CHS Reports Strong YTD Results
CHS Inc., St. Paul, Minn., reported net income for the nine months ending May 31 of $650.9 million, up from the year-ago $535 million, respectively. While third-quarter results were off at $54.6 million from the year-ago $181.8 million, CHS noted that the year-ago period included one-time pretax gains of $124.1 million.
CHS reported third-quarter pretax earnings from its Nitrogen Production segment, which includes its stake in CF Nitrogen were up. Results were $20.2 million, up from $18.8 million due to increased market pricing of urea and UAN.