Top 100 Food and Beverage Company Highlights: #10 CHS
Global agribusiness cooperative CHS posted $547.5 million in net income for Q3 2023 boosted by strong global demand, compared to its record third quarter net income of $576.6 million in fiscal year 2022. For the first nine months of fiscal year 2023, the company reported net income of $1.6 billion and revenues of $36.1 billion, compared to net income of $1.2 billion and revenues of $34.4 billion recorded during the same period of fiscal year 2022.
The company’s Energy segment delivered strong earnings, reflecting sustained favorable market conditions in its refined fuels business. Improved soybean and canola crush margins due to strong meal and oil demand resulted in higher earnings in its oilseed processing business, and market-driven price decreases for wholesale and retail agronomy products resulted in lower margins versus the same period last year.