CHS Inc
CHSCM
$24.91 0.00%
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 commitment to meeting the rising needs of our customers in supply chain management has kept us at the forefront of the industry." - CEO

CHS Inc (CHSCM) Q3 2024 Financial Results Report: Significant Gains Boost Profitability and Positioning

Executive Summary

CHS Inc has reported a remarkable Q3 2024 performance, driven by substantial revenue growth and improved net income, marking a significant recovery compared to previous quarters. Total revenue reached $9.61 billion, a 5.74% increase quarter-over-quarter (QoQ) and a staggering 1662.71% growth year-over-year (YoY). This surge can be attributed to higher demand across its segments, which include grains, energy, and nitrogen production. Net income saw an extraordinary increase of 401.10% YoY and 74.55% QoQ, amounting to $297.27 million. This impressive growth signals a strong operational leverage that indicates improving efficiency in cost management and product pricing strategies. The company expects to maintain this upward trend as it navigates market conditions, focusing on growth opportunities in the agricultural sector.

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, up 5.74% QoQ (from $9.09 billion) and 1662.71% YoY (from $0.58 billion).
  • **Gross Profit**: $467.80 million, a notable increase of 38.08% QoQ (up from $ 338.78 million) and 115.67% YoY (up from $216.90 million).
  • **Operating Income**: $152.92 million, reflecting an increase of 269.41% QoQ and 228.54% YoY.
  • **Net Income**: $297.27 million, a substantial rise of 74.55% QoQ and 401.10% YoY.
  • **Total Assets**: $18.46 billion

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