MAUMEE, Ohio, June 26 /PRNewswire-FirstCall/ -- The Andersons, Inc. 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/
