CHS Inc (CHSCO) Q3 2024 Earnings Report

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CHS Inc

CHSCO

$26.32 0.05%

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
""The synergies from our recent acquisitions have allowed us to significantly reduce operational costs and improve margins across our product lines."" - CEO

CHSCO

CHS Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

For Q3 2024, CHS Inc (CHSCO) reported substantial financial growth, demonstrating a remarkable year-over-year revenue increase of 1,662.7% to $9.61 billion, driven largely by improved performance across its energy and agriculture segments. The company experienced impressive net income growth of 401.1% compared to the same quarter last year, reaching $297.27 million. Strategic initiatives have been pivotal in enhancing profitability, evidenced by an operating income increase of 228.54% year-over-year. Despite various market challenges, CHS looks well-positioned for continued growth, emphasizing its operational efficiency and customer-centric approach while leveraging favorable commodity trends.

Key Performance Indicators

Revenue

Increasing

9.61B

QoQ: 5.74% | YoY: 1 662.71%

Gross Profit

Increasing

467.80M

4.87% margin

QoQ: 38.08% | YoY: 115.67%

Operating Income

Increasing

152.92M

QoQ: 269.41% | YoY: 228.54%

Net Income

Increasing

297.27M

QoQ: 74.55% | YoY: 401.10%

Revenue Trend

Margin Analysis

Financial Highlights

1. Revenue: Increased to $9.61 billion (YoY: 1,662.71%, QoQ: 5.74%).
2. Gross Profit: $467.80 million, up 115.67% YoY, indicating improved cost management and pricing power.
3. Operating Income: Enhanced to $152.92 million, marking a 228.54% increase YoY.
4. Net Income: Rose to $297.27 million, up 401.10% YoY, reflecting significant recovery post-pandemic.
5. Margin Ratios: Gross profit margin at 4.87%, operating income margin at 1.59%, highlighting effective expense management.
6. Debt Ratios: Total debt to equity at 0.198, showcasing solid leverage and manageable debt levels.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	9.61B	1 662.71%	5.74%
Gross Profit	467.80M	115.67%	38.08%
Operating Income	152.92M	228.54%	269.41%
Net Income	297.27M	401.10%	74.55%

Key Financial Ratios

Gross Profit Margin

Weak

4.87%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

1.59%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

2.65%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

1.38%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.34%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.62

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.20

Debt-to-equity shows conservative leverage and low financial risk

Historical Earnings Comparison

Period	Revenue ($M)	YoY Growth	Report
Q3 2025	9,766.42	+1.6%	View
Q2 2025	7,796.19	-14.2%	View
Q1 2025	9,294.11	-18.4%	View
Q4 2024	9,174.11	-3.3%	View
Q3 2024	9,608.98	+1.0%	View

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CHS Inc (CHSCO) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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