The Andersons Back in Black

The Andersons Inc., Maumee, Ohio, reported second-quarter net income of $21.5 million ($0.76 per diluted share), up from the year-ago net loss of $26.7 million ($0.94 per share). The company reported significantly better results in the Grain and Ethanol units, however, Plant Nutrient and Rail results were lower than year-ago levels. Sales volumes of primary and specialty nutrients were reported to be strong, but margins were pressured. Lawn and contract manufacturing, however, were bright spots for the segment.