World Grain - June 2011 - 14

newsreview
The Andersons report record first-quarter earnings
MAUMEE, OHIO, U.S. —The Andersons, Inc. announced on May 4 record first-quarter net income attributable to the company of $17.3 million, or 93¢ per diluted share, on revenues of $1 billion. In the same threemonth period of 2010, the company reported results of $12.3 million, or 66¢ per diluted share, on $722 million of revenues. “We are pleased to be able to report record first-quarter earnings,” Chief Executive Officer Mike Anderson said. “The investments made in our agricultural businesses over the last several years, including our investment in Lansing Trade Group, are paying off nicely in this very positive agricultural environment. Although the Grain Division led the company in first-quarter income, the Plant Nutrient Group enjoyed the largest year-to-year increase in income. Continued good carry in the grain markets, particularly wheat, coupled with improved farm income opportunity, created favorable fundamentals for the company’s traditional agricultural businesses in the first quarter. Increased demand for U.S. grain exports and other agricultural products to feed an ever-growing world population along with the U.S. corn-based ethanol demand continues to create positive agriculture fundamentals. The Grain & Ethanol Group reported firstquarter operating income of $18.7 million, which was just $2 million lower than its yearearlier record result of $20.7 million. These results were led by the Grain Division. The division reported record operating income of $15.1 million in the first quarter of 2011, and $12.2 million for the same period of the prior year. The division benefited from continued strong space income and record first-quarter earnings from the investment in Lansing Trade Group. Revenues for the Grain Division were $638 million and $402 million for the first quarter of 2011 and 2010, respectively. Revenues increased significantly due to the overall climb in grain prices. The Ethanol Division earned an operating income of $3.6 million in the first quarter. This compares to $8.5 million earned during the same period of the prior year. The decreased income is the result of a decline in the company’s earnings from the ethanol LLC’s, which have been negatively impacted by lower ethanol margins. Total revenues for the quarter were $133 million. In comparison, the division’s revenues for the same period last year were $119 million.
June 2011 / World Grain / www.World-Grain.com

For more information, see Page 90.

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For more information, see Page 90.

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World Grain - June 2011

Table of Contents for the Digital Edition of World Grain - June 2011

World Grain - June 2011
contents
from the editor-in-chief - Grain volatility as force affecting public companies
CALENDAR OF EVENTS
Australian Grains Industry Conference
Glencore raises $10 billion-plus in offering
Indofood reports profi t increase in fi rst quarter
Agribusiness segment drives strong fi rst-quarter for Bunge
Australia set for bumper year of wheat exports
The Andersons report record fi rst-quarter earnings
IAOM Eurasia meeting to be held in Florence, Italy
ADM acquires grain elevator in eastern Germany
ADM to build port terminal in Nueva Palmira, Uruguay
ADM third-quarter earnings up 37%
PAVA opens Mikhailovsky milling plant
Canadian Wheat Board monopoly could end
Letter to the editor
GRAIN MARKET REVIEW - Rice
COUNTRY FOCUS - Focus on Nigeria
IAOM Feel good event
2012 IAOM event to be held in Spokane, Washington, U.S.
Stoufer: Investment in people, processes key to future of fl our milling
Victam International
Victam Asia 2012
Amandus Kahl, Buhler, Golfetto Sangati win Victam awards
Coceral develops new code
European supplier profiles
Stern-Wywiol Gruppe experiences growth
Satake Europe Ltd., ESM (UK) Ltd. merge
Buhler increases energy effi ciencies in Allied Mills facility
Buhler acquires pelleting die manufacturer Tijdhof
Schroeder named Intersystems president
Sweet receives Excellence in Hot-Dip Galvanizing Award
ADVERTISER INDEX
World Grain - June 2011 - World Grain - June 2011
World Grain - June 2011 - 2
World Grain - June 2011 - 3
World Grain - June 2011 - 4
World Grain - June 2011 - contents
World Grain - June 2011 - from the editor-in-chief - Grain volatility as force affecting public companies
World Grain - June 2011 - 7
World Grain - June 2011 - Australian Grains Industry Conference
World Grain - June 2011 - 9
World Grain - June 2011 - Glencore raises $10 billion-plus in offering
World Grain - June 2011 - 11
World Grain - June 2011 - Agribusiness segment drives strong fi rst-quarter for Bunge
World Grain - June 2011 - Australia set for bumper year of wheat exports
World Grain - June 2011 - The Andersons report record fi rst-quarter earnings
World Grain - June 2011 - 15
World Grain - June 2011 - ADM to build port terminal in Nueva Palmira, Uruguay
World Grain - June 2011 - ADM third-quarter earnings up 37%
World Grain - June 2011 - Canadian Wheat Board monopoly could end
World Grain - June 2011 - Letter to the editor
World Grain - June 2011 - GRAIN MARKET REVIEW - Rice
World Grain - June 2011 - 21
World Grain - June 2011 - COUNTRY FOCUS - Focus on Nigeria
World Grain - June 2011 - 23
World Grain - June 2011 - 24
World Grain - June 2011 - 25
World Grain - June 2011 - 26
World Grain - June 2011 - 27
World Grain - June 2011 - 2012 IAOM event to be held in Spokane, Washington, U.S.
World Grain - June 2011 - 29
World Grain - June 2011 - 30
World Grain - June 2011 - 31
World Grain - June 2011 - 32
World Grain - June 2011 - 33
World Grain - June 2011 - 34
World Grain - June 2011 - 35
World Grain - June 2011 - Stoufer: Investment in people, processes key to future of fl our milling
World Grain - June 2011 - 37
World Grain - June 2011 - 38
World Grain - June 2011 - 39
World Grain - June 2011 - Victam International
World Grain - June 2011 - 41
World Grain - June 2011 - 42
World Grain - June 2011 - 43
World Grain - June 2011 - 44
World Grain - June 2011 - 45
World Grain - June 2011 - 46
World Grain - June 2011 - 47
World Grain - June 2011 - 48
World Grain - June 2011 - 49
World Grain - June 2011 - Victam Asia 2012
World Grain - June 2011 - Amandus Kahl, Buhler, Golfetto Sangati win Victam awards
World Grain - June 2011 - 52
World Grain - June 2011 - 53
World Grain - June 2011 - Coceral develops new code
World Grain - June 2011 - 55
World Grain - June 2011 - European supplier profiles
World Grain - June 2011 - 57
World Grain - June 2011 - 58
World Grain - June 2011 - 59
World Grain - June 2011 - 60
World Grain - June 2011 - 61
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World Grain - June 2011 - 84
World Grain - June 2011 - 85
World Grain - June 2011 - 86
World Grain - June 2011 - Satake Europe Ltd., ESM (UK) Ltd. merge
World Grain - June 2011 - Buhler increases energy effi ciencies in Allied Mills facility
World Grain - June 2011 - Sweet receives Excellence in Hot-Dip Galvanizing Award
World Grain - June 2011 - ADVERTISER INDEX
World Grain - June 2011 - 91
World Grain - June 2011 - 92
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http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com