Maumee, Ohio-The Andersons Inc. said Nov. 29 that it expects its full-year earnings per share to exceed previous projections. The current guidance range is between $3.40-$3.60 per diluted share, up from the previous guidance of $3.15-$3.35 per diluted share estimated in October. Further income improvements in the Plant Nutrient Group, continued increases in the grain business, and income from the investment in Lansing Trade Group have led to this unprecedented performance. The company’s earnings per diluted share for 2006 were $2.19. “We are very excited about the way this year is shaping up for us, it is a tremendous performance by our team,” says CEO Mike Anderson. “There are many factors contributing to this outstanding year, which we detailed in our recent conference call. Also, as noted in the call, some of these items are unlikely to be repeated, which may limit our ability to perform at this record level next year.”
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