Key Developments For The Andersons, Inc.
The Andersons, Inc. (ANDE.O) (Nasdaq)
The Andersons Shares Falls On weak Q3 Profit-AP
The Associated Press reported that shares of The Andersons fell sharply as the Company's third-quarter profit fell 90% as fertilizer retailers kept inventories lean and its rail group suffered from double-digit declines in rail traffic amid the economic slump. The Company earned almost $1.3 million, or $0.07 per share, for the quarter that ended September 30, down sharply from $12.8 million, or $0.70 per share, during the same period previous year. Revenue tumbled 34% to $601 million, from $905.7 million a year earlier.
The Andersons Announces Cash Dividend For Fourth Quarter
The Andersons announced a cash dividend of $0.0875 payable October 22, 2009, to shareholders of record on October 1, 2009.
The Andersons Closes Hartung Brothers Inc. (HBI) Fertilizer Division Acquisition
The Andersons announced it has closed the purchase of the Fertilizer Division of Hartung Brothers, Inc., as an addition to its Plant Nutrient Group. The terms of the acquisition were not disclosed.
The Andersons Board Chairmanship Transferred To Chief Executive Officer Mike Anderson
The Andersons announced that Chairman Dick Anderson officially left his post, passing the Chairmanship to President and Chief Executive Officer Mike Anderson.
The Andersons Announces Cash Dividend For The Third Quarter
The Andersons announced a cash dividend of $0.0875 payable July 22, 2009, to shareholders of record on July 1, 2009.
