chs-logo-png-5

(NAFB.com) – CHS, Inc., released earnings results for its second quarter that ended on February 29. The company reports quarterly net income of $170.3 million and revenues of $9.1 billion. That compares to net income of $292.3 million and revenues of $11.3 billion in the second quarter of fiscal year 2023. For the first six months of fiscal year 2024, the company reported a net income of $693.2 million and revenues of $20.5 billion. “The first six months of our fiscal year have delivered overall good financial results,” says Jay Debertin, president and CEO of CHS. “Our supply chain investments and well-diversified portfolio, empowered by our people and technology, are helping us perform well as we connect farmers and local cooperatives with the inputs and services they need to help feed the world.” Among the report highlights, the CHS ag segment earnings rose as agronomy markets were stronger compared to the previous year.