Latest news with #TheAndersons
Yahoo
15-04-2025
- Business
- Yahoo
The Andersons, Inc. to Release First Quarter Results on May 6
MAUMEE, Ohio, April 15, 2025 /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) will release its financial results for the first quarter 2025 after 4 p.m. Eastern on Tuesday, May 6, 2025. The company will host a webcast on Wednesday, May 7, 2025, 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: 2480571. To watch the webcast, go to and submit the requested information as directed. A replay of the webcast will be available on the Investors page of About The Andersons, Inc. The Andersons, Inc., named in 2024 as one of The Americas' Fastest Growing Companies by the Financial Times and one of America's Climate Leaders by USA Today, is a diversified company rooted in agriculture that conducts business in the agribusiness and renewable 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 View original content to download multimedia: SOURCE The Andersons, Inc. View original content to download multimedia:
Yahoo
07-04-2025
- Business
- Yahoo
Is The Andersons, Inc. (ANDE) the Best Ethanol Stock to Buy According to Hedge Funds?
We recently published a list of . In this article, we are going to take a look at where The Andersons, Inc. (NASDAQ:ANDE) stands against other best ethanol stocks to buy according to hedge funds. Ethanol stocks are from companies that manufacture, sell, or distribute ethanol, a biofuel derived from crops such as corn and sugarcane. The ethanol industry is booming. As per Precedence Research, the global fuel ethanol market stood at $106.20 billion in 2024, climbed to $111.64 billion in 2025, and is anticipated to exceed $174.98 billion by 2034, representing a 5.12% CAGR between 2024 and 2034. The North American ethanol market is estimated to be worth $60.53 billion in 2024, growing at a CAGR of 5.20% over the forecast period. Overall, the United States is the world's leading producer and exporter of fuel ethanol, and prices in the country stayed relatively low in 2024. Moreover, Brazil is the second-largest producer and exporter. Growth Energy, the nation's largest biofuel trade association, released data revealing that ethanol exports from the US set a new high in 2024. In total, the country exported 1.9 billion gallons of ethanol valued at $4.3 billion in 2024, breaking the previous record for volume set in 2018 and the prior record for value established in 2023. Growth Energy CEO Emily Skor commented: 'The numbers don't lie. The world is looking to the U.S. to meet its fuel needs and American producers are delivering in a way that supports economic growth abroad and at home in rural communities across the country,' 'As the new Administration puts its new trade priorities into action, we look forward to working with President Trump and his team to ensure that we build on this momentum in a way that continues to grow the American farm economy through sales of American ethanol abroad.' Recently, the U.S. Energy Information Administration reported on April 2 that the output of fuel ethanol in the US rose by 1% in the week ending March 28. Stocks of fuel ethanol were down 3%, whereas exports dropped 62%. Most importantly, the export market remains the most attractive opportunity for driving US ethanol demand in 2025. Looking ahead, according to Jacqui Fatka, a farm supply and biofuels economist at CoBank, ethanol usage in higher-level blends is anticipated to surge annually in the US, but it accounts for just a tiny fraction of total ethanol demand due to the market's size. Therefore, without large expenditures in infrastructure that allow retailers to adjust pumps or signage, nationwide E15 sales will not significantly increase in the time to come. Currently, the export market represents the best possibility to boost demand in 2025. According to the United States Department of Agriculture's most recent quarterly trade projection, announced on February 27, ethanol export volumes in the US would hit a record 1.85 billion gallons in the fiscal year 2025. The forecast is slightly higher than the previous quarter's outlook. We sifted through online rankings to form an initial list of 20 Ethanol stocks. From the resultant dataset, we chose the top 12 stocks most favored by hedge funds, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have used the stock's Market Cap as of April 3, 2025, as a tie-breaker in case two or more stocks have the same number of hedge funds invested. