The Andersons, Inc. (NASDAQ:ANDE) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET

Company Participants

Mike Hoelter - VP, Corporate Controller & IR

Pat Bowe - President & CEO

Brian Valentine - EVP & CFO

Conference Call Participants

Ben Bienvenu - Stephens Inc.

Ben Klieve - Lake Street Capital Markets

Ken Zaslow - BMO

Eric Larson - Seaport Research Partners

Operator

Good morning, ladies and gentlemen. And welcome to the Andersons 2022 Third Quarter Earnings Conference Call. My name is Joe, and I will be your coordinator for today. At this time, all participants will be in a listen-only mode. Later we will facilitate a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

I will now hand the presentation to your host for today, Mr. Mike Hoelter, Vice President, Corporate Controller and Investor Relations. Please proceed.

Mike Hoelter

Thanks, Joe. Good morning, everyone, and thank you for joining us for The Andersons third quarter earnings call. We have provided a slide presentation that will enhance today's discussion. If you are viewing this presentation on our webcast, the slides and commentary will be in sync. This webcast is being recorded, and the recording and the supporting slides will be made available on the Investors page of our website at andersonsinc.com shortly.

Please direct your attention to the disclosure statement on Slide 2 as well as the disclaimers in the press release related to forward-looking statements. Certain information discussed today constitutes forward-looking statements that reflect the company's current views with respect to future events, financial performance and industry conditions. These forward-looking statements are subject to various risks and uncertainties.

Actual results could differ materially as a result of many factors, which are described in the company's reports on file with the SEC. We encourage you to review these factors. This presentation and today's prepared remarks contain non-GAAP financial measures. Reconciliations of non-GAAP measures to the most directly comparable GAAP financial measure are included within the appendix of this presentation.

On the call with me today are Pat Bowe, President and Chief Executive Officer; and Brian Valentine, Executive Vice President and Chief Financial Officer. After our prepared remarks, we will be happy to take your questions.

I will now turn the call over to Pat.

Pat Bowe

Thank you, Mike and good morning everyone. Thank you for joining our call today to review our third quarter results. We're excited to discuss our third quarter, which was our best ever adjusted third quarter from continuing operations. Both trade and renewables posted very solid improvements over last year, while plant nutrient results declined in their seasonally low quarter, our overall company performance was strong with trailing 12 months adjusted EBITDA from continuing operations totaling nearly $440 million.