MAUMEE, Ohio, Nov. 4, 2025 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) pronounces monetary effects for the 3rd quarter ended September 30, 2025.
3rd Quarter Highlights:
- Reported internet source of revenue due to The Andersons of $20 million or $0.59 consistent with diluted percentage and changed internet source of revenue attributable of $29 million, or $0.84 consistent with diluted percentage
- Adjusted EBITDA of $78 million
- Renewables reported pretax source of revenue of $43 million and changed pretax source of revenue attributable of $46 million on robust working efficiency and year-to-date 45Z tax credit
- Agribusiness recorded pretax source of revenue of $1 million and changed pretax source of revenue attributable of $2 million
“This quarter’s results include 100% ownership of our ethanol plants for August and September as a result of the acquisition we completed at the end of July. We are excited to have full control over these strategic assets and are both evaluating and implementing a variety of enhancements to continue improving ethanol and co-product yields while lowering the carbon intensity of the ethanol we produce,” stated President and CEO Invoice Krueger. “During the third quarter, we successfully completed our analysis of the requirements to qualify for 45Z tax credits. The year-to-date impact for our share of ethanol gallons sold is reflected in this quarter. We continue to be encouraged on fundamentals in Renewable fuels and will look for further opportunities to grow our presence in the space.”
“We are progressing on our Port of Houston project, a strategic investment to add export capacity for soybean meal and efficiency improvements to the existing grain operations, which we expect will be completed in mid-2026. We continue to integrate Skyland Grain, LLC assets into our Agribusiness segment. Additionally, we are investing in our premium food corn business to increase capacity resulting from growing customer demand. We are on track to meet our run-rate EPS target by the end of 2026, and we anticipate further growth opportunities resulting from the current agricultural environment. We will be hosting an Investor Day on December 9, where we plan to provide updated long-range financial targets,” endured Krueger.
Money, Liquidity, and Lengthy-Time period Debt Control
“Our businesses continue to generate strong cash flows, allowing us to fund the ethanol purchase with cash on hand and only a minimal increase to our operating line. We expect to continue to fund many of our growth projects internally and our debt remains at a modest level,” stated Govt Vice President and CFO Brian Valentine. “As a reminder, we now have access to 100% of the cash generated by our ethanol operations. We remain below our long-term debt to EBITDA target of less than 2.5 times and are pleased with the strength of our balance sheet.”
Money supplied via working actions was once $234 million and a significance of $2 million within the 3rd quarter of 2025 and 2024, respectively. Money from operations ahead of running capital adjustments in the similar classes was once $68 million and $86 million, respectively. Money spent on capital tasks within the quarter totaled $67 million, a $29 million building up from 2024.
3rd Quarter Department Evaluation
|
$ in tens of millions, except for consistent with percentage quantities |
|
|
|
|||
| |
Q3 2025 |
Q3 2024 |
Variance |
YTD 2025 |
YTD 2024 |
Variance |
|
Pretax Source of revenue |
$ 25.8 |
$ 62.2 |
$ (36.4) |
$ 53.9 |
$ 133.5 |
$ (79.6) |
|
Pretax Source of revenue On account of the Corporate1 |
19.9 |
38.1 |
(18.2) |
34.0 |
85.8 |
(51.8) |
|
Adjusted Pretax Source of revenue On account of the |
31.1 |
34.6 |
(3.5) |
49.3 |
86.1 |
(36.8) |
|
Agribusiness1 |
2.5 |
19.2 |
(16.7) |
19.2 |
57.3 |
(38.1) |
|
Renewables1 |
46.3 |
25.9 |
20.4 |
71.2 |
62.9 |
8.3 |
|
Alternative1 |
(17.7) |
(10.5) |
(7.2) |
(41.1) |
(34.1) |
(7.0) |
|
Web Source of revenue On account of the Corporate |
20.1 |
27.4 |
(7.3) |
28.3 |
68.9 |
(40.6) |
|
Adjusted Web Source of revenue On account of the |
28.5 |
24.7 |
3.8 |
40.9 |
69.8 |
(28.9) |
|
Diluted Income According to Percentage (“EPS”) |
0.59 |
0.80 |
(0.21) |
0.82 |
2.01 |
(1.19) |
|
Adjusted EPS1 |
0.84 |
0.72 |
0.12 |
1.19 |
2.04 |
(0.85) |
|
EBITDA1 |
69.0 |
101.0 |
(32.0) |
189.0 |
246.6 |
(57.6) |
|
Adjusted EBITDA1 |
$ 78.3 |
$ 97.4 |
$ (19.1) |
$ 200.7 |
$ 246.9 |
$ (46.2) |
|
1 Non-GAAP monetary measures; see appendix for explanations and reconciliations. |
||||||
Grain Markets Stay Over-Equipped, Wheat Harvests Entire
Agribusiness recorded pretax source of revenue of $1 million and changed pretax source of revenue due to the corporate of $2 million for the quarter, in comparison to pretax source of revenue of $23 million and changed pretax source of revenue of $19 million within the 3rd quarter of 2024.
Business coverage hesitancy, at the side of ongoing low costs and volatility, resulted in lowered improper benefit in our grain belongings and vending companies (aside from Skyland). Decrease margins throughout our belongings and vending footprint and decrease put-through volumes at our belongings contributed to this subside in comparison to Q3 2024. Wheat harvest was once finished throughout the quarter with higher-than-expected volumes, permitting our elevators in each the japanese and western grain belts to acquire bushels at favorable foundation values.