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A farmer driving a tractor over his field with a picturesque backdrop of the setting sun. Number of Hedge Fund Investors: 21 The Andersons, Inc. (NASDAQ:ANDE) is a diverse firm that operates in the trade, renewables, nutrient, and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and globally. It buys and sells basic commodities and produces renewable fuels like corn-based ethanol. The company has four ethanol plants, all of which are strategically located in the Eastern Corn Belt, and generates ethanol for industrial and fuel uses. This means that depending on the operational environment, the company's top and bottom lines may vary significantly. Nonetheless, The Andersons, Inc. (NASDAQ:ANDE) has increased its earnings over time. The company's 2022 and 2023 net incomes were $119 million and $101 million, respectively. In the first nine months of 2024, the net income was $69 million. For many years, The Andersons, Inc. (NASDAQ:ANDE) has also consistently paid a dividend. After becoming public in 1996, the company announced its 113th consecutive dividend hike in late 2024. Even though ethanol board crush margins decreased by $0.16 per gallon, The Andersons, Inc. (NASDAQ:ANDE)'s Renewables segment produced record amounts of ethanol in Q4 2024 due to better yields and lower controllable costs. Price deterioration was mitigated by a lower corn base, resulting in Q4 EBITDA of $40M and full-year adjusted EBITDA of $189 million. In 2025, higher ethanol pricing and better margins should be supported by increased corn acreage, seasonal demand, and industry maintenance cycles. Overall, ANDE ranks 6th on our list of best ethanol stocks to buy according to hedge funds. While we acknowledge the potential of ethanol companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ANDE but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
18-02-2025
- Business
- Globe and Mail
The Andersons, Inc. Reports Fourth Quarter and Full Year Results
MAUMEE, Ohio , /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the fourth quarter ended December 31, 2024 . Financial Highlights: Full year net income attributable to The Andersons of $114 million , or $3.32 per diluted share, and $117 million , or $3.40 per diluted share, on an adjusted basis Fourth quarter net income attributable to The Andersons of $45 million , or $1.31 per diluted share, and $47 million , or $1.36 per diluted share, on an adjusted basis Adjusted EBITDA of $363 million for the year, and $117 million for the fourth quarter Trade reported record fourth quarter pretax income of $54 million on solid operations Renewables reported pretax income of $25 million and pretax income attributable to the company of $16 million on efficient plant performance and solid merchandising Strong balance sheet; healthy cash flows result in a cash balance of $562 million "Trade had an excellent fourth quarter, with an early harvest, where we were able to accumulate higher-than-normal quality grain at good basis values. We also saw some improved merchandising opportunities and good results in our premium ingredients business. We are integrating Skyland Grain, LLC locations into our trade flows and this report includes two months of results from that recent investment. Renewables also had a very solid quarter but could not duplicate 2023 despite record ethanol production due to lower ethanol prices and co-product values. In Nutrient & Industrial, we had year-over-year improvement led by our manufactured product lines that helped offset soft ag supply chain results due to limited farmer engagement," said President and CEO Bill Krueger . "In these changing ag markets, I'm proud of our team." "Looking forward, we see continued regulatory and geopolitical uncertainties coupled with potentially challenging agricultural economics. We also see signs of opportunity. We currently expect a significant increase in planted corn acres and continuing strong ethanol exports. Our mix of North American agribusiness and ethanol production assets along with our strength in merchandising, positions us