May 5 (Reuters) - Andersons Inc ANDE.O :
* THE ANDERSONS, INC. REPORTS FIRST QUARTER RESULTS
* Q1 ADJUSTED LOSS PER SHARE $1.32
* Q1 LOSS PER SHARE $1.15
* HAVE AMPLE LIQUIDITY TO WITHSTAND A PROTRACTED DOWNTURN IN OUR BUSINESSES
* CURRENTLY HAVE APPROXIMATELY $850 MILLION OF UNDRAWN CAPACITY FROM OUR PRIMARY REVOLVING CREDIT AGREEMENT
* STRESS TESTING INDICATES WE WILL CONTINUE TO BE IN COMPLIANCE WITH OUR COVENANTS FOR FORESEEABLE FUTURE
* TARGETING AT LEAST $20 MILLION IN ADDITIONAL EXPENSE REDUCTIONS IN 2020
* EXPECTS TO SPEND APPROXIMATELY $100 MILLION ON CAPITAL PROJECTS IN 2020
* ETHANOL GROUP LOSS DRIVEN BY COVID-19 IN MARCH