Sarnia

Andersons Reports Record Earnings

The Andersons is reporting year-to-date earnings of 2.95 per diluted share - a new record for the company.

The Andersons operations include it's Thompsons joint venture here in Ontario.

CEO Mike Anderson says the company's earnings have been led by outstanding results for it's Ethanol Group.

However, he also points out the current indications for the 2015 ethanol market show margins declining from what they saw this year.

The Andersons reports record crop yields in the majority of the company's territories, but harvest delays caused by weather.

The company is also warning that poor railroad service could impact the company in the fourth quarter.

Both the Andersons Grain and Ethanol groups rely on outbound rail service to turn their inventory.

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