well to withstand downward pressures from these market shifts," added Krueger. "In addition to the recent Skyland Grain investment, we are making progress on several longer-term capital investments that will enhance future results. We also continue to actively pursue growth in the Renewables space, both by lowering the carbon intensity of our ethanol plants as well as evaluating expansion and acquisition opportunities. In December, we announced some changes to improve the alignment of our commercial teams to serve our customers even better, gain operational efficiencies, and continue to drive growth. We are excited about the new Agribusiness and Renewables teams and are working hard to achieve our growth strategy." $ in millions, except per share amounts Q4 2024 Q4 2023 Variance YTD 2024 YTD 2023 Variance Pretax Income $ 67.3 $ 91.8 $ (24.5) $ 200.8 $ 169.6 $ 31.2 Pretax Income Attributable to the Company 1 58.2 64.5 (6.3) 144.1 138.2 5.9 Adjusted Pretax Income (Loss) Attributable to the Company 1 60.6 68.4 (7.8) 146.7 159.1 (12.4) Trade 1 53.6 47.0 6.6 94.6 83.3 11.3 Renewables 1 16.0 32.7 (16.7) 79.8 97.7 (17.9) Nutrient & Industrial 1 3.5 2.1 1.4 18.9 25.7 (6.8) Other 1 (12.5) (13.4) 0.9 (46.6) (47.7) 1.1 Net Income Attributable to the Company 45.1 51.2 (6.1) 114.0 101.2 12.8 Adjusted Net Income Attributable to the Company 1 46.9 54.6 (7.7) 116.7 118.3 (1.6) Diluted Earnings Per Share (EPS) 1.31 1.49 (0.18) 3.32 2.94 0.38 Adjusted EPS 1 1.36 1.59 (0.23) 3.40 3.44 (0.04) EBITDA 1 113.7 131.2 (17.5) 360.3 341.5 18.8 Adjusted EBITDA 1 $ 116.5 $ 135.1 $ (18.6) $ 363.4 $ 405.1 $ (41.7) 1 Non-GAAP financial measures; see appendix for explanations and reconciliations. Cash, Liquidity, and Long-Term Debt Management "Our businesses continued to generate solid operating cash flows into the fourth quarter. Our cash flows and lower commodity prices resulted in a cash position of more than $560 million at the end of the year. In addition, our debt remains at a modest level, inclusive of debt acquired as part of the Skyland Grain investment," said Executive Vice President and CFO Brian Valentine . "Our long-term debt to adjusted EBITDA ratio of 1.8 times is still well below our stated target of 2.5 times. We were pleased to be able to deploy more capital during the quarter and anticipate increased spending on some of the previously announced growth projects in 2025." The company generated $269 million and $251 million in cash from operating activities for the fourth quarters of 2024 and 2023, respectively, and generated $100 million and $122 million in cash from operations before working capital changes for the same periods, respectively. For the full years of 2024 and 2023, the company generated $332 million and $947 million in cash from operating activities, respectively. Cash from operations before working capital changes for the same years was $323 million and $330 million even with the changing ag markets. Fourth Quarter Segment Overview Trade Posts Record Fourth Quarter Driven by Solid Operations Trade recorded pretax income and adjusted pretax income attributable to the company of $54 million for the quarter, compared to pretax income of $44 million and adjusted pretax income of $47 million in the fourth quarter of the prior year. Solid elevation margins and space income in core grain assets on an early and robust harvest drove results. The merchandising businesses realized improvements over the prior year, despite limited volatility in the grain markets. The premium ingredients business had another consistent and profitable quarter. The portfolio mix of assets, ingredients, and merchandising businesses provides a solid foundation to benefit from large crops and carry markets, as well as tight, demand-driven markets. With a lower-than-expected corn carryout at the end of the year, an inverse has returned to the corn markets, which could result in an increase in corn acres planted and increased volatility in 2025. Domestic premium ingredient demand is also expected to stay solid and should continue to support recent capital growth investments. Trade's fourth quarter adjusted EBITDA was $76 million , compared to fourth quarter 2023 adjusted EBITDA of $62 million . For the full year, adjusted EBITDA was $161 million in 2024, compared to $155 