Andersons reaffirms FY23 adjusted EBITDA view $350M-$375M

President and CEO Pat Bowe said, “We remain confident about the balance of the year and expect to achieve our previously communicated full year adjusted EBITDA outlook of $350M-$375M. We continue to make good progress against our growth strategy. Our Q3 acquisition of ACJ International, a pet food ingredient supplier, contributed positively to these results. We are pleased with this complementary addition to our core grain and fertilizer verticals. We are actively pursuing opportunities for growth in our Renewables business. These opportunities include expansion of our renewable diesel feedstock merchandising business and investments to lower the carbon intensity of our ethanol plants. With our well-positioned balance sheet, we have good capacity for growth.”