CHS earnings jump 74% in quarter

by Eric Schroeder
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ST. PAUL, MINN. — CHS Inc., a leading energy and grain-based foods company, posted earnings of $237,773,000 in the third quarter ended May 31, up 74% from $136,593,000 for the same period in fiscal 2006. Sales were $4,732,465,000, up 26% from $3,742,482,000 in the third quarter of fiscal 2006. CHS said its earnings reflected solid performance across all segments, led by its energy and agriculture businesses. The company’s processing segment, which includes oilseed processing and a portion of Ventura Foods, L.L.C., generated earnings of $5,152,000 in the period, up 13% from $4,544,000.

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