earnings
confidence high
sentiment negative
materiality 0.70
CHS Q3 FY2024 net income $297M, down 46% YoY; revenue falls to $9.6B
CHS INC
- Net income $297.3M vs $547.5M YoY; revenue $9.6B vs $12.0B, down 20%.
- Energy pretax earnings $97.9M (-$101.1M YoY) on weaker refining margins.
- Ag pretax earnings $108.5M (-$125.0M YoY) due to lower crush margins and softer demand.
- Nine-month net income $990.5M; CEO calls it third-highest in history.
- Nitrogen Production pretax $52.4M (-$3.9M YoY) on lower urea/UAN prices.