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NINE MONTHS: CHS' REVENUES UP 13%, EARNINGS DOWN 3%
Source: CHS, Inc. news release

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CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative and a global energy, grains and foods company, today reported earnings of $869.6 million through the third quarter of fiscal 2013.

The earnings attributable to CHS of $869.6 million for the period (Sept. 1, 2012 - May 31, 2013) represent a decline of about 3 percent from the $899.7 million reported for the first three quarters of fiscal 2012.

Revenues for nine months were $33.5 billion, up 13 percent from $29.6 billion for the same period a year ago, reflecting increased year-to-date average prices and grain sales volumes.

Earnings for the third quarter (March 1 - May 31, 2013) were $250.8 million, down from $405.1 million for the same period in fiscal 2012.

The decline was largely attributed to delayed spring planting in many areas which affected crop inputs movement, lower grain exports resulting from a reduced 2012 U.S. harvest and scheduled maintenance at the CHS Laurel, Mont., refinery. Revenues for the quarter were $11.9 billion, compared with $11.0 billion for the same three-month period in fiscal 2012.


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