Declared Dividend • Jun 25
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 1st July 2026 Payment date: 22nd July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 15
The Andersons, Inc. to Report Q1, 2026 Results on May 05, 2026 The Andersons, Inc. announced that they will report Q1, 2026 results at 4:00 PM, Eastern Daylight on May 05, 2026 Duyuru • Mar 12
The Andersons, Inc., Annual General Meeting, May 07, 2026 The Andersons, Inc., Annual General Meeting, May 07, 2026. Duyuru • Feb 13
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2026, Payable on April 22, 2026 The Andersons, Inc. announced a second quarter 2026 cash dividend of 20 cents ($0.20) per share payable on April 22, 2026, to shareholders of record as of April 01, 2026. Duyuru • Jan 27
The Andersons, Inc. to Report Q4, 2025 Results on Feb 17, 2026 The Andersons, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 17, 2026 Duyuru • Oct 15
The Andersons, Inc. to Report Q3, 2025 Results on Nov 04, 2025 The Andersons, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Duyuru • Aug 16
The Andersons, Inc. Appoints Emmanuel Ayuk as Executive Vice President, General Counsel, and Corporate Secretary, Effective September 2, 2025 The Andersons, Inc. announced that Emmanuel Ayuk will join the company as executive vice president, general counsel, and corporate secretary, reporting to President and CEO Bill Krueger, beginning September 2, 2025. Ayuk previously served as chief counsel for the Ag Services & Oilseeds Business Unit at ADM. Prior to that, he held a series of leadership roles at ADM across the compliance and legal functions, with global responsibilities spanning the U.S., Europe, the Middle East, and Africa. He was also a partner at Stinson LLP before joining ADM. He holds a bachelor's degree from Dickinson College and earned his Juris Doctor from the University of Tulsa College of Law. He currently serves on the board of the Legal Aid Society of Metropolitan Family Services in Chicago. Duyuru • Aug 06
The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million. The Andersons, Inc. (NasdaqGS:ANDE) acquired remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) for approximately $430 million on July 31, 2025. Consideration consists of a net purchase price of $385 million and $40 million of working capital. The transaction was funded with cash on hand and debt from existing credit facilities. Goldman Sachs & Co. LLC served as financial advisor to The Andersons, Inc.
The Andersons, Inc. (NasdaqGS:ANDE) completed the acquisition of remaining 49.9% stake in The Andersons Marathon Holdings LLC from Marathon Petroleum Corporation (NYSE:MPC) on July 31, 2025. Duyuru • Jul 16
The Andersons, Inc. to Report Q2, 2025 Results on Aug 04, 2025 The Andersons, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 04, 2025 Duyuru • Jun 20
the Andersons, Inc. Declares Cash Dividend for Third Quarter 2025, Payable on July 22, 2025 The Andersons, Inc. announced third quarter 2025 cash dividend of 19.5 cents ($0.195) per share payable on July 22, 2025, to shareholders of record as of July 01, 2025. Duyuru • Apr 16
The Andersons, Inc. to Report Q1, 2025 Results on May 06, 2025 The Andersons, Inc. announced that they will report Q1, 2025 results at 4:00 PM, Eastern Standard Time on May 06, 2025 Duyuru • Feb 20
The Andersons, Inc., Annual General Meeting, May 08, 2025 The Andersons, Inc., Annual General Meeting, May 08, 2025. Duyuru • Feb 13
The Andersons, Inc. Declares Cash Dividend for Second Quarter of 2025, Payable on April 22, 2025 The Andersons, Inc. announced 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 1, 2025. Duyuru • Jan 29
The Andersons, Inc. to Report Q4, 2024 Results on Feb 18, 2025 The Andersons, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 18, 2025 Duyuru • Dec 11
