St. Paul-CHS Inc. reported improved results for the third quarter and nine months ending May 31, 2010, and cited increased product margins and demand for both crop nutrients as significantly improving earnings within the company’s Ag Business segment. The segment reported third-quarter 2010 earnings of $94.6 million versus the year-ago $23.6 million, while nine-month earnings were a whopping $256.4 million compared to the year-ago $57.3 million. Company-wide, CHS reported third-quarter income of $145.4 million on sales of $6.6 billion, up from the year-ago $64.6 million and $6.2 million. Nine-month net income was $348.1 million on sales of $18.6 billion, versus the year-ago $284.1 million and $19.1 billion. Year-to-date (YTD) sales were down due to lower values in fiscal 2010 for grain and crop nutrient products. The CHS Energy segment posted $74.1 million in earnings in the first quarter, up from the year-ago $51.1 million. However, segment earnings took a huge drop, to $104.7 million for the YTD period compared to the year-ago $351.5 million. Processing segment third-quarter results were off at $10.6 million from the year-ago $14.2 million; however, they were up YTD, at $47.6 million versus a year-ago loss of $29.2 million.
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