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Andersons Reports $6.7 Million Net
MAUMEE - Feb 4/04 - SNS -- The Andersons, Inc. reported fourth quarter net income of $6.7 million or $0.91 per diluted share, up from $2.4 million, or $0.32 per diluted share during the same period the previous year.
Total revenues of $443 million for the period were $88 million, or almost 25%, higher than the fourth quarter of 2002.
Full-year net income amounted to $11.7 million, or $1.59 per diluted share. Net income for the 2002 calendar year was $14.2 million, or $1.92 per diluted share. Total revenues of $1.25 billion in the year just ended were $170 million, or 16%, higher than 2002.
The Agriculture Group's revenues reached $363 million for the period, $84 million more than last year. The group's grain business achieved higher revenue and operating income in the fourth quarter of 2003 than in the comparable period of 2002.
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