The Andersons, Inc. Announces Executive Appointments, Effective January 1, 2025 The Andersons, Inc. announced the appointments of Weston Heide and Mark Simmons as Executive Vice Presidents to lead the Agribusiness and Renewables segments, respectively, effective January 1, 2025. The shift to a two-segment operating and reporting structure is designed to streamline operational efficiency, enhance cross-functional collaboration, and drive growth. This structure will support the company's focus on unlocking value across the former Nutrient & Industrial and Trade segments to form the Agribusiness segment. The Renewables segment will continue to substantially operate as currently reported with an enhanced focus on growth. Financial reporting for 2024 will remain under the current structure, with the transition to the new structure beginning first quarter 2025. Weston Heide joined The Andersons in 2019 as part of its acquisition of Lansing Trade Group. He currently serves as senior vice president of trade and processing where he leads business units across commodity merchandising, grain handling assets, specialty ingredients, and facility operations and safety. Heide brings over 15 years of experience in the agribusiness sector covering various corporate and commercial roles. Mark Simmons also joined The Andersons in 2019 as part of the Lansing acquisition and currently serves the role of vice president for the renewables business where he is responsible for ethanol marketing, trading, and plant originations. He began his career trading feed ingredients and transitioned to renewable fuels in 2006, where he was integral in the success of the ethanol trading business. Simmons has more than 25 years' experience in agriculture and the renewables industry and throughout his career has held various trading roles in crude oil, biodiesel, and refined products. The two EVPs bring extensive expertise and a commitment to operational excellence. Initially, they will oversee day-to-day operations under the current framework as they transition to their new roles. Their focus will be on partnering across the organization to unify efforts, drive productivity, and position The Andersons for long-term success. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$0.80 (vs US$0.29 in 3Q 2023) Third quarter 2024 results: EPS: US$0.80 (up from US$0.29 in 3Q 2023). Revenue: US$2.62b (down 28% from 3Q 2023). Net income: US$27.4m (up 182% from 3Q 2023). Profit margin: 1.0% (up from 0.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 16
The Andersons, Inc. to Report Q3, 2024 Results on Nov 04, 2024 The Andersons, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2024 Upcoming Dividend • Sep 24
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 22 October 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Declared Dividend • Aug 26
Second quarter dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 1st October 2024 Payment date: 22nd October 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$1.06 (vs US$1.63 in 2Q 2023) Second quarter 2024 results: EPS: US$1.06 (down from US$1.63 in 2Q 2023). Revenue: US$2.80b (down 31% from 2Q 2023). Net income: US$36.0m (down 35% from 2Q 2023). Profit margin: 1.3% (down from 1.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 17
The Andersons, Inc. to Report Q2, 2024 Results on Aug 06, 2024 The Andersons, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 06, 2024 Duyuru • Jun 21
The Andersons, Inc. Announces Third Quarter 2024 Cash Dividend, Payable on July 22, 2024 The Andersons, Inc. announced a third quarter 2024 cash dividend of 19 cents per share payable on July 22, 2024, to shareholders of record as of July 1, 2024. Duyuru • Jun 08
The Andersons, Inc. (NasdaqGS:ANDE) have signed a non-binding letter of intent to acquire unknown majority in Skyland Grain LLC. The Andersons, Inc. (NasdaqGS:ANDE) have signed a non-binding letter of intent to acquire unknown majority in Skyland Grain LLC on June 6, 2024. As part of the transaction, any definitive agreement would be subject to the completion of due diligence, approval of both The Andersons and Skyland's board of directors, negotiation of documents, and any applicable (including regulatory) approvals. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Steven Campbell was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 11
The Andersons, Inc. Appoints Pat Bowe as Chairman of the Board The Andersons, Inc. announced the election of the company's President and CEO, Pat Bowe, to serve as chairman of the board of directors. Bowe will succeed Michael J. (Mike) Anderson who is retiring from The Andersons board after serving as chairman since 2009. Mike Anderson was named president and chief executive officer in 1999, and as chairman and CEO until Pat Bowe joined The Andersons as president and CEO in 2015. Bowe brings over 40 years of visionary leadership and strategic insight to his role as chairman. Under his guidance, The Andersons looks forward to continued growth and success. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.16 (vs US$0.44 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.16 (up from US$0.44 loss in 1Q 2023). Revenue: US$2.72b (down 30% from 1Q 2023). Net income: US$5.58m (up US$20.3m from 1Q 2023). Profit margin: 0.2% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 25
