Strong results in Renewables and improvements in the Agribusiness segment contributed to record first-quarter earnings for The Andersons.
The company reported net sales of US$2.74 billion, marking a 4% decline from the prior year on a reported basis.
Net sales declined about 1% year over year, while reported and adjusted operating income decreased 26% and 22%, respectively, versus Q1 2025.
The new system focuses on hygiene, digital monitoring, lower waste levels, and easier operation for food and feed producers.
The new Morristown site adds jobs and expands soy processing capacity as Bunge reports stronger soybean business results in early 2026.