|Over a month ago|
Andersons expects continued pressure on the profitability of its Eastern assets » 16:2505/0505/05/20
The group expects…
The group expects continued pressure on the profitability of its Eastern assets until the 2020 corn crop is harvested. However, the group believes an expected large corn crop in 2020 should help create increased space income beginning later this year and into 2021.
Andersons reports Q1 adjusted EPS ($1.32), consensus (26c) » 16:2305/0505/05/20
Reports Q1 revenue…
Reports Q1 revenue $1.85B, consensus $2.04B. "Most parts of our business were off to a decent start to the quarter, but the COVID-19 pandemic had a profound negative impact on our operating results. Stay-at-home orders reduced vehicle miles traveled, which in turn dramatically reduced demand for gasoline, ethanol and corn, significantly hurting the performance of both the Ethanol Group and Trade Group," said the company. "The Plant Nutrient Group demonstrated resiliency during the quarter as results improved year-over-year and benefited from a good start to the planting season."
Andersons to hold Annual Meeting of Shareholders in virtual format » 16:2503/3003/30/20
The Andersons announced…
The Andersons announced it will hold its Annual Meeting of Shareholders on Friday, May 8, at 8 a.m. Eastern Time in a virtual format only, due to the emerging public health impact of the coronavirus pandemic. This change by the company is to support and protect the health and well-being of its shareholders, employees, and their families. The Annual Meeting will be broadcast via live a webcast, which can be accessed at www.virtualshareholdermeeting.com/ANDE2020, by entering the 16-digit control number found on shareholder proxy cards or voting instruction forms that were included with proxy materials
Andersons announces extended maintenance shutdowns of ethanol facilities » 16:1403/2403/24/20
The Andersons (ANDE)…
The Andersons (ANDE) announced that it will idle its ELEMENT ethanol facility in Colwich, Kansas, in the coming days for an extended maintenance and repair period and will take spring maintenance shutdowns at the four facilities owned by The Andersons Marathon Holdings, a joint venture between The Andersons and Marathon Petroleum (MPC). The company expects to produce ethanol and its coproducts at approximately 50% of capacity in April, with a return to more normal production when demand improves. It also anticipates bringing the ELEMENT plant back into production in the latter part of the second quarter. These expectations are subject to the lessening of the economic restrictions caused by the COVID-19 pandemic.
Andersons trading resumes 10:0503/1603/16/20
Andersons trading halted, volatility trading pause 09:5503/1603/16/20
Andersons postpones April Investor Day event » 18:1603/1203/12/20
The Andersons announced…
The Andersons announced that the company has postponed its Investor Day event, previously scheduled for April 1 in New York City, due to general recommendations from public health authorities to restrict travel and large group gatherings as a result of the coronavirus (COVID-19) pandemic. "Our highest priority is the health and safety of our employees, customers, suppliers, shareholders and the public. We believe that delaying this event is the right thing to do now," said Pat Bowe, president and CEO. "We will announce a new date for the event as soon as practicable. We look forward to continuing our dialogue with investors. In the meantime, we are monitoring the situation closely. We are also communicating regularly with employees about staying healthy and modifying work practices to reduce the spread of the COVID-19 virus," added Bowe.
|Over a quarter ago|
Andersons reports Q4 adjusted EPS 55c, consensus 50c » 16:3302/1202/12/20
Reports Q4 revenue…
Reports Q4 revenue $1.89B, consensus $2.45B.
Andersons raises dividend to 17.5c from 17c per share » 14:3712/1312/13/19
The Andersons announces a…
The Andersons announces a first quarter 2020 cash dividend of 17.5c per share payable January 23, 2020, to shareholders of record on January 2, 2020. This amount reflects an increase of half of a cent from the company's fourth quarter 2019 cash dividend.
U.S., China trade talks hit snag over farm purchases, WSJ reports » 14:0311/1311/13/19
SPX, SPY, ADM, AGU, CF, POT, ANDE, SYT, BG, IPI, CMP
Trade talks between the…
Trade talks between the U.S. and China have hit a snag over farm purchases, Wall Street Journal reports, citing according to people familiar with the matter. While President Trump has said China has agreed to buy up to $50B in U.S. soybeans, pork and other agricultural products annually, China is leery of putting a numerical commitment in the text of a potential agreement, sources tell the Journal. China wants to avoid reaching a deal that looks one-sided in Washington's favor, and also wants to have a way out should trade tensions escalate again, the sources added. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), Intrepid Potash (IPI), Potash (POT) and Syngenta (SYT). Reference Link