Fall harvest kicked off within the 3rd quarter and is continuous to walk with yieldings various around the nation. With a immense harvest and coffee marketplace costs, feed and end-use shoppers proceed to restrict their buying to quick wishes. We predict elevation margins and vending alternatives to extend within the fourth quarter. Our balanced asset and vending portfolio permit alternatives in diverse marketplace situations, together with this new era of upper provide with restricted volatility.
The 3rd quarter nutrient trade noticed higher margins and better year-over-year volumes on this seasonally gradual quarter. Fourth quarter farmer fertilizer gross sales and programs, climate allowing, will have to understand greater margins however might see lowered call for because of low grain costs.
Agribusiness’ 3rd quarter adjusted EBITDA was once $29 million, in comparison to $45 million in 2024.
Renewables with Cast Quarter on Environment friendly Operations and Acquisition; Tax Credit score Receive advantages
The Renewables department reported pretax source of revenue of $43 million and changed pretax source of revenue due to the corporate of $46 million within the 3rd quarter. For a similar era in 2024, the department reported pretax source of revenue of $50 million and pretax source of revenue due to the corporate of $26 million.
Effects come with two months of complete possession of the ethanol crops and the recording of year-to-date 2025 45Z tax credit of $20 million. The ethanol crops proceed to run successfully, to bring about quite greater year-over-year yieldings and gallons produced. Decrease board overwhelm, greater corn foundation, and higher herbal fuel prices contributed to decrease total margins. Plant co-product contribution stepped forward with greater distillers corn oil costs, partly offset via declines in values of withered distillers grain. The have an effect on of complete possession of the crops added pretax profits of roughly $12 million, or $0.28 consistent with percentage, to the quarter’s effects.
Sturdy ethanol call for, together with exports, and an anticipated relief in corn prices post-harvest will have to serve assistance for ethanol values. Below new legislation, 45Z tax credit stay in impact via 2029, offering endured coverage assistance for renewable fuels and month enlargement alternatives at our crops. One such alternative is at our Clymers, Indiana, facility, the place a Elegance VI neatly allow for our finished take a look at neatly is these days progressing throughout the EPA’s favor procedure. As soon as licensed, this facility can be eligible to sequester carbon on-site, reducing our carbon depth ranking even additional.
Renewables had adjusted 3rd quarter EBITDA of $67 million in 2025, in comparison to EBITDA of $63 million in 2024.
Source of revenue Taxes
The corporate recorded a little source of revenue tax receive advantages for the quarter. This can be a results of non-taxable 45Z source of revenue known and the removing of sure reserves in opposition to unsure tax positions matching to R&D tax credit. Together with complete possession of the ethanol crops, we now look ahead to a full-year adjusted efficient price of roughly 15% – 18% which contains the have an effect on of the predicted full-year non-taxable credit.
Convention Name
The corporate will host a webcast on Wednesday, November 5, 2025, at 8:30 a.m. ET, to talk about its efficiency and serve its outlook for the fourth quarter of 2025 and early 2026. To get right of entry to the decision, please dial 888-317-6003 or 412-317-6061 (elite access quantity is 6342920). It’s endorsed that you just name 10 mins ahead of the convention name starts.
To get right of entry to the webcast, click on at the hyperlink: https://app.webinar.net/MyZDd8eY3O0 and post the asked data as directed. A replay of the decision will also be accessed beneath the heading “Investors” at the corporate’s web site at www.andersonsinc.com.
Ahead-Having a look Statements
This loose comprises forward-looking statements. Those statements contain dangers and uncertainties that would purpose original effects to range materially. With out limitation, those dangers come with financial, climate and regulatory situations, pageant, geopolitical possibility, and the chance elements prepared forth from occasion to occasion within the corporate’s filings with the Securities and Trade Fee. Even though the corporate believes that the guesses upon which the monetary data and its forward-looking statements are based totally are cheap, it may give disagree promise that those guesses will end up to be proper.
Non-GAAP Measures
This loose comprises non-GAAP monetary measures. The corporate believes that pretax source of revenue (loss) due to the corporate; adjusted pretax source of revenue (loss) due to the corporate; adjusted pretax source of revenue (loss); adjusted internet source of revenue due to the corporate; adjusted diluted profits consistent with percentage; profits ahead of passion, taxes, depreciation, and amortization (or EBITDA); adjusted EBITDA; and money from operations ahead of running capital adjustments serve backup data to traders and others about its operations, permitting an analysis of underlying working efficiency and liquidity and higher period-to-period comparison. The above measures don’t seem to be and will have to no longer be thought to be as choices to pretax source of revenue (loss) or source of revenue (loss) ahead of source of revenue taxes, internet source of revenue (loss), diluted profits (loss) consistent with percentage due to The Andersons, Inc. ordinary shareholders and money supplied via (impaired in) working actions as aspiring via typically accredited accounting ideas. Reconciliations of the GAAP to non-GAAP measures could also be discovered inside this press loose and the monetary tables supplied herein.
