The Andersons, Inc.

Good morning, ladies and gentlemen, and welcome to the Anderson's 2026 Third Quarter Earnings Conference Call. My name is Joe, and I will be your coordinator for today. At this time, all participants are in a listen-only mode. Later, we will facilitate a question and answer session. To ask a question at that time, you may press star, then 1 on your telephone keypad to join the queue. And to withdraw yourself from the queue, please press star, then 2. As a reminder, this conference is being recorded for replay purposes. I will now hand the presentation to your host for today, Mr. Mike Hoelter, Vice President, Corporate Controller and Investor Relations. Please proceed.

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 via the 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 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 Bill Krueger, President and Chief Executive Officer, Brian Valentine, Executive Vice President and Chief Financial Officer, and Mark Simmons, Executive Vice President, Renewables. After our prepared remarks, we will be happy to take your questions. I will now turn the call over to Bill.

Thanks, Mike. Good morning, everyone. and thanks for joining the call to discuss our third quarter results and outlook. I'd like to start by thanking all our team members as they work safely through the busy harvest season across our plants and elevators. We're making considerable progress in accomplishing our one Andy mindset and culture. Our third quarter results are just one example as we delivered record third quarter EPS for our shareholders. Our year over year trailing 12 month adjusted EPS has grown from $2.56 in the third quarter of 2025 to $6.67 today. putting us well on our way to achieve our stated target of $7 EPS exiting 2028. Starting with renewables, while successfully performing all shutdowns We're able to generate year-over-year improvements on our base ethanol production due to improved coproduct values, lower corn basis, and focused plant operations. These results are even more impressive when you consider that board crush was down 10 cents per gallon year-over-year. With volatility back in the grain markets, our agribusiness segment delivered improved results in our merchandising businesses. Our grain assets were impacted by less space income on wheat and reduced grain volume due to lower yields and weak demand in the western Corn Belt. The Port of Houston project is now complete. We've initiated both our originations and marketing programs, kicking off our combined domestic and export soybean meal strategy. We've made substantial progress on our Climbers Indiana de-bottlenecking project, with a targeted run rate increase in production of 30 million gallons by Q3 2027. We announced this morning the signing of a material acquisition, which we will speak to at the end of our prepared remarks. With that overview, I'll turn the call over to Brian to discuss our financial results. I'll be back after his update to discuss the outlook for the fourth quarter and early 2027.