President recently sold €497k worth of stock On the 23rd of April, Patrick Bowe sold around 9k shares on-market at roughly €56.40 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.8m. Patrick has been a net seller over the last 12 months, reducing personal holdings by €11m. Duyuru • Apr 24
The Andersons, Inc. to Report Q1, 2024 Results on May 07, 2024 The Andersons, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.2%). Duyuru • Mar 14
The Andersons, Inc., Annual General Meeting, May 09, 2024 The Andersons, Inc., Annual General Meeting, May 09, 2024, at 08:00 US Eastern Standard Time. Agenda: To consider the election of nine directors identified as nominees herein to hold office for a one-year term; to consider Advisory approval of executive compensation; to consider the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024; and to consider any other matters. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 28th March 2024 Payment date: 22nd April 2024 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Feb 23
President recently sold €1.8m worth of stock On the 21st of February, Patrick Bowe sold around 35k shares on-market at roughly €51.29 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Patrick has been a net seller over the last 12 months, reducing personal holdings by €10.0m. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$3.00 (vs US$3.53 in FY 2022) Full year 2023 results: EPS: US$3.00 (down from US$3.53 in FY 2022). Revenue: US$14.8b (down 15% from FY 2022). Net income: US$101.2m (down 15% from FY 2022). Profit margin: 0.7% (in line with FY 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 16
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2024, Payable on April 22, 2024 The Andersons, Inc. announced a second quarter 2024 cash dividend of 19 cents ($0.19) per share payable on April 22, 2024, to shareholders of record as of April 1, 2024. Duyuru • Jan 30
The Andersons, Inc. to Report Q4, 2023 Results on Feb 20, 2024 The Andersons, Inc. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Recent Insider Transactions • Jan 09
President recently sold €226k worth of stock On the 4th of January, Patrick Bowe sold around 4k shares on-market at roughly €51.33 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.2m. Patrick has been a net seller over the last 12 months, reducing personal holdings by €8.2m. Recent Insider Transactions • Dec 19
President recently sold €837k worth of stock On the 15th of December, Patrick Bowe sold around 17k shares on-market at roughly €50.23 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Patrick has been a net seller over the last 12 months, reducing personal holdings by €5.0m. Duyuru • Dec 15
The Andersons, Inc. Declares Cash Dividend for First Quarter 2024, Payable on January 22, 2024 The Andersons, Inc. announced a first quarter 2024 cash dividend of 19 cents ($0.19) per share payable on January 22, 2024, to shareholders of record as of January 02, 2024. This 3% increase from the company's fourth quarter 2023 cash dividend of 18.5 cents ($0.185) per share reflects continuing strong operating performance. Recent Insider Transactions • Nov 17
Independent Director recently sold €238k worth of stock On the 15th of November, Ross Manire sold around 5k shares on-market at roughly €47.67 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €471k. Insiders have been net sellers, collectively disposing of €9.4m more than they bought in the last 12 months. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.29 (vs US$0.51 in 3Q 2022) Third quarter 2023 results: EPS: US$0.29 (down from US$0.51 in 3Q 2022). Revenue: US$3.64b (down 14% from 3Q 2022). Net income: US$9.71m (down 44% from 3Q 2022). Profit margin: 0.3% (down from 0.4% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 38% per year. Duyuru • Oct 24
The Andersons, Inc. to Report Q3, 2023 Results on Nov 07, 2023 The Andersons, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.18 per share at 1.4% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Sep 01
President recently sold €471k worth of stock On the 30th of August, Patrick Bowe sold around 10k shares on-market at roughly €47.70 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.6m. Patrick has been a net seller over the last 12 months, reducing personal holdings by €4.1m. Recent Insider Transactions • Aug 22