million in 2023. Renewables Reports Solid Quarter on Efficient Operations The Renewables segment reported pretax income of $25 million and pretax income attributable to the company of $16 million in the fourth quarter compared to pretax income of $60 million and pretax income attributable to the company of $33 million in the fourth quarter of 2023. Fourth quarter results were down from a prior year record, as ethanol board crush margins were down $0.16 /gallon and co-product values traded lower on reduced corn prices and weaker corn oil values. Partially offsetting these headwinds, the four ethanol plants continued to run efficiently, with record fourth quarter production, and reduced input cost, including lower corn basis of $0.09 /gallon year-over-year. Third-party ethanol merchandising also saw improved profitability in 2024. While spot ethanol crush margins are generally seasonally soft in the first quarter, a portion of first quarter volumes have been hedged at favorable levels. While there remains regulatory uncertainty, elevated export demand, upcoming planned maintenance in the industry, and the spring driving rebound should all support improved plant economics. Co-product values may also see improvement as there has been a recent rebound in corn values. Renewables recorded EBITDA of $40 million in the fourth quarter of 2024, compared to 2023 fourth quarter EBITDA of $73 million . For the full year, adjusted EBITDA was $189 million in 2024, compared to $230 million 2023. Nutrient & Industrial Shows Improvement on Prior Year Nutrient & Industrial recorded pretax income and pretax income attributable to the company of $3 million in the fourth quarter, an improvement from the prior year. The increased results are primarily due to improvements in manufactured products and one-time prior year expenses that did not repeat. Core agriculture product lines were down year-over-year on softer industry fundamentals. With high yields during harvest pulling more nutrients from the soil and an expected increase in corn acres planted, there may be an opportunity for increased volume in 2025. Nutrient & Industrial's current quarter EBITDA was $13 million , compared to adjusted EBITDA of $11 million in 2023. For the full year, Nutrient & Industrial recorded EBITDA of $57 million in 2024, compared to adjusted EBITDA of $62 million in 2023. Income Taxes The company recorded income tax expense at an effective rate of 20% for the fourth quarter and 15% for the year. This rate was impacted by the tax treatment of noncontrolling interests and federal tax credits; a significant portion are biofuel tax credits related to the production of cellulosic ethanol. Conference Call The company will host a webcast on Wednesday, February 19, 2025 , at 8:30 a.m. ET , to discuss its performance and provide its outlook for 2025. To access the call, please dial 888-317-6003 or 412-317-6061 (international toll) and use elite entry number: 3381023. 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., named in 2024 as one of The Americas' Fastest Growing Companies by the Financial Times and one of America's Climate Leaders by USA Today, 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) December 31, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 561,771 $ 643,854 Accounts receivable, net 764,550 762,549 Inventories 1,286,811 1,166,700 Commodity derivative assets – current 148,801 178,083 Other current assets 88,344 55,777 Total current assets 2,850,277 2,806,963 Other assets: Goodwill 127,856 127,856 Other intangible assets, net 69,345 85,579 Right of use assets, net 104,630 54,234 Other assets, net 101,055 87,010 Total other assets 402,886 354,679 Property, plant and equipment, net 868,151 693,365 Total assets $ 4,121,314 $ 3,855,007 Liabilities and equity Current liabilities: Short-term debt $ 166,614 $ 43,106 Trade and other payables 1,047,436 1,055,473 Customer prepayments and deferred revenue 194,025 187,054 Commodity derivative liabilities – current 59,766 90,849 Current maturities of long-term debt 36,139 27,561 Accrued expenses and other current liabilities 227,192 232,288 Total current liabilities 1,731,172 1,636,331 Long-term lease liabilities 65,312 31,659 Long-term debt, less current maturities 608,151 562,960 Deferred income taxes 55,005 58,581 Other