The Andersons, Inc. Reports First Quarter Results

About this update from The Andersons, Inc.

[{"type":"text","content":"MAUMEE, Ohio, May 6, 2025 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nFirst Quarter Highlights:\nCompany reported net income attributable to The Andersons of $0.3 million, or $0.01 per diluted share and adjusted net income of $4 million, or $0.12 per diluted shareAdjusted EBITDA was $57 millionRenewables reported pretax income of $25 million and pretax income attributable to The Andersons of $15 million on strong operating performance and solid merchandisingAgribusiness recorded a pretax loss of $10 million and breakeven adjusted pretax income attributable to The Andersons on stagnant market conditions\"We had mixed results in a turbulent first quarter. The Renewables segment performed well and our ethanol plants had strong operating efficiency and financial results. Coupled with the performance of our ethanol and renewable diesel feedstock merchandising, the segment produced one of its best first quarters. In Agribusiness, we faced challenging markets as global trade uncertainties disrupted typical grain flows and caused many of our commercial customers to focus on just-in-time purchasing. Our agronomy team is off to a good start with product well-positioned for the upcoming planting season,\" said President and CEO Bill Krueger. \"As planting progresses, we see ample second quarter opportunities for our agronomy teams with the expected increase in corn acres this year. Strong system-wide corn and wheat production should provide a good environment for storage and handling in our assets later in the year. We also expect continued demand for our ethanol products, both domestic and export, as we enter the spring maintenance and driving season. We remain pleased with our overall asset and merchandising footprint. With the combination of the former Trade and Nutrient businesses, we are reviewing the portfolio to find synergies and process improvements.\"\n\"We continue to pursue growth opportunities. Our longer lead time capital projects in Agribusiness are progressing well and are expected to be completed by mid-2026,\" continued Krueger. \"Our Renewables projects are focused on improving efficiency, co-product yields and lowering the carbon intensity of our high-performing ethanol plants.\"\n$ in millions, except per share amou...

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