Andersons, Inc. reported first quarter ended March 31, 2026 results: net income $33 million, EPS $0.97 per diluted share.
“ANDE) announces financial results for the first quarter ended March 31, 2026. Financial Highlights: • Reported record first quarter net income attributable to The Andersons of $33 million or $0.97 per diluted share and adjusted net income attributable of $38 million, or $1.12 per diluted share • Adjusted EBITDA of $91 million • Renewables first quarter pretax”
Material Agreements
Andersons, Inc. amended Credit Agreement with U.S. Bank National Association, as Administrative Agent, and Farm Credit Mid-America, as Administrative Agent valued at reduces the capacity of the revolving credit facility from $1.55 billion to $1.30 billion (effective 2026-03-20).
“On March 20, 2026, The Andersons, Inc. (the "Company") completed an amendment (the "Amendment") to its Credit Agreement dated January 11, 2019, with U.S. Bank National Association, as Administrative Agent.”
Debt Financings
Andersons, Inc. amended credit facility of reduces the capacity of the revolving credit facility from $1.55 billion to $1.30 billion with U.S. Bank National Association maturing March 20, 2031.
“The Amendment reduces the capacity of the revolving credit facility from $1.55 billion to $1.30 billion and extends the revolving facility's maturity date to March 20, 2031.”
M&A Transactions
Andersons, Inc. completed an acquisition involving MPC Investment LLC ("Marathon") for $425.0 million, inclusive of $40.0 million of working capital (closed 2025-07-31).
“On July 31, 2025, The Andersons, Inc. (the "Company") entered into a unit purchase agreement (the "Purchase Agreement") with MPC Investment LLC ("Marathon") to acquire the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC ("TAMH") for $425.0 million, inclusive of $40.0 million of working capital. The transaction closed on July 31, 2025, funded with cash on hand and debt from existing credit facilities.”
Christine M. Castellano departed as Executive Vice President, General Counsel and Corporate Secretary at Andersons, Inc..
“On March 24, 2025, Christine M. Castellano, Executive Vice President, General Counsel and Corporate Secretary, informed the Andersons, Inc. (the "Company") of her decision to retire effective April 18, 2025.”
Patrick E. Bowe changed role as Executive Chair of the Board at Andersons, Inc..
“Mr. Bowe will continue to serve as Executive Chair of the Board from the Transition Date until September 30, 2025, subject to his election at the Company's 2025 annual meeting of shareholders, and thereafter may continue to serve as the non-executive Chair of the Board.”
William E. Krueger was appointed as Director at Andersons, Inc..
“In addition, Mr. Krueger was appointed to the Board, effective as of the Transition Date.”
William E. Krueger was appointed as President and Chief Executive Officer at Andersons, Inc..
“On August 15, 2024, the Board of Directors (the "Board") of The Andersons, Inc. (the “Company”) unanimously approved the appointment of William E. Krueger, the Company's Chief Operating Officer, as President and Chief Executive Officer effective October 1, 2024 (the "Transition Date").”
Shareholder Votes
Andersons, Inc. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-05-09 meeting.
“Proposal 3 - A management proposal to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024 was approved. For Against Abstained 31,849,002 266,482 20,023”
Shareholder Votes
Andersons, Inc. shareholders approved Advisory resolution to approve executive compensation at the 2024-05-09 meeting.
“Proposal 2 - An advisory resolution to approve executive compensation was approved. For Against Abstained Broker Non-Vote 28,253,215 522,508 186,093 3,173,691”
Shareholder Votes
Andersons, Inc. shareholders approved Election of directors at the 2024-05-09 meeting.
“Proposal 1 - The individuals listed below were elected at the Annual Meeting to serve as directors of the Company until the next Annual Meeting and until their successors are duly elected and qualified: For Withheld Broker Non-Vote Patrick E. Bowe 28,512,294 449,522 3,173,691 Gerard M. Anderson 27,085,583 1,876,233 3,173,691 Steven K. Campbell 28,705,421 256,395 3,173,691 Gary A. Douglas 28,718,935 242,881 3,173,691 Pamela S. Hershberger 27,810,043 1,151,773 3,173,691 Catherine M. Kilbane 25,195,777 3,766,039 3,173,691 Robert J. King, Jr. 28,430,779 531,037 3,173,691 Ross W. Manire 28,298,939 662,877 3,173,691 John T. Stout, Jr. 28,436,117 525,699 3,173,691”
Joseph E. McNeely retired as Group President of Nutrient and Industrial at Andersons, Inc..
“On May 9, 2024, Joseph E. McNeely, Group President of Nutrient and Industrial, informed The Andersons, Inc. Board of Directors of his intention to retire on December 31, 2024.”
Earnings Releases
Andersons, Inc. reported the first quarter ended March 31, 2024 results: net income net income attributable to The Andersons of $6 million, EPS $0.16 per diluted share.
“The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2024. First Quarter Highlights: • Company reported net income attributable to The Andersons of $6 million, or $0.16 per diluted share;”
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