long-term liabilities 61,838 49,089 Total liabilities 2,521,478 2,338,620 Total equity 1,599,836 1,516,387 Total liabilities and equity $ 4,121,314 $ 3,855,007 The Andersons, Inc. Consolidated Statements of Cash Flows (unaudited) Three months ended December 31, Twelve months ended December 31, (in thousands) 2024 2023 2024 2023 Operating Activities Net income $ 54,104 $ 78,437 $ 170,700 $ 132,529 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 36,178 31,306 127,804 125,106 Bad debt expense, net 6,138 5,438 17,637 11,519 Stock-based compensation expense 3,611 3,493 13,629 12,857 Asset impairment — — — 87,156 Deferred federal income tax (1,997) 6,696 (2,911) (1,596) Other 1,862 (10,535) (3,595) (16,341) Changes in operating assets and liabilities, net of assets acquired and liabilities assumed: Accounts and notes receivable 32,279 62,705 35,777 468,968 Inventories (191,041) (175,883) 87,906 572,235 Commodity derivatives (34,322) 12,027 15,005 111,506 Other current and non-current assets 31,326 4,481 (28,050) 6,529 Payables and other current and non-current liabilities 330,673 232,498 (102,396) (563,718) Net cash provided by operating activities 268,811 250,663 331,506 946,750 Investing Activities Acquisition of businesses, net of cash acquired (19,611) (313) (29,172) (24,698) Purchases of property, plant and equipment and capitalized software (55,957) (41,725) (149,187) (150,443) Property insurance proceeds 2,918 4,999 12,137 7,499 Proceeds from sale of business — — — 10,318 Proceeds from sale of Rail assets — — — 2,871 Other 168 423 3,148 574 Net cash used in investing activities (72,482) (36,616) (163,074) (153,879) Financing Activities Net (payments) receipts under short-term lines of credit (64,897) 27,456 (91,951) (233,696) Proceeds from issuance of long-term debt 67,000 — 67,000 100,000 Payments of long-term debt (62,940) (6,886) (83,589) (49,620) Distributions to noncontrolling interest owner (14,970) (2,114) (102,295) (46,418) Dividends paid (6,807) (6,602) (26,273) (25,373) Common stock repurchased (2,295) — (2,295) (1,747) Payments of debt issuance costs (2,851) — (2,851) — Value of shares withheld for taxes (4) (3) (8,105) (6,630) Other — 2 — (509) Net cash provided by (used in) financing activities (87,764) 11,853 (250,359) (263,993) Effect of exchange rates on cash and cash equivalents (859) (101) (156) (293) Increase (decrease) in Cash and cash equivalents 107,706 225,799 (82,083) 528,585 Cash and cash equivalents at the beginning of the period 454,065 418,055 643,854 115,269 Cash and cash equivalents at the end of the period $ 561,771 $ 643,854 $ 561,771 $ 643,854 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) 2024 2023 2024 2023 Net income $ 54,104 $ 78,437 $ 170,700 $ 132,529 Net income attributable to noncontrolling interests 9,014 27,251 56,688 31,339 Net income attributable to The Andersons, Inc. 45,090 51,186 114,012 101,190 Adjustments: Transaction related compensation 2,536 3,212 11,104 7,818 Insurance recoveries (4,446) — (9,650) (16,080) Gain on deconsolidation of joint venture — — (3,117) (6,544) Acquisition costs 2,738 — 2,738 — (Gain) loss on cost method investment 1,535 — 1,535 (4,798) Asset impairment — — — 45,413 Gain on sale of assets — — — (5,643) Goodwill impairment — 686 — 686 Income tax impact of adjustments 1 (590) (520) 42 (3,775) Total adjusting items, net of tax 1,773 3,378 2,652 17,077 Adjusted net income attributable to The Andersons, Inc. $ 46,863 $ 54,564 $ 116,664 $ 118,267 Diluted earnings per share attributable to The Andersons, Inc. common shareholders $ 1.31 $ 1.49 $ 3.32 $ 2.94 Impact on diluted earnings per share $ 0.05 $ 0.10 $ 0.08 $ 0.50 Adjusted diluted earnings per share attributable to The Andersons, Inc. common shareholders $ 1.36 $ 1.59 $ 3.40 $ 3.44 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, certain acquisition costs, and goodwill impairments in both 2024 and 2023, respectively. 