Chief Operating Officer recently sold €1.2m worth of stock On the 17th of August, William Krueger sold around 26k shares on-market at roughly €46.42 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.6m. William has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Duyuru • Aug 18
The Andersons, Inc. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on October 20, 2023 The Andersons, Inc. announced a fourth quarter 2023 cash dividend of 18.5 cents ($0.185) per share payable on October 20, 2023, to shareholders of record as of October 2, 2023. Duyuru • Aug 08
The Andersons, Inc. Appoints Sarah Zibbel as Executive Vice President and Chief Human Resources Officer, Effective August 10, 2023 The Andersons, Inc. announced that Sarah Zibbel will join the company as executive vice president and chief human resources officer, reporting to President and CEO Pat Bowe, effective August 10, 2023. Zibbel is the former chief human resources officer for Libbey and served in that role since 2018. At Libbey, she was part of the leadership team that led the multi-year reorganization of the company and the purpose driven culture renovation focused on inclusion, leadership excellence, accountability, and engagement with a goal of securing sustainable, long-term growth. Prior to that, she served in various HR roles of increasing responsibility for Owens-Illinois, Rexam, Owens Corning, and MedCorp, Inc. Recent Insider Transactions • Aug 06
President recently sold €2.6m worth of stock On the 2nd of August, Patrick Bowe sold around 56k shares on-market at roughly €46.15 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 0.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Significant insider selling over the past 3 months (€392k sold). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$1.63 (vs US$2.38 in 2Q 2022) Second quarter 2023 results: EPS: US$1.63 (down from US$2.38 in 2Q 2022). Revenue: US$4.02b (down 9.7% from 2Q 2022). Net income: US$55.0m (down 32% from 2Q 2022). Profit margin: 1.4% (down from 1.8% in 2Q 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 13
The Andersons, Inc. to Report Q2, 2023 Results on Aug 01, 2023 The Andersons, Inc. announced that they will report Q2, 2023 results After-Market on Aug 01, 2023 Duyuru • Jun 24
The Andersons, Inc. Announces Third Quarter 2023 Cash Dividend, Payable on July 24, 2023 The Andersons, Inc. announced third quarter 2023 Cash Dividend of 18.5 Cents ($0.185) per share, payable on July 24, 2023, to shareholders of record as of July 3, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: US$0.44 loss per share (vs US$0.18 profit in 1Q 2022) First quarter 2023 results: US$0.44 loss per share (down from US$0.18 profit in 1Q 2022). Revenue: US$3.88b (down 2.4% from 1Q 2022). Net loss: US$14.8m (down 344% from profit in 1Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.18 per share at 1.9% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.9%). Recent Insider Transactions • Mar 02
Chairman recently sold €215k worth of stock On the 27th of February, Michael Anderson sold around 5k shares on-market at roughly €43.04 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €418k. Michael has been a net seller over the last 12 months, reducing personal holdings by €3.1m. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €42.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Consumer Retailing industry in Europe. Total returns to shareholders of 153% over the past three years. Recent Insider Transactions • Feb 19
Chairman recently sold €418k worth of stock On the 16th of February, Michael Anderson sold around 10k shares on-market at roughly €41.82 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.9m. Duyuru • Feb 18
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2023, Payable on April 24, 2023 The Andersons, Inc. announced a second quarter 2023 cash dividend of 18.5 cents ($0.185) per share payable on April 24, 2023, to shareholders of record as of April 3, 2023. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: US$3.53 (vs US$3.00 in FY 2021) Full year 2022 results: EPS: US$3.53 (up from US$3.00 in FY 2021). Revenue: US$17.3b (up 37% from FY 2021). Net income: US$119.1m (up 20% from FY 2021). Profit margin: 0.7% (down from 0.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 26