Corporate Description
The Andersons, Inc., is a North American agriculture corporate that conducts trade within the agribusiness and renewables sectors. Guided via its Observation of Rules, The Andersons is dedicated to offering strange provider to its shoppers, serving to its workers give a boost to, supporting its communities, and lengthening the price of the corporate. For more info, please discuss with www.andersonsinc.com.
|
The Andersons, Inc. |
|||||||
| |
3 months ended |
|
9 months ended |
||||
|
(in 1000’s, except for consistent with percentage knowledge) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Gross sales and vending revenues |
$ 2,677,712 |
|
$ 2,620,988 |
|
$ 8,472,679 |
|
$ 8,134,410 |
|
Price of gross sales and vending revenues |
2,506,840 |
|
2,443,863 |
|
7,990,519 |
|
7,653,594 |
|
Rude benefit |
170,872 |
|
177,125 |
|
482,160 |
|
480,816 |
|
Working, administrative and common bills |
172,554 |
|
120,494 |
|
452,897 |
|
356,466 |
|
Passion expense, internet |
10,478 |
|
8,361 |
|
35,069 |
|
21,494 |
|
Alternative source of revenue, internet |
38,003 |
|
13,922 |
|
59,697 |
|
30,651 |
|
Source of revenue ahead of source of revenue taxes |
25,843 |
|
62,192 |
|
53,891 |
|
133,507 |
|
Source of revenue tax (receive advantages) provision |
(228) |
|
10,731 |
|
5,682 |
|
16,911 |
|
Web source of revenue |
26,071 |
|
51,461 |
|
48,209 |
|
116,596 |
|
Web source of revenue due to noncontrolling pursuits |
5,933 |
|
24,096 |
|
19,930 |
|
47,674 |
|
Web source of revenue due to The Andersons, Inc. |
$ 20,138 |
|
$ 27,365 |
|
$ 28,279 |
|
$ 68,922 |
| |
|
|
|
|
|
|
|
|
Income consistent with percentage due to The Andersons, Inc. ordinary |
|
|
|
|
|
|
|
|
Unsophisticated profits: |
$ 0.59 |
|
$ 0.80 |
|
$ 0.83 |
|
$ 2.03 |
|
Diluted profits: |
$ 0.59 |
|
$ 0.80 |
|
$ 0.82 |
|
$ 2.01 |
|
The Andersons, Inc. |
|||||
|
(in 1000’s) |
September 30, |
|
December 31, |
|
September 30, |
|
Belongings |
|
|
|
|
|
|
Flow belongings: |
|
|
|
|
|
|
Money and money equivalents |
$ 81,630 |
|
$ 561,771 |
|
$ 454,065 |
|
Accounts receivable, internet |
715,761 |
|
764,550 |
|
756,618 |
|
Inventories |
899,278 |
|
1,286,811 |
|
884,339 |
|
Commodity spinoff belongings – new |
154,449 |
|
148,801 |
|
122,326 |
|
Alternative new belongings |
110,045 |
|
88,344 |
|
113,726 |
|
Overall new belongings |
1,961,163 |
|
2,850,277 |
|
2,331,074 |
|
Detail, plant and gear, internet |
905,761 |
|
868,151 |
|
709,951 |
|
Alternative belongings, internet |
430,035 |
|
402,886 |
|
347,273 |
|
Overall belongings |
$ 3,296,959 |
|
$ 4,121,314 |
|
$ 3,388,298 |
| |
|
|
|
|
|
|
Liabilities and fairness |
|
|
|
|
|
|
Flow liabilities: |
|
|
|
|
|
|
Scale down-term debt |
$ 141,356 |
|
$ 166,614 |
|
$ 14,716 |
|
Business and alternative payables |
782,683 |
|
1,047,436 |
|
774,347 |
|
Buyer prepayments and deferred earnings |
71,989 |
|
194,025 |
|
67,899 |
|
Commodity spinoff liabilities – new |
68,618 |
|
59,766 |
|
85,640 |
|
Flow maturities of long-term debt |
63,888 |
|
36,139 |
|
27,727 |
|
Amassed bills and alternative new liabilities |
201,939 |
|
227,192 |
|
207,543 |
|
Overall new liabilities |
1,330,473 |
|
1,731,172 |
|
1,177,872 |
|
Lengthy-term debt, much less new maturities |
569,052 |
|
608,151 |
|
542,564 |
|
Alternative long-term liabilities |
174,417 |
|
182,155 |
|
144,855 |
|
Overall liabilities |
2,073,942 |
|
2,521,478 |
|
1,865,291 |
|
Overall fairness |
1,223,017 |
|
1,599,836 |
|
1,523,007 |
|
Overall liabilities and fairness |
$ 3,296,959 |
|
$ 4,121,314 |
|
$ 3,388,298 |
|
The Andersons, Inc. |
|||
| |
9 months ended September 30, |
||
|
(in 1000’s) |
2025 |
|
2024 |
|
Working Actions |
|
|
|
|
Web source of revenue |
$ 48,209 |
|
$ 116,596 |
|
Changes to reconcile internet source of revenue to money supplied via working actions: |
|
|
|
|
Depreciation and amortization |
100,058 |
|
91,626 |
|
Alternative |
20,054 |
|
15,146 |
|
Adjustments in working belongings and liabilities: |
|
|
|
|
Accounts receivable |
42,850 |
|
3,498 |
|
Inventories |
391,784 |
|
278,947 |
|
Commodity derivatives |
2,541 |
|
49,327 |
|
Alternative new and non-current belongings |
(16,914) |
|
(59,376) |
|
Payables and alternative new and non-current liabilities |
