The Andersons Inc. reported fourth quarter 2013 net income of $30.7 million on sales of $1.58 billion, up from the year-ago $15 million and $1.68 billion, respectively. The Plant Nutrient Group contributed to the boost with the company reporting a good fall season and a “reset” in nutrient prices. Plant Nutrient operating income was $6.2 million on sales of $170.7 million up from the year-ago $4.7 million and $177.7 million, respectively.
For the year, the company reported a solid year for Plant Nutrients, though operating income was down due to flat-to-declining markets. 2013 operating income was $27.3 million on sales of $708.6 million versus 2012’s $39.2 million and $797 million.
Company-wide, the company reported 2013 net income of $89.9 million on sales of $5.6 billion up from 2012’s $79.5 million and $5.27 billion, respectively.