The Andersons, Inc. ( ANDE ) Q3 2025 Earnings Call November 5, 2025 8:30 AM EST Company Participants Michael Hoelter - VP, Corporate Controller & Investor Relations William Krueger - CEO, President & Director Brian Valentine - Executive VP & CFO Conference Call Participants Pooran Sharma - Stephens Inc., Research Division Benjamin Mayhew - BMO Capital Markets Equity Research Jaeson Schmidt - Lake Street Capital Markets, LLC, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to The Andersons 2025 Third Quarter Earnings Conference Call. My name is Joe, and I will be your coordinator for today.
The Andersons, Inc. (NASDAQ:ANDE ) Q2 2025 Earnings Conference Call August 5, 2025 8:30 AM ET Company Participants Brian A. Valentine - Executive VP & CFO Michael T.
The Andersons is a value play with ethanol upside but is exposed to corn price volatility, making its margins sensitive to commodity cycles. ANDE's diversified segments—Trade, Renewables, and Nutrient & Industrial—benefit from agricultural volatility, energy demand, and supportive biofuel policies like the OBBBA. ANDE appears fairly valued or undervalued vs. peers, with multiple tailwinds from policy, energy markets, and its internal segment hedges supporting the investment thesis.
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | William E. Krueger CEO | XMUN Exchange | US0341641035 ISIN |
| US Country | 2,224 Employees | 1 Oct 2025 Last Dividend | 29 Jun 2006 Last Split | - IPO Date |
The Andersons, Inc. is a diversified company with a broad operational footprint, engaging in trade, renewables, and nutrient and industrial sectors across the United States, Canada, Mexico, Egypt, Switzerland, and other international locations. Founded in 1947 and headquartered in Maumee, Ohio, the company’s business activities are categorized into three main segments: Trade, Renewables, and Nutrient & Industrial, each serving a wide range of industries with various product offerings and services. The organization is well-known for its comprehensive services in grain marketing, risk management, and the production and distribution of renewable energy sources and essential agricultural inputs.
The Andersons’ Trade segment is pivotal, including the operation of grain elevators, storage of commodities, and the provision of extensive grain marketing and risk management services. This segment caters to the agricultural sector by merchandising and logistics services for commodities such as corn, soybeans, wheat, oats, ethanol, and corn oil, focusing on the efficient distribution and promotion of these essential agricultural products.
In Renewables, The Andersons contribute to sustainable energy solutions by producing and selling ethanol and its co-products. This segment leverages the company’s investments and operations in ethanol plants to offer facility operations, risk management, and marketing services, highlighting The Andersons’ commitment to renewable energy and the circular economy.
This segment exhibits The Andersons' multifaceted approach to agriculture and industrial solutions. It encompasses the manufacturing, distribution, and retail of agricultural and related plant nutrients and liquid industrial products, including:
The segment’s expansive product line and services, including application and agronomic support, are tailored to meet the comprehensive needs of commercial and family farmers, reinforcing The Andersons’ role as a comprehensive provider of agricultural solutions.