(405,399) |
|
(433,069) |
|
Web money supplied via working actions |
183,183 |
|
62,695 |
|
Making an investment Actions |
|
|
|
|
Purchases of trait, plant and gear and capitalized tool |
(162,210) |
|
(93,230) |
|
Insurance coverage proceeds |
26,187 |
|
9,219 |
|
Alternative |
8,723 |
|
(6,581) |
|
Web money impaired in making an investment actions |
(127,300) |
|
(90,592) |
|
Financing Actions |
|
|
|
|
Web bills beneath non permanent strains of credit score |
(27,709) |
|
(27,054) |
|
Proceeds from issuance of long-term debt |
14,700 |
|
— |
|
Bills of long-term debt |
(26,519) |
|
(20,649) |
|
Acquire of noncontrolling passion in a consolidated subsidiary |
(425,000) |
|
— |
|
Distributions to noncontrolling passion proprietor |
(33,657) |
|
(87,325) |
|
Dividends paid |
(19,894) |
|
(19,466) |
|
Familiar secure repurchased |
(15,366) |
|
— |
|
Price of stocks withheld for taxes |
(4,011) |
|
(8,101) |
|
Alternative |
(521) |
|
— |
|
Web money impaired in financing actions |
(537,977) |
|
(162,595) |
|
Impact of change charges on money and money equivalents |
1,953 |
|
703 |
|
Scale down in money and money equivalents |
(480,141) |
|
(189,789) |
|
Money and money equivalents at starting of era |
561,771 |
|
643,854 |
|
Money and money equivalents at stop of era |
$ 81,630 |
|
$ 454,065 |
|
The Andersons, Inc. |
|||||||
| |
3 months ended |
|
9 months ended |
||||
|
(in 1000’s, except for consistent with percentage knowledge) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Web source of revenue |
$ 26,071 |
|
$ 51,461 |
|
$ 48,209 |
|
$ 116,596 |
|
Web source of revenue due to noncontrolling pursuits |
5,933 |
|
24,096 |
|
19,930 |
|
47,674 |
|
Web source of revenue due to The Andersons, Inc. |
20,138 |
|
27,365 |
|
28,279 |
|
68,922 |
|
Changes: |
|
|
|
|
|
|
|
|
Asset impairment |
11,376 |
|
— |
|
11,376 |
|
— |
|
Loss on investments |
— |
|
— |
|
7,178 |
|
— |
|
Acquisition prices |
5,927 |
|
— |
|
5,927 |
|
— |
|
Transaction matching repayment |
1,712 |
|
1,668 |
|
5,583 |
|
8,568 |
|
Pension agreement |
1,448 |
|
— |
|
1,448 |
|
— |
|
Severance expense |
— |
|
— |
|
1,197 |
|
— |
|
Acquire on gross sales of belongings and companies, internet |
(1,567) |
|
— |
|
(4,757) |
|
— |
|
Insured stock and trait healings, internet |
(7,726) |
|
(5,204) |
|
(12,645) |
|
(5,204) |
|
Acquire on deconsolidation of three way partnership |
— |
|
— |
|
— |
|
(3,117) |
|
Source of revenue tax have an effect on of changes1 |
(2,792) |
|
884 |
|
(2,649) |
|
632 |
|
Overall adjusting pieces, internet of tax |
8,378 |
|
(2,652) |
|
12,658 |
|
879 |
|
Adjusted internet source of revenue due to The Andersons, Inc. |
$ 28,516 |
|
$ 24,713 |
|
$ 40,937 |
|
$ 69,801 |
| |
|
|
|
|
|
|
|
|
Diluted profits consistent with percentage due to The Andersons, Inc. ordinary shareholders |
$ 0.59 |
|
$ 0.80 |
|
$ 0.82 |
|
$ 2.01 |
| |
|
|
|
|
|
|
|
|
Affect on diluted profits (loss) consistent with percentage |
$ 0.25 |
|
$ (0.08) |
|
$ 0.37 |
|
$ 0.03 |
|
Adjusted diluted profits consistent with percentage |
$ 0.84 |
|
$ 0.72 |
|
$ 1.19 |
|
$ 2.04 |
| |
|
1 The source of revenue tax have an effect on of changes is taken on the combined federal, climate, and native tax price of 25% except the impairment of an fairness form funding of $4.4 million in 2025 and likely transaction matching repayment in 2024. |
| |
|
Adjusted internet source of revenue (loss) due to The Andersons, Inc. displays reported internet source of revenue (loss) to be had to The Andersons, Inc. ordinary shareholders later the elimination of specified pieces described above. Adjusted diluted profits (loss) consistent with percentage displays the absolutely diluted EPS of The Andersons, Inc. later elimination of the impact on EPS as reported of specified pieces described above. Control believes that Adjusted internet source of revenue (loss) due to The Andersons, Inc. and Adjusted diluted profits (loss) consistent with percentage are helpful measures of The Andersons, Inc. efficiency as they serve traders backup details about the operations of the corporate permitting higher analysis of underlying trade efficiency and higher comparison to earlier classes. Those non-GAAP