The Andersons, Inc. (NASDAQ:ANDE) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET

Company Participants

Mike Hoelter - VP, Corporate Controller & IR

Pat Bowe - President & CEO

Brian Valentine - EVP & CFO

Conference Call Participants

Ken Zaslow - BMO

Ben Klieve - Lake Street Capital Markets

Eric Larson - Seaport Research Partners

Operator

Good morning, and welcome to The Andersons 2022 Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded today.

I would now like to turn the conference over to Mike Hoelter. Please go ahead.

Mike Hoelter

Thanks, Joe. Good morning, everyone, and thank you for joining us for The Andersons second quarter earnings call. We have provided a slide presentation that will enhance today's discussion. If you are viewing this presentation via 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 this morning to review our second quarter results. We're thrilled to report this outstanding all-time record quarter, with all three of our segments providing significant double-digit improvement over the second quarter of 2021, we surpassed our prior quarterly record. Renewables and plant nutrient also had year-over-year increases last quarter.