The Andersons, Inc. Increases Guidance, Announces Third Quarter Conference Call

PRNewswire-FirstCall
MAUMEE, Ohio
Oct 17, 2007

The Andersons, Inc. announced today it has raised its guidance range to between $3.15 and $3.35 from the previous guidance of $2.90 to $3.15.

The increase is largely attributed to positive market factors in the agriculture industry, mainly better performance in the Plant Nutrient Group and the large grain harvest projected this fall, which will have a positive impact in the Grain & Ethanol Group.

More details on these factors, and the company's overall third quarter performance, will be included in the company's third quarter financial release currently scheduled for Wednesday, October 31 and during the conference call at 11 a.m. EST on Thursday, November 1. This call is being webcast by Thomson/CCBN and can be accessed at The Andersons, Inc. at http://www.andersonsinc.com/.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at http://www.earnings.com/, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (http://www.streetevents.com/), a password-protected event management site.

About The Andersons, Inc.

The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in seven U.S. states plus rail leasing interests in Canada and Mexico. For more, visit The Andersons online at http://www.andersonsinc.com/.

First Call Analyst:
FCMN Contact:

SOURCE: The Andersons, Inc.

CONTACT: Gary L. Smith, VP, Finance & Treasurer of The Andersons, Inc.,
+1-419-891-6417, gary_smith@andersonsinc.com


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Grain
Plant Nutrient
Ethanol
Rail