CHS reports strong fiscal year 2022 earnings
Net income of $1.7 billion and revenues of $47.8 billion exceed previous records
November 23, 2022
CHS Inc., the nation's leading agribusiness cooperative, recently reported net income of $1.7 billion for the fiscal year ended Aug. 31, 2022, compared to $554.0 million for fiscal year 2021.
Key financial drivers for fiscal year 2022 results include:
• Consolidated revenues of $47.8 billion for fiscal year 2022 compared to $38.4 billion for fiscal year 2021, a year-over-year increase of 24 percent.
• Refining margins in our Energy segment were higher and drove improved earnings due to the tightening global supply and demand landscape.
• The CHS global grain and processing and...