- Defines growth initiatives following completion of strategic
review
- Introduces near- and long-term goals
MAUMEE, Ohio, Dec. 7, 2017 /CNW/ -- The Andersons, Inc.
(NASDAQ: ANDE) will hold its 2017 Investor Day in New York City today with presentations by
President and CEO Pat Bowe, Chief
Financial Officer John Granato and
other members of executive management. The Andersons will present
its profitable growth strategy, capital allocation and mergers and
acquisitions (M&A) frameworks, as well as provide an in-depth
review of its business segments: grain, ethanol, plant nutrient and
rail.
"We are excited to host The Andersons' investor day to provide
the investment community with a deeper understanding of our Company
and the strategic initiatives we have put in place to drive
profitable growth," said President and CEO Pat Bowe.
Strategic Growth Initiatives
- Invest to grow our core businesses and product lines
- Ensure proper talent management to support a high performance
culture
- Emphasize greater salesforce effectiveness to deepen
relationships
- Focus on accountability to deliver results
"As we move forward, we are leveraging our core capabilities and
expanding into value-added, higher margin products and services,"
added Bowe. "We remain focused on driving shareholder value through
disciplined, strategic growth. Accordingly, as part of our
continuing efforts to increase financial transparency and investor
engagement, we are introducing our near- and long-term goals with
the investment community."
Near- and Long-term Goals
Near-term | One to
Two Years
|
Long-term | Three
to Five Years
|
- Continue to focus
on enhancing portfolio performance, managing costs and improving
margins
|
- Transformation strategy completed
|
- Grow market share
in both grain origination and fertilizer distribution and
manufacturing
|
- Integrate technology platforms across
Company
|
- Complete goal to achieve $20 million in cost
savings by year-end 2018
|
- Disciplined, strategic M&A
|
|
|
|
- Exceed $300 million in EBITDA by 2020
|
Event Webcast Details
The presentation, which includes question and answer sessions,
will begin promptly at 8:30 a.m.
(EST) and is expected to conclude at approximately
12 p.m. The public may access the
event through a live webcast available on the Investors section of
The Andersons' website at www.andersonsinc.com. Presentation
materials will be posted to the Investors section of the Company's
website today at approximately 8 a.m.
(EST). A replay of the webcast will be available following
the presentation at the same link listed above until December 7, 2018.
About The Andersons, Inc.
Founded in Maumee, Ohio, in
1947, The Andersons is a diversified company rooted in agriculture
conducting business across North
America in the grain, ethanol, plant nutrient and rail
sectors. For more information, visit The Andersons online at
www.andersonsinc.com.
Forward-Looking Statements
This release contains forward-looking statements. These
statements involve risks and uncertainties that could cause actual
results to differ materially. Without limitation, these risks
include economic, weather and regulatory conditions, competition
and the risk factors set forth from time to time in the Company's
filings with the Securities and Exchange Commission. Although the
Company believes that the assumptions upon which the financial
information and its forward-looking statements are based are
reasonable, it can give no assurance that these assumptions will
prove to be correct.
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SOURCE The Andersons, Inc.