)

The Andersons (ANDE) investor relations material
The Andersons Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed acquisition of the remaining 49.9% of TAMH for $425M, now fully owned and renamed The Andersons Renewables, LLC, expected to be immediately accretive to EPS and net income.
Advanced long-term construction projects, including Port of Houston grain facility improvements and soybean meal export expansion, both expected to contribute financially in 2026.
Organizational realignment in January 2025 combined Trade and Nutrient & Industrial into Agribusiness; Skyland Grain LLC acquisition expanded operations.
Renewables segment delivered strong production with record yields and increased demand, though margins declined due to higher input costs.
Exited several underperforming or non-strategic businesses and minority investments in agribusiness to optimize the portfolio.
Financial highlights
Q2 2025 sales and merchandising revenues were $3.14B, up from $2.80B in Q2 2024; YTD 2025 revenues reached $5.79B.
Q2 2025 net income attributable to shareholders was $7.9M ($0.23 diluted EPS), with adjusted net income at $8.4M ($0.24 per share), down from $36.0M ($1.05 EPS) in Q2 2024.
Adjusted EBITDA for Q2 2025 was $65M, down from $98M in Q2 2024.
Cash and cash equivalents at June 30, 2025, were $351M; cash flow from operations before working capital changes was $43M, down from $89M last year.
Gross profit for Q2 2025 was $158M, down from $175M in Q2 2024.
Outlook and guidance
Positive outlook for the second half of 2025, with expectations of stronger margins in Renewables and improved agribusiness performance due to a large harvest.
Anticipates immediate EPS accretion from TAMH acquisition and full consolidation of ethanol plant earnings.
Capital expenditures for 2025 projected at $175M–$200M, focused on growth projects.
Full-year adjusted effective tax rate expected between 22% and 25%.
Houston port project to be completed by mid-2026, enhancing grain export capacity.
Next The Andersons earnings date

Next The Andersons earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage