Extremely wet weather impacted second-quarter results for The Andersons. Plant Nutrient income dropped 30 percent to $18.9 million on sales of $357.2 million from the year-ago $27 million and $354.8 million, respectively. Company-wide, second-quarter net income was $32.4 million ($1.09 per diluted share) on sales of $1.21 billion down from the year-ago $49.4 million ($1.56 per share) and $1.31 billion, respectively. The Rail segment was the major bright spot for the company during the quarter, with those operating earnings moving up to $21.7 million from the year-ago $6.7 million.
Six-month Plant Nutrient income was $19.3 million on sales of $511.1 million, down from the year-ago $27 million and $506.2 million. Company-wide net income was $36.3 million ($1.23 per share) on sales of $2.16 billion, down from the year-ago $75.4 million ($2.36 per share) and $2.31 billion.