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由于强劲的豆粕和油料需求,大豆和油菜籽压榨利润率有所提高,导致CHS油籽加工业务在2023财年第三季度的收益增加.
Financials

CHS reports third quarter earnings

Strong global demand generated $547.5 million in net income for third quarter of fiscal year 2023
Jul 13, 2023

Strong global demand generated $547.5 million in net income for third quarter of fiscal year 2023

CHS Inc., the nation’s leading agribusiness cooperative, today released results for its third quarter ended May 31, 2023. The company reported quarterly net income of $547.5 million compared to a record third quarter net income of $576.6 million in fiscal year 2022. 在2023财年的前9个月,该皇冠hga010安卓二维码报告的净收入为1美元.6 billion and revenues of $36.1 billion, compared to net income of $1.2 billion and revenues of $34.4 billion recorded during the same period of fiscal year 2022.

Fiscal 2023 third quarter highlights include:

  • Our Energy segment delivered strong earnings, reflecting sustained favorable market conditions in our refined fuels business.
  • 由于对豆粕和油料的强劲需求,大豆和油菜籽压榨利润率有所提高,导致油籽加工业务的收益增加.
  • 批发和零售农艺产品的市场驱动价格下降导致利润率低于去年同期.

"Consumer demand remains strong for energy and oilseed products, 我们的合资投资继续为强劲的收益做出贡献,并使我们的投资组合更加多元化," said Jay Debertin, president and CEO of CHS Inc. "As we enter the end of our fiscal year, opportunities remain for profitability and growth in the agriculture industry, and CHS is well-positioned to maximize value for our member cooperatives, farmer-owners and customers."

Energy

2023财年第三季度税前收益为1.99亿美元,同比增长35美元.8 million increase versus the prior year period and reflect:

  • 强劲的炼油利润归因于全球市场状况和精炼燃料业务中加拿大重质原油的有利定价
  • 较高的利润率部分被与Laurel炼油厂计划进行的重大维护相关的精炼燃料产量减少所抵消, Mont.

Ag

Pretax earnings of $233.5 million represent a $40.2 million decrease in earnings versus the prior year period and reflect:

  • Increased margins in our grain and oilseed and processing product categories, due primarily to strong meal and oil demand
  • Market-driven price decreases, particularly for wholesale and retail agronomy products, which led to lower margins

Nitrogen Production

Pretax earnings of $56.3 million represent a $121.由于尿素和UAN的市场价格下降,CF氮气的股权收入减少,与去年同期相比减少了900万美元.

Corporate and Other

Pretax earnings of $69.3 million represent a $45.与去年同期相比,增加了800万美元,反映了我们文图拉食品合资企业的股权收入增加,以及由于利率上升而增加的利息收入.

CHS Inc. Earnings*
by Segment
(in thousands $)

  Three Months Ended May 31, Nine Months Ended May 31,
  2023 2022 2023 2022
Energy $198,995 $163,241 $860,411 $243,262
Ag 233,515 273,688 439,248 615,294
Nitrogen Production 56,263 178,212 234,869 429,052
Corporate and Other 69,347 23,596 154,084 48,619
    Income before income taxes 558,120 638,737 1,688,612 1,336,227
Income tax expense 10,777 62,492 66,305 89,143
    Net income 547,343 576,245 1,622,307 1,247,084
Net loss income attributable to noncontrolling interests (156) (329) (111) (451)
    Net income attributable to CHS Inc. $547,499 $576,574 $1,622,418 $1,247,535
         

*Earnings is defined as income (loss) before income taxes.

CHS Inc. (i.enprowat.com) creates connections to empower agriculture. 作为全球领先的农业综合企业和美国最大的农民合作社, CHS serves customers in 65 countries and employs nearly 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. 我们多元化的农艺、谷物、食品和皇冠hga010安卓二维码业务录得47美元的收入.8 billion in fiscal year 2022. 我们通过皇冠hga010安卓二维码成为环境的管家来促进可持续发展, building economic viability and strengthening community and employee well-being.

This document and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, “前瞻性陈述”是指美国法律规定的安全港条款.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. 前瞻性陈述既不是历史事实,也不是对未来业绩的保证. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, 难以预测的风险和环境变化,其中许多不在卫生服务中心的控制范围之内. CHS的实际结果和财务状况可能与前瞻性陈述中所示的有重大差异. 因此,您不应过分依赖这些前瞻性陈述. 可能导致CHS实际结果和财务状况与前瞻性陈述中显示的重大差异的重要因素在CHS提交给美国的文件中进行了讨论或确定.S. Securities and Exchange Commission, 包括在截至8月31日的财政年度CHS年度报告10-K表格第1A项的“风险因素”讨论中, 2022, 以及截至2月28日止财政季度的CHS季度报告10-Q表格第1A项, 2023. These factors may include: changes in commodity prices; the impact of government policies, mandates, regulations and trade agreements; global and regional political, economic, legal and other risks of doing business globally; the ongoing war between Russia and Ukraine; the impact of inflation; the impact of epidemics, pandemics, outbreaks of disease and other adverse public health developments, including COVID-19; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions, casualty losses and supply chain issues; the impact of workforce factors; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; uncertainty regarding the transition away from LIBOR and the replacement of LIBOR with an alternative reference rate; technological improvements that decrease the demand for our agronomy and energy products; our ability to complete, integrate and benefit from acquisitions, strategic alliances, joint ventures, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, social and governance practices, including failures or delays in achieving our strategies or expectations related to climate change or other environmental matters; the impairment of long-lived assets; the impact of bank failures; and other factors affecting our businesses generally. CHS在本文件中所作的任何前瞻性陈述仅基于CHS目前可获得的信息,且仅在陈述当日有效. CHS undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law.

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