Cites 4th Qtr. Performances of Grain, Rail, Plant Nutrient & Retail Businesses
MAUMEE, Ohio, Jan. 5 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE), today announced that it expects 2005 full-year earnings should
exceed $3.00 per diluted share. In December, the company indicated it
anticipated that 2005 earnings would surpass the upper end of its previously-
projected range of $2.20 to $2.50 per diluted share. In 2004, the company
earned $2.55 per diluted share.
According to President and Chief Executive Officer Mike Anderson, "Our
fourth quarter earnings are proving to be even stronger than we thought as
recently as a month ago. Exceptionally strong fourth quarter performances in
our grain and rail businesses and better than anticipated results in our plant
nutrient and retail businesses have been the catalysts for the earnings
improvement. The final results will be available in early February."
The Andersons, Inc. is a diversified company with interests in the grain
and plant nutrient sectors of U.S. agriculture, as well as in railcar
marketing, industrial products formulation, turf products production, and
general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company
presently has operations in seven U.S. states plus rail equipment leasing
interests in Canada and Mexico.
This release contains forward-looking statements. These statements involve
risks and uncertainties that could cause actual results to differ materially.
Without limitation, these risks include economic, weather and regulatory
conditions, competition, and the risk factors set forth from time to time in
the Company's filings with the Securities and Exchange Commission. Although
the Company believes that the assumptions upon which its forward-looking
statements are based are reasonable, it can give no assurance that these
assumptions will prove to be correct.
The Andersons, Inc. is located on the Internet at http://www.andersonsinc.com
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary Smith of The Andersons, Inc.,
+1-419-891-6417
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