(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: