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The Andersons Inc   (ANDE)
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Price: $53.3800 $0.13 0.244%
Day's High: $53.931 Week Perf: -1.57 %
Day's Low: $ 52.99 30 Day Perf: 1.18 %
Volume (M): 990 52 Wk High: $ 58.84
Volume (M$): $ 52,868 52 Wk Avg: $48.80
Open: $52.99 52 Wk Low: $35.69



 Market Capitalization (Millions $) 1,837
 Shares Outstanding (Millions) 34
 Employees 1
 Revenues (TTM) (Millions $) 14,750
 Net Income (TTM) (Millions $) 133
 Cash Flow (TTM) (Millions $) 529
 Capital Exp. (TTM) (Millions $) 150

The Andersons Inc

Based on proposed business activities, we are a “blank check” company. Many states have enacted statutes, rules and regulations limiting the sale of securities of “blank check” companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded a business combination. We intend to comply with the periodic reporting requirements of the Exchange Act for so long as we are subject to those requirements.
We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

The analysis of new business opportunities has and will be undertaken by or under the supervision of the officers and directors of the Registrant. The Registrant has considered potential acquisition transactions with several companies, but as of this date has not entered into any Letter of Intent or other agreement with any party. The Registrant has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities. In its efforts to analyze potential acquisition targets, the Registrant will consider the following kinds of factors:

4


Potential for growth, indicated by new technology, anticipated market expansion or new products;
Competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;
Strength and diversity of management, either in place or scheduled for recruitment;
Capital requirements and anticipated availability of required funds, to be provided by the Registrant or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;
The cost of participation by the Registrant as compared to the perceived tangible and intangible values and potentials;
The extent to which the business opportunity can be advanced;
The accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items; and
Other relevant factors.

In applying the foregoing criteria, no one of which will be controlling, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Potentially available business opportunities may occur in many different industries, and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Due to the Registrant’s limited capital available for investigation, the Registrant may not discover or adequately evaluate adverse facts about the opportunity to be acquired.

The president of ANDES 7 Inc. is also the president, director and shareholder of Tech Associates Inc. Tech Associates Inc. assists companies in becoming public companies and assists companies with introductions to legal attorneys, accountants, market makers, and registered brokerage firms. Such services may include, when and if appropriate, the use of an existing reporting company such as ANDES 7 Inc.

Tech Associates Inc. will typically enter into an agreement with a private company to assist it in becoming a public reporting company and for its aforementioned introductions. A private company may become a public reporting company by effecting a business combination with an existing public reporting company such as ANDES 7 Inc. by a filing registration pursuant to the Securities Act of 1933 (typically a Form S-1) or the Securities Exchange Act of 1934 (Form 10).

A combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange. In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended and described within the section Form of Acquisition.

Once a change of control of ANDES 7 Inc. has been effected, if at all, new management may issue shares of its stock prior to filing a registration statement for the registration of its shares pursuant to the Securities Act of 1933 and such shares will be governed by the rules and regulations of the Securities and Exchange Commission regarding the sale of unregistered securities.



   Company Address: 1947 Briarfield Boulevard Maumee 43537 OH
   Company Phone Number: 893-5050   Stock Exchange / Ticker: NASDAQ ANDE
    Next quarterly dividend pay out on April 22, 2024.


   

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The Andersons Inc

The Andersons Inc. Faces Tough Challenges and Shows Resilience in Fiscal Year 2023

/>The Andersons Inc., a leading agricultural production company, recently released its financial results for the fiscal year ending December 31, 2023, showcasing both positive and negative trends. Despite facing some challenges, the company continues to demonstrate commitment to its shareholders through the declaration of a cash dividend for the second quarter of 2024. This article aims to interpret and analyze the key financial figures and give an overall perspective on the company's performance.
1. Revenue and Earnings:
In the fiscal year ending December 31, 2023, The Andersons Inc. reported a notable decline in revenue of -31.309%, amounting to $3.21 billion, compared to the previous year. However, the company recorded a bewildering income improvement of 458.33% to $1.45 per share. This substantial increase in earnings per share suggests that the company has implemented effective cost-cutting measures and improved operational efficiency.

Dividend

The Andersons, Inc. Declares Cash Dividend Despite Stock Decline: A Buying Opportunity for Investors

Published Thu, Feb 15 2024 9:05 PM UTC

The Andersons, Inc. Declares Cash Dividend for Second Quarter 2024
The Andersons, Inc. (Nasdaq: ANDE) recently announced a cash dividend of 19 cents per share for the second quarter of 2024. The dividend will be payable on April 22, 2024, to shareholders of record as of April 1, 2024. This marks the 110th consecutive quarterly cash dividend for the company, demonstrating...

Andersons Inc

Andersons Inc. Faces Dire Financial Crisis as Earnings per Share Plummet by 73.58% in Q3 2023

The financial performance of Andersons Inc for the period of July to September 2023 has been disappointing, with a significant decline in key metrics. The earnings per share (EPS) plummeted by a staggering -73.58% to $0.28 per share, compared to $1.06 in the previous year. This represents a worrisome downward trend and showcases a lack of profitability for the company.
Furthermore, the EPS dropped by -82.61% from $1.61 per share compared to the prior reporting period. This indicates a significant deterioration in earnings and raises concerns about the company's ability to generate sustainable profits.

Andersons Inc

Dramatic 30.6% Drop in Earnings Per Share for Andersons Inc. Amidst Revenue Decline in Q2 2023


Introduction
In the financial second quarter of 2023, Andersons Inc, a leading player in the agriculture and trading industry, witnessed a significant drop in net profit per share by -30.6%. This decline was primarily driven by a decrease in revenue of -9.671% compared to the same period in the previous year. While the company's stock has shown strong performance over the past year, reaching its 52-week high, financial results for Q2 2023 highlight the challenges it faced during the period.
Q2 2023 Financial Performance
The financial results for Andersons Inc in Q2 2023 painted a concerning picture. Net profit per share dropped by a significant -30.6% to $1.61 per share. Additionally, total revenue declined by -9.671% to $4.02 billion, compared to the same period in the previous year. These figures are in stark contrast to the previous quarter, where the company achieved revenue of $3.88 billion and a bottom line of $-0.44 per share.

Andersons Inc

Almost uneventful fiscal period at the company over the first quarter of 2023 earnings season

Andersons Inc, a well-known publicly traded agricultural and commodity products company, reported a disappointing first quarter in 2023. The company?s earning per share fell by a significant amount from $0.26 per share in the prior reporting period to a deficit of $-0.44 per share in the first quarter of 2023, showing a drop of $0.60 per share.
In addition, the company?s revenue decreased by -2.431% to $3.88 billion from $3.98 billion in the similar reporting period a year prior, indicating a decline in sales. Further, sequentially revenue fell by -17.023 % from $4.68 billion. The company's net income also slipped into the red, recording a net deficit of $-59.117 million instead of net earnings of $5.950 million, which was booked in the similar reporting period a year before.
Operating earnings also suffered, experiencing a fall of -49.09% to $60.855 million, and squeezed Andersons Inc's operating margin to a mere 1.57%, a decrease from the 3% experienced in the first quarter of 2022.
The results for Anderson Inc?s first quarter in 2023 has raised concerns among investors, stakeholders, and analysts who are wondering why the company is experiencing such a significant drop. The company's management may have to answer questions and provide answers to reassure investors and stakeholders of its plans for the future.
It's noteworthy that various factors could have contributed to the company's first-quarter results. For example, economic challenges such as the global pandemic could have had implications for the company's operations and revenue. Also, the company?s increased supply chain costs could have played a role in the decline in operating earnings. In addition, a slowdown in demand for the company's products could have had an effect on the overall revenue.






 

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