monetary measures don’t seem to be meant to exchange or be choices to Web source of revenue due to The Andersons, Inc. and Diluted profits consistent with percentage due to The Andersons, Inc. ordinary shareholders as reported, essentially the most without delay similar GAAP monetary measures, or any alternative measures of working effects beneath GAAP. Income quantities described above were divided via the corporate’s moderate selection of diluted stocks exceptional for each and every respective era to bring to reach at an adjusted diluted profits (loss) consistent with percentage quantity for each and every specified merchandise. |
|
The Andersons, Inc. |
|||||||
|
(in 1000’s) |
Agribusiness |
|
Renewables |
|
Alternative |
|
Overall |
|
3 months ended September 30, 2025 |
|
|
|
|
|
|
|
|
Gross sales and vending revenues |
$ 1,988,907 |
|
$ 688,805 |
|
$ — |
|
$ 2,677,712 |
|
Price of gross sales and vending revenues |
1,861,997 |
|
644,843 |
|
— |
|
2,506,840 |
|
Rude benefit |
126,910 |
|
43,962 |
|
— |
|
170,872 |
|
Working, administrative and common bills |
135,891 |
|
16,454 |
|
20,209 |
|
172,554 |
|
Passion expense (source of revenue), internet |
9,111 |
|
1,678 |
|
(311) |
|
10,478 |
|
Alternative source of revenue, internet |
19,558 |
|
17,657 |
|
788 |
|
38,003 |
|
Source of revenue (loss) ahead of source of revenue taxes |
1,466 |
|
43,487 |
|
(19,110) |
|
25,843 |
|
(Loss) source of revenue due to noncontrolling pursuits |
(582) |
|
6,515 |
|
— |
|
5,933 |
|
Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc.1 |
$ 2,048 |
|
$ 36,972 |
|
$ (19,110) |
|
$ 19,910 |
|
Changes to source of revenue (loss) ahead of source of revenue taxes2 |
443 |
|
9,279 |
|
1,448 |
|
11,170 |
|
Adjusted source of revenue (loss) ahead of source of revenue taxes due to The Andersons, |
$ 2,491 |
|
$ 46,251 |
|
$ (17,662) |
|
$ 31,080 |
| |
|
|
|
|
|
|
|
|
3 months ended September 30, 2024 |
|
|
|
|
|
|
|
|
Gross sales and vending revenues |
$ 1,876,042 |
|
$ 744,946 |
|
$ — |
|
$ 2,620,988 |
|
Price of gross sales and vending revenues |
1,756,697 |
|
687,166 |
|
— |
|
2,443,863 |
|
Rude benefit |
119,345 |
|
57,780 |
|
— |
|
177,125 |
|
Working, administrative and common bills |
100,360 |
|
8,895 |
|
11,239 |
|
120,494 |
|
Passion expense (source of revenue), internet |
8,251 |
|
705 |
|
(595) |
|
8,361 |
|
Alternative source of revenue, internet |
12,032 |
|
1,771 |
|
119 |
|
13,922 |
|
Source of revenue (loss) ahead of source of revenue taxes |
22,766 |
|
49,951 |
|
(10,525) |
|
62,192 |
|
Source of revenue due to noncontrolling pursuits |
— |
|
24,096 |
|
— |
|
24,096 |
|
Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc.1 |
$ 22,766 |
|
$ 25,855 |
|
$ (10,525) |
|
$ 38,096 |
|
Changes to source of revenue (loss) ahead of source of revenue taxes2 |
(3,536) |
|
— |
|
— |
|
(3,536) |
|
Adjusted source of revenue (loss) ahead of source of revenue taxes due to The Andersons, |
$ 19,230 |
|
$ 25,855 |
|
$ (10,525) |
|
$ 34,560 |
| |
|
1 Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc. for each and every working department is outlined as internet gross sales and vending revenues plus identifiable alternative source of revenue much less all identifiable working bills, together with passion expense for wearing running capital and long-term belongings and is reported internet of the noncontrolling passion percentage of source of revenue. |
|
2 Alternative data at the person changes which can be integrated within the changes to source of revenue (loss) ahead of source of revenue taxes can also be discovered within the Reconciliation to EBITDA and Adjusted EBITDA desk. All changes are in line with the EBITDA reconciliation except pieces the place a portion of the expense is due to the noncontrolling passion and is represented in Source of revenue due to the noncontrolling passion throughout the reconciliation above. Those changes come with a $4.2 million extra in insured stock and trait damages and a $2.3 million extra in asset impairments within the Agribusiness department for the 3 months ended September 30, 2025. |
|
The Andersons, Inc. |
|||||||
|
(in 1000’s) |
Agribusiness |
|
Renewables |
|
Alternative |
|
Overall |
|
