The Andersons announced that revenue for the first three quarters of 2010 of $2.09 per diluted share, a 74 per cent increase from the same period last year.
The company last week announced it earned $38.8 million on revenue of $2.2 billion for the first nine months. This compared to the same period of 2009 when it earned $22.1 million of revenue of $2.1 billion, or $1.20 per diluted share.
Mike Anderson, chairman and CEO, stated results were mixed among the company’s revenue centers. The Grain & Ethanol Group set a record for operating income totaling $42.8 million, which compared to $23.5 million for the first three quarters last year. The Plant Nutrient Group also is experiencing a good year. Operating income is $21.2 million on sales of $461 million compared to the same period in 2009 when operating income was $9.6 million on revenues of $380 million.
The malaise in the economy did affect the retail group, which operates three local general stores including one in the Woodville Mall in Northwood. The group had a loss of $2.4 million on revenues of $108 million, versus an operating loss of $2.1 million on revenue of $120 million in 2009.
Dave Berkus, nationally known speaker, author and early stage private equity investor, will be the keynote speaker at The Regional Growth Partnership’s 2010 Venture Fair Wednesday 7:30 a.m. to 8:00 p.m. to be held at the Hilton Garden Inn in Toledo.
Booths, programs and networking opportunities are featured. For more go to www.rocketventures.org.
Up the ladder
GenoaBank has named Brent Huston assistant branch manager of the bank’s Genoa Branch.
Huston has worked as a retail originator in GenoaBank’s Genoa Branch for the last four years; a responsibility that he will continue in addition to his new position.
Huston, a Genoa High graduate, earned his Bachelor’s Degree of Science in Small Business Management in 2009 from Tiffin University. He is actively involved with the Genoa Little League and has served as the League’s Treasurer for the past four years. He and his family reside in Genoa.
At the clubs
The Genoa Area Chamber of Commerce will hold it annual meeting and dinner Thursday, 6 p.m. at the Allen-Clay Joint Fire District Fire Hall. The dinner will be prepared by Rayz Café. The Hoffenheimer Sisters will provide entertainment and there will be election of board members. Go to www.genoachamber.com or call 419-707-5774.
The Oregon/Northwood Rotary meets Wednesdays, 7:45 a.m. at American Table Restaurant on Wheeling across from St. Charles Hospital. Call Steve at 419-698-9917.
Oregon dental care company secures national distribution
Branam Oral Health Technologies has secured national distribution contracts for its line of natural pediatric oral health products, according to a spokesperson for Rocket ventures, the venture fund for the Regional Growth Partnership.
The Branam line of natural pediatric dental care products includes the Ortho-Gibby, the first orthodontic teething pacifier that promotes proper alignment and tongue positioning while providing teething relief for babies. Branam is also launching a line of naturally-formulated dental care and functional food products formulated with Xylitol, an all-natural ingredient derived from plant fruit fibers that studies have shown is effective in combating the bacteria that leads to chronic ear infections and tooth decay.
The new agreements will expand distribution to include medical professionals as well as natural food retailers and e-tailers.
Branam Oral Health Technologies was founded in 2007 by Dr. Steven Branam, an Oregon dentist who, after 30 years of private practice, became alarmed at the rise of early childhood tooth decay despite advances in adult oral health care. Dr. Branam enlisted the help of the scientific community to develop a proprietary line of products to give professionals and parents healthy dental care alternatives. Go to www.BranamSmile.com to learn more.
Rocket Ventures has invested $600,000 in the company.