The Andersons Inc. reported Tuesday a big jump in profit and revenue for the third quarter.
The Maumee agribusiness’ profit was $10.9 million, or 59 cents a share, for the quarter, compared with $1.4 million, or 8 cents a share, for the same period last year. Revenue for the July-September period was $939 million, up from $707 million.
Operating profit rose significantly in the grain and ethanol units, but its general merchandise stores had an operating loss.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.