MAUMEE, Ohio, July 30 /PRNewswire-FirstCall/ -- The Andersons, Inc. announced today it expects its full-year earnings per share to exceed previous guidance.
The full-year 2008 guidance is expected to be within the range of $5.00 and $5.40 per diluted share, up from the previous estimate of $4.40 to $4.80 per diluted share announced in June. The company's earnings per diluted share for 2007 were $3.75, which set a company record.
The increase is primarily attributed to the Plant Nutrient Group's continuing performance trend this year which will be discussed, as well as the second quarter results, during the company's quarterly conference call on Thursday, August 7, 2008, at 11:00 a.m. Eastern Time.
The company will issue a news release detailing the financial results in advance of the conference call which is being webcast by Thomson Reuters and can be accessed by clicking investors on The Andersons, Inc. website, http://www.andersonsinc.com/.
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/ .
