The Andersons, Inc.: A Glimpse into Executive Compensation and Financial Performance

The Andersons, Inc. (NASDAQ: ANDE), a major player in the wholesale farm product raw materials industry, has recently attracted attention with its executive compensation structures and strong financial performance. While the company's market presence remains robust, a closer examination of their executive compensation packages reveals intriguing insights.


The compensation for Joseph E. McNeely, the President of Nutrient and Industrial, totaled $1,139,213 in 2024. His compensation package consisted of a base salary of $450,000, stock awards valued at $371,245, and other compensation components including option awards and incentive plan compensation.^1 This comprehensive package reflects the company's strategy to align leadership remuneration with performance and shareholder interests, a common practice within high-performing enterprises.

Looking at historical data, Patrick E. Bowe, then President and Chief Executive Officer in 2021, received a total compensation of $5,766,899. Notably, his remuneration included a substantial stock award amounting to $2,849,435, indicative of the importance the company places on stock-based compensation to retain top talent and ensure alignment with long-term growth objectives.^2 Similarly, in 2019, William E. Krueger, President of The Andersons Trade and Processing, had an annual total compensation of $6,362,837, a package underscoring the company's commitment to rewarding its top executives.^3

The financial results for the year ending December 31, 2024, reported by The Andersons, further substantiate its strategic aims. The company's full-year net income attributable to shareholders was $114 million, translating to $3.32 per diluted share.^4 This impressive performance underscores the effectiveness of its strategic decisions and executive team, fostering confidence in sustained growth.

Despite fluctuations, The Andersons' current stock price hovers at $38.35,^5 reflecting a gradual appreciation in investor sentiment. The company's sound financial management is evident in its strong balance sheet and healthy cash flows, with a cash balance of $562 million reported in the fourth quarter of 2024.^6 Amidst a competitive market, The Andersons continues to demonstrate resilience and a commitment to delivering value to its shareholders.

In light of its financial success and the carefully structured compensation packages that reflect its strategic imperatives, The Andersons appears well-positioned to navigate the challenges of the agricultural market and capitalize on emerging opportunities.

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1. The Andersons, Inc., 2024 SEC Filing: https://www.sec.gov/Archives/edgar/data/821026/000082102625000080/0000821026-25-000080-index.htm
2. The Andersons, Inc., 2021 SEC Filing: https://www.sec.gov/Archives/edgar/data/821026/000082102622000090/0000821026-22-000090-index.htm
3. The Andersons, Inc., 2019 SEC Filing: https://www.sec.gov/Archives/edgar/data/821026/000082102621000082/0000821026-21-000082-index.htm
4. The Andersons, Inc. Reports Fourth Quarter and Full Year Results, February 18, 2025, PRNewswire: https://www.prnewswire.com/news-releases/the-andersons-inc-reports-fourth-quarter-and-full-year-results-301467114.html
5. Current Stock Price, June 19, 2025
6. The Andersons, Inc. Reports Fourth Quarter and Full Year Results, February 18, 2025, PRNewswire: https://www.prnewswire.com/news-releases/the-andersons-inc-reports-fourth-quarter-and-full-year-results-301467114.html