The Andersons, Inc.

And welcome to the Andersons 2023 Third Quarter Earnings Conference Call. My name is Joe and I will be your coordinator for today. At this time, all participants are in listen-only mode. And should you need any assistance during the call, please signal a conference specialist by pressing the star key followed by zero. Later, we will facilitate a question and answer session. To ask a question, you may press star, then one on your touchtone phone. And to withdraw your question, please press star, then two. As a reminder, this conference is being recorded for replay purposes. I will now hand the presentation to your host for today, Mr. Mike Holter, Vice President, Corporate Controller, and Investor Relations. Please proceed.

Thanks, Joe. Good morning, everyone, and thank you for joining us for the Anderson's Third Quarter Earnings Call. We have provided a slide presentation that will enhance today's discussion. If you are viewing this presentation from 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 two, 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 the GAAP to non-GAAP measures 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.

Thank you, Mike, and good morning, everyone. Thank you for joining our call this morning. Third quarter results were solid for the company compared against last year's best ever third quarter. Our renewables segment had a record third quarter and was significantly ahead of last year. Trade results were down against last year's best ever trade Q3 and included some atypical charges. Nutrient and industrial results in this seasonally quiet quarter were improved from 2022. Trade results for the quarter include improved results in our North American assets and in the recent investments and acquisitions in premium food and pet food ingredients. Our merchandising results were solid in the quarter, but were negatively impacted by a currency-related loss in Egypt. With regard to this loss, our international business strategy includes the supply of grain to dense population growth regions in Africa and the Middle East. We enable this through repeatable trade flows with long-term customers. Within our merchandising portfolio, results in our Middle East North African business this quarter were impacted by limited U.S. dollar currency liquidity in Egypt. As a practice, we sell in U.S. dollars. This loss resulted from an unfortunate and unique situation where we accepted a lower exchange rate from key customers for product already delivered. Given our customers' limited ability to access U.S. dollars, this was an issue isolated to Egypt and our other Swiss merchandising business showed an improvement for the quarter. Operating results from the renewables business were outstanding, with a combination of strong crush margins and efficient operations. Our ethanol production facilities continue to run well, with improved ethanol yields and lower plant operating costs. We continue to benefit from good merchandising, particularly renewable diesel feedstocks where we increased sales volume and further diversified our product portfolio. Our nutrient and industrial results in this seasonally low quarter reflect improved margins in our ag supply chain and manufactured products. Brian will now cover some key financial data, and after that, I'll be back to discuss our outlook for the remainder of 2023. Brian?