HomeAg NewsCHS Reports $1.1 Billion in Net 2024 Fiscal Year Income

CHS Reports $1.1 Billion in Net 2024 Fiscal Year Income

(INNER GROVE HEIGHTS, MN) — CHS Inc., the nation’s leading agribusiness cooperative, today reported net income of $1.1 billion for the fiscal year ended Aug. 31, 2024, compared to $1.9 billion for fiscal year 2023.

Key highlights for fiscal year 2024 financial results include:

  • Consolidated revenues of $39.3 billion for fiscal year 2024 compared to $45.6 billion for fiscal year 2023, a change attributed to lower commodity prices.
  • Financial performance remained solid across segments, although down from historically strong results, including record earnings in the prior year.
  • Evolving market conditions, including less favorable refining margins, led to weaker Energy segment results compared to fiscal year 2023.
  • Ag segment earnings declined from the prior year due to softening oilseed crush margins and global conditions that drove down margins for U.S. grain exports.
  • Equity method investments continued to perform well, with our CF Nitrogen investment being the largest contributor.

You read more in the CHS Press Release here: https://www.chsinc.com/news/2024/11/06/chs-reports-fiscal-year-2024-earnings

Also, listen to a conversation between Jesse Allen and CHS President and CEO Jay Debertin as they go through the latest earnings results and discuss the current state of agriculture:

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