (loss), net 9,041 1,088 (938) 9,191 Income (loss) before income taxes (9,676) 24,881 (11,992) 3,213 Income (loss) attributable to noncontrolling interests (4,522) 9,569 — 5,047 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ (5,154) $ 15,312 $ (11,992) $ (1,834) Adjustments to income (loss) before income taxes 2 5,029 — — 5,029 Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ (125) $ 15,312 $ (11,992) $ 3,195 Three months ended March 31, 2024 Sales and merchandising revenues $ 2,061,439 $ 656,778 $ — $ 2,718,217 Gross profit 99,519 28,801 — 128,320 Operating, administrative and general expenses 96,921 8,777 13,660 119,358 Other income, net 6,571 4,760 197 11,528 Income (loss) before income taxes 2,538 24,327 (12,897) 13,968 Income attributable to noncontrolling interests — 7,084 — 7,084 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 2,538 $ 17,243 $ (12,897) $ 6,884 Adjustments to income (loss) before income taxes 2 2,852 (3,117) — (265) Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 5,390 $ 14,126 $ (12,897) $ 6,619 1 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 $1.6 million difference in insured inventory and property damages in the Agribusiness segment for the three months ended March 31, 2025. The Andersons, Inc. A non-GAAP financial measure (unaudited) (in thousands) Agribusiness Renewables Other Total Three months ended March 31, 2025 Net income (loss) $ (9,676) $ 24,881 $ (9,874) $ 5,331 Interest expense (income) 12,826 698 (428) 13,096 Tax provision (benefit) — — (2,118) (2,118) Depreciation and amortization 21,685 11,891 764 34,340 EBITDA 24,835 37,470 (11,656) 50,649 Adjusting items impacting EBITDA: Transaction related compensation 2,103 — — 2,103 Insured inventory and property damage 4,502 — — 4,502 Total adjusting items 6,605 — — 6,605 Adjusted EBITDA $ 31,440 $ 37,470 $ (11,656) $ 57,254 Three months ended March 31, 2024 Net income (loss) $ 2,538 $ 24,327 $ (14,200) $ 12,665 Interest expense (income) 6,631 457 (566) 6,522 Tax provision — — 1,303 1,303 Depreciation and amortization 17,048 11,965 1,936 30,949 EBITDA 26,217 36,749 (11,527) 51,439 Adjusting items impacting EBITDA: Transaction related compensation 2,852 — — 2,852 Gain on deconsolidation of joint venture — (3,117) — (3,117) Total adjusting items 2,852 (3,117) — (265) Adjusted EBITDA $ 29,069 $ 33,632 $ (11,527) $ 51,174 Adjusted 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. Three Months Ended, Twelve months ended March 31, 2025 (in thousands) June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 Net income $ 52,470 $ 51,461 $ 54,104 $ 5,331 $ 163,366 Interest expense 6,611 8,361 10,266 13,096 38,334 Tax provision (benefit) 4,876 10,731 13,146 (2,118) 26,635 Depreciation and amortization 30,269 30,408 36,178 34,340 131,195 EBITDA 94,226 100,961 113,694 50,649 359,530 Adjusting items impacting EBITDA: Transaction related compensation 4,049 1,668 2,536 2,103 10,356 Insured inventory and property damage (recoveries) — (5,204) (4,446) 4,502 (5,148) Acquisition costs — — 3,193 — 3,193 Loss on cost method investment — — 1,535 — 1,535 Total adjusting items 4,049 (3,536) 2,818 6,605 9,936 Adjusted EBITDA $ 98,275 $ 97,425 $ 116,512 $ 57,254 $ 369,466 Three Months Ended, Twelve months ended March 31, 2024 June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 Net income $ 82,686 $ 30,523 $ 78,437 $ 12,665 $ 204,311 Interest expense 13,953 8,188 8,101 6,522 36,764 Tax provision 21,732 7,862 13,324 1,303 44,221 Depreciation and amortization 30,365 31,215 31,306 30,949 123,835 EBITDA 148,736 77,788 131,168 51,439 409,131 Adjusting items impacting EBITDA: Transaction related compensation 939 1,999 3,212 2,852 9,002 Gain on deconsolidation of joint venture (6,544) — — (3,117) (9,661) Goodwill impairment — — 686 — 686 Gain on sale of assets — (5,643) — — (5,643) Gain on cost method investment — (4,798) — — (4,798) Impairment on equity method investments — 963 — — 963 Insured inventory expenses 1,310 — — — 1,310 Total adjusting items (4,295) (7,479) 3,898 (265) (8,141) Adjusted EBITDA $ 144,441 $ 70,309 $ 135,066 $ 51,174 $ 400,990 Cash 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 assets, and payables and accrued expenses 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.
