Tranche Update on The Andersons, Inc.'s Equity Buyback Plan announced on August 20, 2021.
November 03, 2022 at 03:49 pm EDT
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From July 1, 2022 to September 30, 2022, the company has repurchased 231,515 shares, representing 0.69% for $7.7 million. With this, the company has completed the repurchase of 231,515 shares, representing 0.69% for $7.7 million under the buyback announced on August 20, 2021.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.