The Andersons, Inc. to Report Q4, 2022 Results on Feb 14, 2023 The Andersons, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 14, 2023 Upcoming Dividend • Dec 23
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 30 December 2022. Payment date: 20 January 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.8%). Duyuru • Dec 17
The Andersons, Inc. Declares Cash Dividend for First Quarter 2023, Payable on January 20, 2022 The Andersons, Inc. announced a first quarter 2023 cash dividend of 18.5 cents ($0.185) per share payable on January 20, 2023, to shareholders of record as of January 3, 2023. This 3% increase from the company's fourth quarter 2022 cash dividend of 18 cents ($0.18) per share reflects continuing strong operating performance. Duyuru • Nov 17
The Andersons, Inc. Names Bill Krueger as Chief Operating Officer, Effective December 1, 2022 The Andersons, Inc. announced Bill Krueger has been appointed as Chief Operating Officer (COO) effective December 1, 2022. Krueger joined The Andersons in 2019 as part of its acquisition of Lansing Trade Group where he served as president and CEO for nearly 14 years. Most recently, he was president of trade and processing at The Andersons. He currently serves on the Executive Committee of the National Grain & Feed Association (NGFA). Prior to The Andersons and Lansing, he held positions as a grain merchant for Scoular and ConAgra Trade Group where he began his journey working in the commodity industry and gained a strong business development skillset in grains, energy, risk management, and corporate finance. Krueger's commitment to serving the community is evident in his current role as chairman of the board of Children's Mercy Hospital in Kansas City, Missouri. Krueger earned his undergraduate degree in agribusiness from the University of Nebraska-Lincoln and holds a Master of Business Administration in finance from DeVry University'sKeller Graduate School of Management. In his new position, Krueger will be responsible for all of the company's operating segments. The nutrient and industrial business unit, led by Joe McNeely, will continue to report to CEO Pat Bowe through March of 2023 as Krueger transitions to his new role. McNeely will begin reporting to Krueger, in his current capacity as president of nutrient and industrial, beginning April 2023. Executive Vice President and Chief Financial Officer Brian Valentine and Executive Vice President, General Counsel Christine Castellano will continue to report to Pat Bowe. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.51 (vs US$0.42 in 3Q 2021) Third quarter 2022 results: EPS: US$0.51 (up from US$0.42 in 3Q 2021). Revenue: US$4.22b (up 41% from 3Q 2021). Net income: US$17.4m (up 25% from 3Q 2021). Profit margin: 0.4% (down from 0.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.0% p.a. on average during the next 2 years, while revenues in the Consumer Retailing industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 02
The Andersons, Inc. (NasdaqGS:ANDE) acquired Bridge Agri Partners Inc. The Andersons, Inc. (NasdaqGS:ANDE) acquired Bridge Agri Partners Inc. on November 01, 2022. Bridge Agri Partners Inc. will continue to work under the Bridge Agri Partners name as a wholly owned subsidiary of The Andersons, Inc. Darwin Rusu joins The Andersons, Inc.
The Andersons, Inc. (NasdaqGS:ANDE) completed the acquisition of Bridge Agri Partners Inc. on November 01, 2022. Duyuru • Oct 27
The Andersons, Inc. Names Steven Campbell to Board of Directors, Effective December 1, 2022 The Andersons, Inc. has named Steven Campbell to the company's board of directors, effective December 1, 2022. Mr. Campbell served as Head of North America Grain and Group Executive Vice President at Louis Dreyfus where he retired in 2017. He has held various leadership positions, including as President and CEO of Louis Dreyfus Commodities Grain Merchandising LLC, where he oversaw all grain trading and operations in North America. He also served as a Vice President with Archer Daniels Midland (ADM), and as manager, natural gas trading at American Electric Power (AEP) where helped AEP establish a trading presence in the energy markets. His involvement in industry organizations include serving as Chairman, Kansas City Board of Trade, First Vice Chairman on the North American Export Grain Association's Board of Directors and holding a position on the Commodity Markets Council Board of Directors. In addition, he is a guest lecturer at Auburn University, speaking on commodity trading. Mr. Campbell received his Bachelor of Science and Master of Science in Agricultural Economics from Oklahoma State University. Duyuru • Oct 14