Yahoo
16-04-2025
- Yahoo
Decatur teen sentenced to 10 years in case of pregnant woman's murder
DECATUR, Ill. (WCIA) — In Macon County court on Wednesday, a 19-year-old from Decatur became the second person to be convicted in connection with a pregnant woman's murder two years ago. Tarlan Mackey was in court to offer a plea of guilty in connection to the shooting of Janiah Thomas and her daughter on March 8, 2023. Court records show he was originally charged with nine counts — three of first-degree murder, three of intentional homicide of an unborn child, two of aggravated battery with a firearm and one of aggravated discharge of a firearm. 3 Hoopeston juveniles arrested after holding boy at gunpoint in Snapchat video Mackey reached a plea deal with prosecutors in February and on Wednesday, the deal was formalized in court. All nine of the original charges against him were dismissed in exchange for a plea of guilty to residential burglary, which is a Class 1 felony. In a sworn statement, Decatur Police said Mackey, who was 17 at the time, was one of three people who went to the area of Woodford Street and Grand Avenue the night of March 8, 2023. The other two people were brothers Mattarion and Mattavius Anderson, and officers said the Andersons had gotten into a dispute over Snapchat with Thomas' boyfriend and his brother earlier that day. The boyfriend and his brother lived on Woodford Street. When the Andersons and Mackey arrived on Woodford, Thomas was visiting with her four-year-old daughter and two-year-old son. She was 26 weeks pregnant with her third child. Decatur Police said one of the people at the home saw the trio and suspected Mattarion Anderson was armed due to the way he was holding his hand. She warned the others inside the home and advised them not to go outside. Four people, including Thomas' boyfriend and his brother, went outside anyway, Decatur Police said. A short time later, shots were fired and bullets went flying into the home. Decatur man accused of hitting woman with car, charged with attempted murder Thomas was shot while holding her daughter and trying to get her to the floor, a witness told Decatur Police. The soon-to-be mother of three lost her life and her unborn child died along with her. Her daughter was shot in the face and lost her right eye. Two days later, Mackey was arrested in connection with the shooting. Four days after that, the Andersons were arrested in Champaign. One week ago, Judge Thomas Griffith found Mattarion Anderson guilty in a bench trial of killing Thomas and her unborn child. He is scheduled to be sentenced on May 29. The case of his brother Mattavius is still in the pretrial phase, with a hearing scheduled for June 6. Mackey is the second person to be convicted in connection to Thomas' death, but the first to be sentenced. Judge Griffith, also overseeing Mackey's case, accepted his guilty plea for residential burglary and then sentenced him to 10 years in prison. WCIA has reached out to the Macon County State's Attorney's Office to learn more about the case and the evidence that led to Mackey's guilty plea for burglary. We have not heard back yet. The two years Mackey has already served in custody will be deducted from his sentence, along with any time for good behavior in prison. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-04-2025
- Business
- Yahoo
Trump says will ‘protect our farmers' amid tariff negotiation with China
In a post to Truth Social, President Donald Trump stated: 'Our farmers are GREAT, but because of their GREATNESS, they are always put on the Front Line with our adversaries, such as China, whenever there is a Trade negotiation or, in this case, a Trade War. The same thing happened in my First Term. China was brutal to our Farmers, I these Patriots to just hold on, and a great trade deal was made. I rewarded our farmers with a payment of $28 Billion Dollars, all through the China deal. It was a great transaction for the USA, until Crooked Joe Biden came in and didn't enforce it. China largely reneged on the deal (although they behaved during the Trump Administration), only buying a portion of what they agreed to buy. They had ZERO respect for the Crooked Biden Administration, and who can blame them for that? Interestingly, they just reneged on the big Boeing (BA) deal, saying that they will 'not take possession' of fully committed to aircraft. The USA will PROTECT OUR FARMERS!!!' Publicly traded companies in agriculture space include Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), Intrepid Potash (IPI) and Mosaic (MOS). Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SPY: Disclaimer & DisclosureReport an Issue Small Businesses in U.S. File Lawsuit to Block Trump's Tariffs EU, U.S. officials made little progress on tariffs in talks, Bloomberg reports Trump says all necessary permits will be expedited for Nvidia SPDR S&P 500 ETF Trust: Pivot points Profit from Trump's Tariff Playbook with TipRanks' New Comparison Tool
Yahoo
12-04-2025
- Business
- Yahoo
Children battling cancer ‘dig for smiles' at Saturday's 'Digger Day' event in St. John's County
'Digging for smiles:' That's the goal of the annual 'Digger Day' event, held in St. Johns County for the fourth year now – and put on by construction company Petticoat-Schmitt and the Child Cancer Fund. >>> STREAM ACTION NEWS JAX LIVE <<< [DOWNLOAD: Free Action News Jax app for alerts as news breaks] The event serves as a chance for kids undergoing their battle with cancer to operate construction and excavation equipment, get face paintings, and get a distraction from the daily struggles of their cancer journey. 'To have the kids and the families who are battling childhood cancer day in, day out, have that one day where they can take their mind off it, have fun, enjoy themselves,' explained Petticoat-Schmitt CEO Ryan Schmitt at Saturday's event. For families like the Andersons, that day of fun means the world. After being diagnosed with Ewing Sarcoma – a cancer that attacks the bones and tissue around it – in May of last year and losing his arm to the terrible disease, 2.5-year-old Griffin Anderson – and kids like him - don't get many days like it. 'When they're in the hospital there's so many just, bad things happening to them,' explained Gryffin's mom, Katie Anderson. 'To have a day where he can have fun is just really great.' While the event is a great chance for kids and families to get behind the controls of this heavy machinery and get a break from the daily struggles of their cancer battle, it also raises funds for the Child Cancer Fund. Every dollar raised aims to give those families one less thing to worry about financially in their cancer journey. 'We have a financial assistance program. Nobody budgets for a cancer diagnosis, so those bills still keep coming in,' explained Child Cancer Fund executive director Carla Montgomery Saturday morning. 'The stress on the family as a whole is tremendous, and so this enables them to focus on their child and get through this journey a little bit easier.' For this year's 2025 edition of the event, $71,000 was donated to the cancer fund - every last cent going to family and children in need facing cancer diagnosis. [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
