MAUMEE, Ohio (AP) — MAUMEE, Ohio (AP) — The Andersons Inc. (ANDE) on Tuesday reported fourth-quarter profit of $51.2 million.

On a per-share basis, the Maumee, Ohio-based company said it had profit of $1.49. Earnings, adjusted for non-recurring costs, came to $1.59 per share.

The agriculture company posted revenue of $3.21 billion in the period.

For the year, the company reported profit of $101.2 million, or $2.94 per share. Revenue was reported as $14.75 billion.

Andersons shares have declined slightly more than 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $53.30, an increase of 18% in the last 12 months.

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