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) Trade Renewables Nutrient & Industrial Other Total Three months ended December 31, 2024 Sales and merchandising revenues $ 2,222,762 $ 713,958 $ 186,418 $ — $ 3,123,138 Gross profit 146,976 35,479 30,655 — 213,110 Operating, administrative and general expenses 95,504 10,901 27,811 12,938 147,154 Other income (loss), net 10,441 992 1,564 (1,437) 11,560 Income (loss) before income taxes 53,818 24,921 2,551 (14,040) 67,250 Income (loss) attributable to noncontrolling interests 1,018 8,941 (945) — 9,014 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 52,800 $ 15,980 $ 3,496 $ (14,040) $ 58,236 Adjustments to income (loss) before income taxes 2 828 — — 1,535 2,363 Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 53,628 $ 15,980 $ 3,496 $ (12,505) $ 60,599 Three months ended December 31, 2023 Sales and merchandising revenues $ 2,212,434 $ 795,236 $ 205,330 $ — $ 3,213,000 Gross profit 126,064 65,257 26,393 — 217,714 Operating, administrative and general expenses 88,097 7,933 24,091 12,591 132,712 Other income (loss), net 11,839 3,401 439 (819) 14,860 Income (loss) before income taxes 43,807 59,988 1,374 (13,408) 91,761 Income attributable to noncontrolling interests — 27,251 — — 27,251 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 43,807 $ 32,737 $ 1,374 $ (13,408) $ 64,510 Adjustments to income (loss) before income taxes 2 3,212 — 686 — 3,898 Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 47,019 $ 32,737 $ 2,060 $ (13,408) $ 68,408 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 $0.5 million difference in acquisition costs in the Trade segment for the three months ended December 31, 2024. The Andersons, Inc. (unaudited) (in thousands) Trade Renewables Nutrient & Industrial Other Total Twelve months ended December 31, 2024 Sales and merchandising revenues $ 7,622,077 $ 2,802,330 $ 833,141 $ — $ 11,257,548 Gross profit 403,682 169,151 121,093 — 693,926 Operating, administrative and general expenses 316,390 35,493 103,238 48,499 503,620 Other income (loss), net 28,728 8,678 6,444 (1,639) 42,211 Income (loss) before income taxes 91,433 139,495 17,988 (48,159) 200,757 Income (loss) attributable to noncontrolling interests 1,018 56,615 (945) — 56,688 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 90,415 $ 82,880 $ 18,933 $ (48,159) $ 144,069 Adjustments to income (loss) before income taxes 2 4,192 (3,117) — 1,535 2,610 Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 94,607 $ 79,763 $ 18,933 $ (46,624) $ 146,679 Twelve months ended December 31, 2023 Sales and merchandising revenues $ 10,426,083 $ 3,380,632 $ 943,397 $ — $ 14,750,112 Gross profit 409,950 202,397 133,016 — 745,363 Operating, administrative and general expenses 308,470 32,737 103,342 47,711 492,260 Other income, net 29,988 15,056 2,391 3,048 50,483 Income (loss) before income taxes 96,234 91,175 25,049 (42,895) 169,563 Income attributable to noncontrolling interests — 31,339 — — 31,339 Income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 96,234 $ 59,836 $ 25,049 $ (42,895) $ 138,224 Adjustments to income (loss) before income taxes 2 (12,942) 37,906 686 (4,798) 20,852 Adjusted income (loss) before income taxes attributable to The Andersons, Inc. 1 $ 83,292 $ 97,742 $ 25,735 $ (47,693) $ 159,076 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 $0.5 million difference in acquisition costs in the Trade segment for the year ended December 31, 2024, and a $42.7 million difference in asset impairment expense in the Renewables segment for the year ended December 31, 2023. (in thousands) Trade Renewables Nutrient & Industrial Other Total Three months ended December 31, 2024 Net income (loss) $ 53,818 $ 24,921 $ 2,551 $ (27,186) $ 54,104 Interest expense (income) 8,095 649 1,857 (335) 10,266 Tax provision — — — 13,146 13,146 Depreciation and amortization 12,559 14,079 8,585 955 36,178 EBITDA 74,472 39,649 12,993 (13,420) 113,694 Adjusting items impacting EBITDA: Acquisition costs 3,193 — — — 3,193 Transaction related compensation 2,536 — — — 2,536 Insurance recoveries (4,446) — — — (4,446) Loss on cost method investment — — — 1,535 1,535 Total adjusting items 1,283 — — 1,535 2,818 Adjusted EBITDA $ 75,755 $ 39,649 $ 12,993 $ (11,885) $ 116,512 Three months ended December 31, 2023 Net income (loss) $ 43,807 $ 59,988 $ 1,374 $ (26,732) $ 78,437 Interest expense (income) 5,999 737 1,367 (2) 8,101 Tax provision — — — 13,324 13,324 Depreciation and amortization 9,450 12,184 7,750 1,922 31,306 EBITDA 59,256 72,909 10,491 (11,488) 131,168 Adjusting items impacting EBITDA: Transaction related compensation 3,212 — — — 3,212 Goodwill impairment — — 686 — 686 Total adjusting