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CHS Reports $273.6 Million in Fiscal 2021 Third-Quarter Net Income

CHS Reports $273.6 Million in Fiscal 2021 Third-Quarter Net Income
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CHS Reports $273.6 Million in Fiscal 2021 Third-Quarter Net Income

CHS Reports $273.6 Million in Fiscal 2021 Third-Quarter Net Income
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CHS Reports Fiscal 2021 Second-Quarter Results

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ST. PAUL, Minn., April 7, 2021 /PRNewswire/ CHS Inc. (NASDAQ: CHSCP), the nation s leading agribusiness cooperative, today released results for its fiscal second quarter ended Feb. 28, 2021. The company reported a net loss of $38.2 million versus net income of $125.4 million in the same quarter in fiscal 2020. Significant year-over-year earnings increases in Ag and Nitrogen Production segments and Corporate and Other businesses were offset primarily by ongoing COVID-19 pandemic-related impacts in Energy.
Improved trade relations between the United States and foreign trade partners combined with our operating efficiency initiatives led to record grain and oilseed volume increases and continued price gains, significantly improving our Ag segment earnings over the prior year, said Jay Debertin, president and CEO of CHS Inc. Additionally, favorable growing conditions and overall strength in agriculture, helped drive demand for cr ....

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