CHS Inc
CHSCO
$26.37 -0.11%
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

CHS Inc (CHSCO) Q3 2024 Financial Results: Strong Recovery and Strategic Outlook

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

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

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 manageme...

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