9 months ended September 30, 2025 |
|
|
|
|
|
|
|
|
Gross sales and vending revenues |
$ 6,397,021 |
|
$ 2,075,658 |
|
$ — |
|
$ 8,472,679 |
|
Price of gross sales and vending revenues |
6,019,451 |
|
1,971,068 |
|
— |
|
7,990,519 |
|
Rude benefit |
377,570 |
|
104,590 |
|
— |
|
482,160 |
|
Working, administrative and common bills |
374,392 |
|
35,188 |
|
43,317 |
|
452,897 |
|
Passion expense (source of revenue), internet |
33,268 |
|
3,101 |
|
(1,300) |
|
35,069 |
|
Alternative source of revenue (loss), internet |
40,779 |
|
19,491 |
|
(573) |
|
59,697 |
|
Source of revenue (loss) ahead of source of revenue taxes |
10,689 |
|
85,792 |
|
(42,590) |
|
53,891 |
|
(Loss) source of revenue due to noncontrolling pursuits |
(3,933) |
|
23,863 |
|
— |
|
19,930 |
|
Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc.1 |
$ 14,622 |
|
$ 61,929 |
|
$ (42,590) |
|
$ 33,961 |
|
Changes to source of revenue (loss) ahead of source of revenue taxes2 |
4,580 |
|
9,279 |
|
1,448 |
|
15,307 |
|
Adjusted source of revenue (loss) ahead of source of revenue taxes due to The Andersons, |
$ 19,202 |
|
$ 71,208 |
|
$ (41,142) |
|
$ 49,268 |
| |
|
|
|
|
|
|
|
|
9 months ended September 30, 2024 |
|
|
|
|
|
|
|
|
Gross sales and vending revenues |
$ 6,046,832 |
|
$ 2,087,578 |
|
$ — |
|
$ 8,134,410 |
|
Price of gross sales and vending revenues |
5,699,925 |
|
1,953,669 |
|
— |
|
7,653,594 |
|
Rude benefit |
346,907 |
|
133,909 |
|
— |
|
480,816 |
|
Working, administrative and common bills |
295,187 |
|
25,718 |
|
35,561 |
|
356,466 |
|
Passion expense (source of revenue), internet |
20,980 |
|
2,158 |
|
(1,644) |
|
21,494 |
|
Alternative source of revenue (loss), internet |
23,146 |
|
7,707 |
|
(202) |
|
30,651 |
|
Source of revenue (loss) ahead of source of revenue taxes |
53,886 |
|
113,740 |
|
(34,119) |
|
133,507 |
|
Source of revenue due to noncontrolling pursuits |
— |
|
47,674 |
|
— |
|
47,674 |
|
Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc.1 |
$ 53,886 |
|
$ 66,066 |
|
$ (34,119) |
|
$ 85,833 |
|
Changes to source of revenue (loss) ahead of source of revenue taxes2 |
3,364 |
|
(3,117) |
|
— |
|
247 |
|
Adjusted source of revenue (loss) ahead of source of revenue taxes due to The Andersons, |
$ 57,250 |
|
$ 62,949 |
|
$ (34,119) |
|
$ 86,080 |
| |
|
1 Source of revenue (loss) ahead of source of revenue taxes due to The Andersons, Inc. for each and every working department is outlined as internet gross sales and vending revenues plus identifiable alternative source of revenue much less all identifiable working bills, together with passion expense for wearing running capital and long-term belongings and is reported internet of the noncontrolling passion percentage of source of revenue. |
|
2 Alternative data at the person changes which can be integrated within the changes to source of revenue (loss) ahead of source of revenue taxes can also be discovered within the Reconciliation to EBITDA and Adjusted EBITDA desk. All changes are in line with the EBITDA reconciliation except pieces the place a portion of the expense is due to the noncontrolling passion and is represented in Source of revenue due to the noncontrolling passion throughout the reconciliation above. Those changes come with a $5.9 million extra in insured stock and trait damages and a $2.3 million extra in asset impairments within the Agribusiness department for the 9 months ended September 30, 2025. |
|
The Andersons, Inc. |
|||||||
|
(in 1000’s) |
Agribusiness |
|
Renewables |
|
Alternative |
|
Overall |
|
3 months ended September 30, 2025 |
|
|
|
|
|
|
|
|
Web source of revenue (loss) |
$ 1,466 |
|
$ 43,487 |
|
$ (18,882) |
|
$ 26,071 |
|
Passion expense (source of revenue) |
9,111 |
|
1,678 |
|
(311) |
|
10,478 |
|
Tax provision |
— |
|
— |
|
(228) |
|
(228) |
|
Depreciation and amortization |
19,941 |
|
12,096 |
|
610 |
|
32,647 |
|
EBITDA |
30,518 |
|
57,261 |
|
(18,811) |
|
68,968 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
Asset impairment |
10,346 |
|
3,352 |
|
— |
|
13,698 |
|
Transaction matching repayment |
1,712 |
|
— |
|
— |
|
1,712 |
|
Acquire on gross sales of belongings and companies, internet |
(1,567) |
|
— |
|
— |
|
(1,567) |
|
Pension agreement |
— |
|
— |