items 3,212 — 686 — 3,898 Adjusted EBITDA $ 62,468 $ 72,909 $ 11,177 $ (11,488) $ 135,066 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. (in thousands) Trade Renewables Nutrient & Industrial Other Total Twelve months ended December 31, 2024 Net income (loss) $ 91,433 $ 139,495 $ 17,988 $ (78,216) $ 170,700 Interest expense (income) 24,587 2,841 6,311 (1,979) 31,760 Tax provision — — — 30,057 30,057 Depreciation and amortization 40,505 49,705 32,488 5,106 127,804 EBITDA 156,525 192,041 56,787 (45,032) 360,321 Adjusting items impacting EBITDA: Transaction related compensation 11,104 — — — 11,104 Insurance recoveries (9,650) — — — (9,650) Acquisition costs 3,193 — — — 3,193 Gain on deconsolidation of joint venture — (3,117) — — (3,117) Loss on cost method investment — — — 1,535 1,535 Total adjusting items 4,647 (3,117) — 1,535 3,065 Adjusted EBITDA $ 161,172 $ 188,924 $ 56,787 $ (43,497) $ 363,386 Twelve months ended December 31, 2023 Net income (loss) $ 96,234 $ 91,175 $ 25,049 $ (79,929) $ 132,529 Interest expense (income) 35,234 6,385 7,016 (1,768) 46,867 Tax provision — — — 37,034 37,034 Depreciation and amortization 36,109 51,408 29,268 8,321 125,106 EBITDA 167,577 148,968 61,333 (36,342) 341,536 Adjusting items impacting EBITDA: Insurance recoveries (16,080) — — — (16,080) Gain on sale of assets (5,643) — — — (5,643) Transaction related compensation 7,818 — — — 7,818 Asset impairment including equity method investments 963 87,156 — — 88,119 Gain on deconsolidation of joint venture — (6,544) — — (6,544) Goodwill impairment — — 686 — 686 Gain on cost method investment — — — (4,798) (4,798) Total adjusting items (12,942) 80,612 686 (4,798) 63,558 Adjusted EBITDA $ 154,635 $ 229,580 $ 62,019 $ (41,140) $ 405,094 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. 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 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.
Yahoo
16-02-2025
- Business
- Yahoo
Andersons' (NASDAQ:ANDE) Dividend Will Be $0.195
The Andersons, Inc.'s (NASDAQ:ANDE) investors are due to receive a payment of $0.195 per share on 22nd of April. This means the annual payment is 1.9% of the current stock price, which is above the average for the industry. Check out our latest analysis for Andersons We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before making this announcement, Andersons was easily earning enough to cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to rise by 6.9% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 21% by next year, which is in a pretty sustainable range. The company has an extended history of paying stable dividends. The annual payment during the last 10 years was $0.44 in 2015, and the most recent fiscal year payment was $0.78. This implies that the company grew its distributions at a yearly rate of about 5.9% over that duration. Companies like this can be very valuable over the long term, if the decent rate of growth can be maintained. Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Andersons has impressed us by growing EPS at 26% per year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. In summary, it is good to see that the dividend is staying consistent, and we don't think there is any reason to suspect this might change over the medium term. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. You can also discover whether shareholders are aligned with insider interests by checking our visualisation of insider shareholdings and trades in Andersons stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Globe and Mail
12-02-2025
- Business
- Globe and Mail
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2025
MAUMEE, Ohio , /CNW/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a second quarter 2025 cash dividend of 19.5 cents($0.195) per share payable on April 22, 2025 , to shareholders of record as of April 01, 2025 . This is The Andersons 114 th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996 . About The Andersons, Inc. The Andersons, Inc., named in 2024 as one of The Americas' Fastest Growing Companies by the Financial Times and one of America's Climate Leaders by USA Today, is a diversified company rooted in agriculture that conducts business in the agribusiness and renewable 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
