Andersons, Inc.

The Andersons, Inc. announced the appointment of David R. Heppner to its Board of Directors, effective June 18, 2026. Mr. Heppner currently serves as Chief Strategy Officer and Senior Vice President, Business Development at Marathon Petroleum Corporation, bringing nearly four decades of experience in engineering, operations, and commercial leadership. He will receive compensation in line with other non-employee directors and will be covered by a standard indemnification agreement.

Andersons, Inc. reported a substantial increase in profitability for the first quarter of 2026, with net income attributable to the company soaring to $33.2 million, or $0.97 per diluted share, compared to $0.3 million, or $0.01 per diluted share, in the same period last year. This significant improvement was largely driven by strong performance in the Renewables segment, which benefited from $26.2 million in clean fuel production credits, and an improved Agribusiness segment. Despite a slight 1.2% decrease in overall sales and merchandising revenues to $2.63 billion, the company's gross profit increased.

The Andersons, Inc. reported record first quarter 2026 financial results, with net income attributable to the company reaching $33 million, or $0.97 per diluted share, significantly up from $0.3 million and $0.01 per diluted share in Q1 2025. Adjusted EBITDA increased to $91 million from $57.3 million year-over-year. The Renewables segment posted strong results with $40 million in pretax income, driven by record production and biofuels policy benefits, while Agribusiness improved to $7 million in pretax income. The company is on track with capital investments and remains focused on its $7.00 run-rate EPS target by 2028.