The Andersons, Inc. Expects EPS to Exceed Previous Guidance
MAUMEE, Ohio, NOV. 29 /PRNewswire-FirstCall/ -- The Andersons, Inc. (Nasdaq: ANDE) announced today it expects its full-year earnings per share to exceed previous projections.
The current guidance range is between $3.40 and $3.60 per diluted share, up from the previous guidance of $3.15 to $3.35 per diluted share estimated in October. Further income improvements in the Plant Nutrient Group and continued increases in our grain business and income from our investment in Lansing Trade Group have led to this unprecedented performance. The company's earnings per diluted share for 2006 was $2.19.
"We are very excited about the way this year is shaping up for us, it is a tremendous performance by our team," says CEO Mike Anderson. "There are many factors contributing to this outstanding year, which we detailed in our recent conference call. Also, as noted in the call, some of these items are unlikely to be repeated which may limit our ability to perform at this record level next year."
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 www.andersonsinc.com.
SOURCE The Andersons, Inc.
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