MAUMEE, Ohio, Jan. 25 /PRNewswire-FirstCall/ -- The Andersons, Inc. , today announced that it expects 2005 full-year earnings in the range of $3.30 to $3.37 per diluted share. Earlier this month, the company indicated it anticipated that earnings per diluted share for the period would exceed $3.00. In 2004, the company earned $2.55 per diluted share.
According to President and Chief Executive Officer Mike Anderson, "Two weeks ago, we indicated that our fourth quarter results would be very good due to exceptionally strong operating performances in our grain and rail businesses, sale of some railcar assets and improving results in our plant nutrient and retail businesses. While the final numbers won't be available until early February, it now appears that our net income for the most recent quarter will far surpass not only our previous year's fourth quarter performance, but any quarter in our company's history."
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 marketing, industrial products formulation, 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 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/
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