Press release from PR Newswire
The Andersons, Inc. Clarifies Post-split EPS
Wednesday, February 12, 2014
The Andersons, Inc. Clarifies Post-split EPS12:40 EST Wednesday, February 12, 2014
Full Year and Fourth Quarter Earnings Meet or Exceed Most Analysts' Expectations
MAUMEE, Ohio, Feb. 12, 2014 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) today clarified media reports regarding its Fourth Quarter 2013 and Full-Year results announced Tuesday.
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In Tuesday's earnings release the reported earnings per diluted share reflected the three-for-two stock split effective this month, to align the reported earnings with the to-be-released 10K. Pre- and post-split earnings are clarified below:
- Full Year earnings would have been reported as $4.77 before the split. The $3.18 earnings per diluted share announced on Tuesday was reported post-split.
- Fourth Quarter 2013 earnings would have been reported as $1.62 before the split. The $1.08 earnings per diluted share announced on Tuesday was reported post-split.
SOURCE The Andersons, Inc.
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