|
1,448 |
|
1,448 |
|
Insured stock and trait healings, internet |
(11,887) |
|
— |
|
— |
|
(11,887) |
|
Acquisition prices |
— |
|
5,927 |
|
— |
|
5,927 |
|
Overall adjusting pieces |
(1,396) |
|
9,279 |
|
1,448 |
|
9,331 |
|
Adjusted EBITDA |
$ 29,122 |
|
$ 66,540 |
|
$ (17,363) |
|
$ 78,299 |
| |
|
|
|
|
|
|
|
|
3 months ended September 30, 2024 |
|
|
|
|
|
|
|
|
Web source of revenue (loss) |
$ 22,766 |
|
$ 49,951 |
|
$ (21,256) |
|
$ 51,461 |
|
Passion expense (source of revenue) |
8,251 |
|
705 |
|
(595) |
|
8,361 |
|
Tax provision |
— |
|
— |
|
10,731 |
|
10,731 |
|
Depreciation and amortization |
17,522 |
|
11,942 |
|
944 |
|
30,408 |
|
EBITDA |
48,539 |
|
62,598 |
|
(10,176) |
|
100,961 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
Transaction matching repayment |
1,668 |
|
— |
|
— |
|
1,668 |
|
Insured stock and trait healings, internet |
(5,204) |
|
— |
|
— |
|
(5,204) |
|
Overall adjusting pieces |
(3,536) |
|
— |
|
— |
|
(3,536) |
|
Adjusted EBITDA |
$ 45,003 |
|
$ 62,598 |
|
$ (10,176) |
|
$ 97,425 |
| |
|
Adjusted EBITDA is outlined as profits ahead of passion, taxes and depreciation and amortization, adjusted for specified pieces. The corporate calculates adjusted EBITDA via eliminating the have an effect on of specified pieces and including again the quantities of passion expense, tax expense and depreciation and amortization to internet source of revenue (loss). Control believes that adjusted EBITDA is an invaluable measure of the corporate’s efficiency because it supplies traders backup details about the corporate’s operations permitting higher analysis of underlying trade efficiency and stepped forward comparison to prior classes. Adjusted EBITDA is a non-GAAP monetary measure and isn’t meant to exchange or be an backup to internet source of revenue (loss), essentially the most without delay similar GAAP monetary measure. |
|
The Andersons, Inc. |
|||||||
|
(in 1000’s) |
Agribusiness |
|
Renewables |
|
Alternative |
|
Overall |
|
9 months ended September 30, 2025 |
|
|
|
|
|
|
|
|
Web source of revenue (loss) |
$ 10,689 |
|
$ 85,792 |
|
$ (48,272) |
|
$ 48,209 |
|
Passion expense (source of revenue) |
33,268 |
|
3,101 |
|
(1,300) |
|
35,069 |
|
Tax provision |
— |
|
— |
|
5,682 |
|
5,682 |
|
Depreciation and amortization |
62,025 |
|
36,005 |
|
2,028 |
|
100,058 |
|
EBITDA |
105,982 |
|
124,898 |
|
(41,862) |
|
189,018 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
Asset impairment |
10,346 |
|
3,352 |
|
— |
|
13,698 |
|
Loss on investments |
7,178 |
|
— |
|
— |
|
7,178 |
|
Transaction matching repayment |
5,583 |
|
— |
|
— |
|
5,583 |
|
Severance expense |
1,197 |
|
— |
|
— |
|
1,197 |
|
Acquire on gross sales of belongings and companies, internet |
(4,757) |
|
— |
|
— |
|
(4,757) |
|
Insured stock and trait healings, internet |
(18,548) |
|
— |
|
— |
|
(18,548) |
|
Acquisition prices |
— |
|
5,927 |
|
— |
|
5,927 |
|
Pension agreement |
— |
|
— |
|
1,448 |
|
1,448 |
|
Overall adjusting pieces |
999 |
|
9,279 |
|
1,448 |
|
11,726 |
|
Adjusted EBITDA |
$ 106,981 |
|
$ 134,177 |
|
$ (40,414) |
|
$ 200,744 |
| |
|
|
|
|
|
|
|
|
9 months ended September 30, 2024 |
|
|
|
|
|
|
|
|
Web source of revenue (loss) |
$ 53,886 |
|
$ 113,740 |
|
$ (51,030) |
|
$ 116,596 |
|
Passion expense (source of revenue) |
20,980 |
|
2,158 |
|
(1,644) |
|
21,494 |
|
Tax provision |
— |
|
— |
|
16,911 |
|
16,911 |
|
Depreciation and amortization |
51,849 |
|
35,626 |
|
4,151 |
|
91,626 |
|
EBITDA |
126,715 |
|
151,524 |
|
(31,612) |
|
246,627 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
Transaction matching repayment |
8,568 |
|
— |
|
— |
|
8,568 |
|
Insured stock and trait healings, internet |
(5,204) |
|
— |
|
— |
|
(5,204) |
|
Acquire on deconsolidation of three way partnership |
— |
|
(3,117) |
|
— |
|
(3,117) |
|
Overall adjusting pieces |
3,364 |
|
(3,117) |
|
— |
|
247 |
|
Adjusted EBITDA |
$ 130,079 |
|
$ 148,407 |
|
$ (31,612) |
|
$ 246,874 |
|
The Andersons, Inc. |
|||||||||
| |
3 Months Ended, |
|
Three hundred and sixty five days |
||||||
|
(in 1000’s) |
December |
|
March 31, |
|
June 30, |
|
September |
|
|
|
Web source of revenue |
$ 54,104 |
|
$ 5,331 |
|
$ 16,807 |
|
$ 26,071 |
|
$ 102,313 |
|
