CHS Reports Q3 Earnings; Strong Global Demand Generated $547.5M In Net Income For Q3 FY23
Portfolio Pulse from Happy Mohamed
CHS Inc. (NASDAQ:CHSCP) reported Q3 FY23 net income of $547.5 million, down from $576.6 million in Q3 FY22. For the first nine months of FY23, net income was $1.6 billion with revenues of $36.1 billion, up from $1.2 billion and $34.4 billion respectively in the same period of FY22. The Energy segment saw strong earnings due to favorable market conditions, while the Ag segment saw decreased earnings due to market-driven price decreases for agronomy products.
July 13, 2023 | 3:17 pm
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CHS Inc.'s Q3 FY23 net income is down compared to Q3 FY22, but the first nine months of FY23 show an increase in net income and revenues compared to the same period in FY22. The Energy segment performed well, while the Ag segment saw decreased earnings.
While CHS Inc.'s Q3 FY23 net income is down compared to Q3 FY22, the overall net income and revenues for the first nine months of FY23 are up from the same period in FY22. This mixed performance, with strong earnings in the Energy segment but decreased earnings in the Ag segment, could lead to neutral short-term price movement.
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