February 14, 2018 / 9:34 PM / 7 months ago

BRIEF-The Andersons Q4 Earnings Per Share $2.42

Feb 14 (Reuters) - Andersons Inc:

* Q4 REVENUE $1.0 BILLION

* ‍ SIGNED AN AGREEMENT TO SELL ITS GRAIN ELEVATORS IN HUMBOLDT, KENTON AND DYER, TENNESSEE, TO A SUBSIDIARY OF TYSON FOODS​

* ANDERSONS - EXPECTS TO BENEFIT FROM A SUBSTANTIAL DECREASE IN ITS EFFECTIVE TAX RATE BEGINNING IN 2018

* ‍ EXPLORING OPTIONS FOR THREE REMAINING FACILITIES IN TENNESSEE THAT ARE NOT A PART OF PURCHASE AGREEMENT WITH TYSON​

* QTRLY ADJUSTED RESULTS EXCLUDE $74.2 MILLION, OR $2.62 PER DILUTED SHARE NET INCOME TAX BENEFIT RELATED TO U.S. FEDERAL INCOME TAX REFORM

* IN QUARTER ‍ RECORDED A SIGNIFICANT ONE-TIME INCOME TAX BENEFIT OF $74.2 MILLION, PRIMARILY RELATED TO NEW, LOWER TAX RATE​

* ‍EXPECTS PLANT NUTRIENT'S WHOLESALE FERTILIZER BUSINESS TO BE CHALLENGED IN NEAR TERM UNTIL SOME SUPPLY/DEMAND EQUILIBRIUM IS ACHIEVED​

* Q4 EARNINGS PER SHARE VIEW $0.42, REVENUE VIEW $1.22 BILLION -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

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