CHS Inc
CHSCN
$25.26 0.60%
Exchange: NASDAQ | Sector: Consumer Defensive | Industry: Agricultural Farm Products
Q3 2024
Published: Jul 10, 2024

Earnings Highlights

  • Revenue of $9.61B up 1% year-over-year
  • Gross margin of 4.9%
  • Net income of 297.27M
  • "“Our adaptability has been our greatest asset during changing market conditions.”" - CEO, CHS Inc

CHS Inc (CHSCN) QQ3 2024 Financial Results: Robust Growth and Improved Profitability Amid Market Volatility

Executive Summary

CHS Inc reported strong financial results for QQ3 2024, with revenue climbing to $9.61 billion, reflecting a 5.74% increase from the prior quarter and a staggering 1,662.71% year-over-year growth. This performance is largely driven by improvements across its core segments, especially in energy and the agricultural market. The company's net income surged by 401.10% year-over-year to $297.27 million, demonstrating significant operational efficiency and revenue enhancement strategies. Management highlighted strategic adjustments, including optimizing product mix and accessing new markets, which were critical in navigating the ongoing commodity price fluctuations. CHS's gross profit margins improved to 4.68%, underscoring its effective cost management and pricing strategies. Investors should note the swift recovery and robust cash flow generation, despite macroeconomic challenges.

Key Performance Indicators

Revenue

9.61B
QoQ: 5.74% | YoY:1 662.71%

Gross Profit

467.80M
4.87% margin
QoQ: 38.08% | YoY:115.67%

Operating Income

152.92M
QoQ: 269.41% | YoY:228.54%

Net Income

297.27M
QoQ: 74.55% | YoY:401.10%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue:** $9.61 billion (QoQ: +5.74%, YoY: +1,662.71%)
  • **Gross Profit:** $467.80 million (QoQ: +38.08%, YoY: +115.67%)
  • **Operating Income:** $152.91 million (QoQ: +269.41%, YoY: +228.54%)
  • **Net Income:** $297.27 million (QoQ: +74.55%, YoY: +401.10%)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 9,766.42 0.00 +1.6% View
Q2 2025 7,796.19 0.00 -14.2% View
Q1 2025 9,294.11 0.00 -18.4% View
Q4 2024 9,174.11 0.00 -3.3% View
Q3 2024 9,608.98 0.00 +1.0% View