CHS Inc. reported a drop in earnings for the third-quarter ending May 31, 2013 to $250.8 million from the year-ago $405.1 million. CHS said the drop was largely attributable to delayed spring planting in many areas which affected crop inputs movement, lower grain exports resulting from a reduced 2012 U.S. harvest and schedule maintenance at its Montana refinery. Revenues for the quarter were $11.9 billion, down from the year-ago $11 billion.
Nine-month earnings were $869.6 million on revenues of $33.5 billion, compared to the year-ago $899.7 million and $29.6 billion.
For more details, see the July 19 Green Markets Web-Edition.