MAUMEE, Ohio, June 26 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) announced today it expects its full-year earnings per share
to exceed previous guidance.
The full-year 2008 guidance will be within the range of $4.40 and $4.80
per diluted share, up from the previous estimate of $3.65 to $4.00 per
diluted share. The increase is primarily due to improved performance of the
Plant Nutrient Group. The company's earnings per diluted share for 2007
were $3.75, which set a company record.
"Our team has performed tremendously so far this year, providing
excellent service to our customers in a very challenging environment," says
CEO Mike Anderson. "We are off to a great start in the first half of the
year, however we are cognizant that weather and other factors impacting the
commodities markets may affect our second-half results."
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing and repair, turf products production, and general
merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now
has operations in 10 U.S. states and Puerto Rico, plus rail equipment
leasing interests in Canada and Mexico. For more, visit The Andersons
online at http://www.andersonsinc.com
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer,
+1-419-891-6417, gary_smith@andersonsinc.com, of The Andersons,
Inc.
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