CHS Inc
CHSCP
$28.55 1.06%
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 increase in agricultural demand globally has allowed us to leverage our strong product portfolio, leading to unprecedented revenue growth this quarter."" - Management

CHS Inc (CHSCP) Q3 2024 Financial Results: Strong Revenue Growth and Improved Profitability Position

Executive Summary

CHS Inc (CHSCP) showcased remarkable financial performance in Q3 2024, evidenced by a staggering 1,662.71% year-over-year increase in revenue totaling $9.61 billion. The company recorded a gross profit of $467.8 million, reflecting an impressive 115.67% increase compared to the previous year. Furthermore, net income surged by 401.10% year-on-year to $297.3 million, driven by improved operational efficiencies and strong demand in the agricultural sector. Management attributed these significant gains to strategic pricing and effective supply chain management amid evolving market conditions. Overall, Q3 2024 results reflect CHS's continued commitment to enhancing shareholder value through strategic initiatives and operational excellence.

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 (YoY: +1,662.71%, QoQ: +5.74%)
  • **Gross Profit:** $467.8 million (YoY: +115.67%, QoQ: +38.08%)
  • **Operating Income:** $152.9 million (YoY: +228.54%, QoQ: +269.41%)
  • **Net Income:** $297.3 million (YoY: +401.10%, QoQ: +74.55%)
  • **EBITDA:** $476.8 million The remarkable growth in revenue was driven by higher commodity prices and increased sales volume across all segments. The elevated gross margin of 4.68% indicates strong pricing power amidst rising costs. Operating income improvements were attributed to stringent cost controls and enhanced operational efficiencies across divisions.

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