MAUMEE, Ohio, Oct. 17 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) announced today it has raised its guidance range to between
$3.15 and $3.35 from the previous guidance of $2.90 to $3.15.
The increase is largely attributed to positive market factors in the
agriculture industry, mainly better performance in the Plant Nutrient Group
and the large grain harvest projected this fall, which will have a positive
impact in the Grain & Ethanol Group.
More details on these factors, and the company's overall third quarter
performance, will be included in the company's third quarter financial
release currently scheduled for Wednesday, October 31 and during the
conference call at 11 a.m. EST on Thursday, November 1. This call is being
webcast by Thomson/CCBN and can be accessed at The Andersons, Inc. at
http://www.andersonsinc.com.
The webcast is also being distributed through the Thomson StreetEvents
Network. Individual investors can listen to the call at
http://www.earnings.com, Thomson's individual investor portal, powered by
StreetEvents. Institutional investors can access the call via Thomson
StreetEvents (http://www.streetevents.com), a password-protected event
management site.
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 seven U.S. states plus rail 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 of The
Andersons, Inc., +1-419-891-6417, gary_smith@andersonsinc.com
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