The Andersons, Inc. to Report Q3, 2022 Results on Nov 01, 2022 The Andersons, Inc. announced that they will report Q3, 2022 results at 4:00 PM, Eastern Daylight on Nov 01, 2022 Duyuru • Oct 11
The Andersons, Inc. (NasdaqGS:ANDE) has signed an agreement to purchase the assets of Mote Farm Service, Inc. The Andersons, Inc. (NasdaqGS:ANDE) has signed an agreement to purchase the assets of Mote Farm Service, Inc. on October 10, 2022. The purchase will include Mote's Union City, Indiana, and Harrisville, Indiana, locations. The purchase is expected to close later this month. Upcoming Dividend • Sep 23
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.8%). Recent Insider Transactions • Aug 26
Chairman recently sold €330k worth of stock On the 23rd of August, Michael Anderson sold around 8k shares on-market at roughly €39.55 per share. In the last 3 months, they made an even bigger sale worth €1.8m. Michael has been a seller over the last 12 months, reducing personal holdings by €2.3m. Duyuru • Aug 20
The Andersons, Inc. Announces Cash Dividend for the Fourth Quarter of 2022, Payable on October 21, 2022 The Andersons, Inc. announced a fourth quarter 2022 cash dividend of 18 cents ($0.18) per share payable on October 21, 2022, to shareholders of record as of October 3, 2022. Recent Insider Transactions • Aug 09
Chairman recently sold €62k worth of stock On the 5th of August, Michael Anderson sold around 2k shares on-market at roughly €38.22 per share. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Aug 03
Second quarter 2022 earnings released Second quarter 2022 results: EPS: US$2.38. Revenue: US$4.45b (flat on 2Q 2021). Net income: US$80.5m (up US$80.5m from 2Q 2021). Profit margin: 1.8% (up from null in 2Q 2021). Over the next year, revenue is expected to shrink by 5.9% compared to a 7.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 20
The Andersons, Inc. to Report Q2, 2022 Results on Aug 02, 2022 The Andersons, Inc. announced that they will report Q2, 2022 results at 4:00 PM, Eastern Daylight on Aug 02, 2022 Duyuru • Jul 09
Cathcart Rail, LLC completed the acquisition of Railcar Repair Business of The Andersons, Inc. (NasdaqGS:ANDE). Cathcart Rail, LLC has signed an agreement to acquire Railcar Repair Business of The Andersons, Inc. (NasdaqGS:ANDE) on May 3, 2022. The purchase is expected to close this summer.
Cathcart Rail, LLC completed the acquisition of Railcar Repair Business of The Andersons, Inc. (NasdaqGS:ANDE) on July 8, 2022. Duyuru • Jun 17
the Andersons, Inc. Announces Cash Dividend for the Third Quarter of 2022, Payable on July 22, 2022 The Andersons, Inc. announced a third quarter 2022 cash dividend of 18 cents ($0.18) per share payable on July 22, 2022, to shareholders of record as of July 1, 2022. This is The Andersons 103rd consecutive quarterly cash dividend since listing on the Nasdaq in February 1996. Duyuru • May 05
Cathcart Rail, LLC has signed an agreement to acquire Railcar Repair Business of The Andersons, Inc. (NasdaqGS:ANDE). Cathcart Rail, LLC has signed an agreement to acquire Railcar Repair Business of The Andersons, Inc. (NasdaqGS:ANDE) on May 3, 2022. The purchase is expected to close this summer. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.18 (vs US$0.46 in 1Q 2021) First quarter 2022 results: EPS: US$0.18 (down from US$0.46 in 1Q 2021). Revenue: US$3.98b (up 51% from 1Q 2021). Net income: US$6.06m (down 60% from 1Q 2021). Profit margin: 0.2% (down from 0.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.4% compared to a 7.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 28
Insider recently sold €1.5m worth of stock On the 22nd of April, William Krueger sold around 30k shares on-market at roughly €49.53 per share. In the last 3 months, they made an even bigger sale worth €1.8m. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. Duyuru • Apr 21
The Andersons, Inc. to Report Q1, 2022 Results on May 03, 2022 The Andersons, Inc. announced that they will report Q1, 2022 results at 4:00 PM, Eastern Daylight on May 03, 2022 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 16% share price gain to €52.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total returns to shareholders of 98% over the past three years. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.1%). 