Passion expense |
10,266 |
|
13,096 |
|
11,495 |
|
10,478 |
|
45,335 |
|
Tax (receive advantages) provision |
13,146 |
|
(2,118) |
|
8,028 |
|
(228) |
|
18,828 |
|
Depreciation and amortization |
36,178 |
|
34,340 |
|
33,071 |
|
32,647 |
|
136,236 |
|
EBITDA |
113,694 |
|
50,649 |
|
69,401 |
|
68,968 |
|
302,712 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
|
|
Transaction matching repayment |
2,536 |
|
2,103 |
|
1,768 |
|
1,712 |
|
8,119 |
|
Insured stock and trait injury |
(4,446) |
|
4,502 |
|
(11,162) |
|
(11,887) |
|
(22,993) |
|
Loss on investments |
1,535 |
|
— |
|
7,178 |
|
— |
|
8,713 |
|
Severance expense |
— |
|
— |
|
1,197 |
|
— |
|
1,197 |
|
Acquire on sale of companies, internet |
— |
|
— |
|
(3,190) |
|
(1,567) |
|
(4,757) |
|
Acquisition prices |
3,193 |
|
— |
|
— |
|
5,927 |
|
9,120 |
|
Asset impairment |
— |
|
— |
|
— |
|
13,698 |
|
13,698 |
|
Pension agreement |
— |
|
— |
|
— |
|
1,448 |
|
1,448 |
|
Overall adjusting pieces |
2,818 |
|
6,605 |
|
(4,209) |
|
9,331 |
|
14,545 |
|
Adjusted EBITDA |
$ 116,512 |
|
$ 57,254 |
|
$ 65,192 |
|
$ 78,299 |
|
$ 317,257 |
| |
|
|
|
|
|
|
|
|
|
| |
3 Months Ended, |
|
Three hundred and sixty five days |
||||||
| |
December |
|
March 31, |
|
June 30, |
|
September |
|
|
|
Web source of revenue |
$ 78,437 |
|
$ 12,665 |
|
$ 52,470 |
|
$ 51,461 |
|
$ 195,033 |
|
Passion expense |
8,101 |
|
6,522 |
|
6,611 |
|
8,361 |
|
29,595 |
|
Tax provision |
13,324 |
|
1,303 |
|
4,876 |
|
10,731 |
|
30,234 |
|
Depreciation and amortization |
31,306 |
|
30,949 |
|
30,269 |
|
30,408 |
|
122,932 |
|
EBITDA |
131,168 |
|
51,439 |
|
94,226 |
|
100,961 |
|
377,794 |
|
Adjusting pieces impacting EBITDA: |
|
|
|
|
|
|
|
|
|
|
Transaction matching repayment |
3,212 |
|
2,852 |
|
4,049 |
|
1,668 |
|
11,781 |
|
Acquire on deconsolidation of three way partnership |
— |
|
(3,117) |
|
— |
|
— |
|
(3,117) |
|
Approval impairment |
686 |
|
— |
|
— |
|
— |
|
686 |
|
Insured stock and trait healings, |
— |
|
— |
|
— |
|
(5,204) |
|
(5,204) |
|
Overall adjusting pieces |
3,898 |
|
(265) |
|
4,049 |
|
(3,536) |
|
4,146 |
|
Adjusted EBITDA |
$ 135,066 |
|
$ 51,174 |
|
$ 98,275 |
|
$ 97,425 |
|
$ 381,940 |
|
The Andersons, Inc. |
|||||||
| |
3 months ended |
|
9 months ended |
||||
|
(in 1000’s) |
2025 |
|
2024 |
|
2025 |
|
2024 |
|
Money supplied via (impaired in) working actions |
$ 233,882 |
|
$ (2,112) |
|
$ 183,183 |
|
$ 62,695 |
|
Adjustments in working belongings and liabilities |
|
|
|
|
|
|
|
|
Accounts receivable |
66,246 |
|
(11,786) |
|
42,850 |
|
3,498 |
|
Inventories |
(129,572) |
|
(198,776) |
|
391,784 |
|
278,947 |
|
Commodity derivatives |
(17,316) |
|
13,317 |
|
2,541 |
|
49,327 |
|
Alternative new and non-current belongings |
14,816 |
|
(8,789) |
|
(16,914) |
|
(59,376) |
|
Payables and alternative new and non-current liabilities |
231,247 |
|
117,728 |
|
(405,399) |
|
(433,069) |
|
Overall adjustments in working belongings and liabilities |
165,421 |
|
(88,306) |
|
14,862 |
|
(160,673) |
|
Money from operations ahead of running capital adjustments |
$ 68,461 |
|
$ 86,194 |
|
$ 168,321 |
|
$ 223,368 |
| |
|
Money from operations ahead of running capital adjustments is outlined as money supplied via (impaired in) working actions ahead of the have an effect on of adjustments in running capital throughout the commentary of money flows. The Corporate calculates money from operations via getting rid of the impact of adjustments in accounts receivable, inventories, commodity derivatives, alternative belongings, and payables and accumulated bills from the money supplied via (impaired in) working actions. Control believes that money from operations ahead of running capital adjustments is an invaluable measure of the corporate’s efficiency because it supplies traders backup details about the corporate’s operations permitting higher analysis of underlying trade efficiency and stepped forward comparison to prior classes. Money from operations ahead of running capital adjustments is a non-GAAP monetary measure and isn’t meant to exchange or be an backup to money supplied via (impaired in) working actions, essentially the most without delay similar GAAP monetary measure. |
| |
SOURCE The Andersons, Inc.
