Third Quarter Net Income of $576.6 Million in Fiscal 2022
Earnings Reflect Continued Strong Global Demand
CHS., the nation’s leading agribusiness cooperative, today released results for its third quarter ended May 31, 2022. The company reported third quarter net income of $576.6 million and revenues of $13.1 billion, compared to third quarter fiscal year 2021 net income of $273.6 million and revenues of $10.90亿年. 在2022财年的前九个月，该皇冠hga010安卓二维码报告的净收入为1美元.2 billion and revenues of $34.4 billion, compared to net income of $305.0 million and revenues of $28.0 billion recorded during the same period of fiscal year 2021.
Fiscal 2022 third quarter highlights:
- Continued strong global demand, coupled with increased market volatility, resulted in higher commodity prices and improved earnings.
- 在我们的农业部门, processing and wholesale 澳门皇冠赌场平台 businesses delivered another strong quarter, building on momentum that began earlier in the fiscal year.
- Refining margins in our 皇冠hga010安卓二维码 segment were higher, 受全球皇冠hga010安卓二维码市场强劲需求和加拿大原油有利定价的推动, which is processed by CHS refineries.
- Certain CHS equity method investments continued to perform exceptionally well, 包括 our CF Nitrogen investment. 全球对尿素和硝酸铵的强劲需求推动了CF氮肥的有利市场条件.
“全球谷物和油籽市场需求在整个第三季度保持强劲,杰·德贝坦说, president and CEO of CHS. "Decreased global supply due to geopolitical factors, 供应链中断和市场波动也有助于增加收益. 我为我们的团队继续致力于在这个前所未有的全球市场中为我们的农场主和客户提供卓越的价值而感到自豪."
Debertin补充道, “乌克兰正在进行的战争造成了巨大的不确定性，并导致全球皇冠hga010安卓二维码市场持续波动. 我们正在利用我们的美国.S. refineries to reliably meet the energy needs of CHS customers. We continue to invest on behalf of our owners in infrastructure, 供应链能力和创新技术正在推动我们整个庞大网络的运营改进和效率提高. And while logistical challenges and inflationary pressures linger, CHS仍然有能力继续为我们的成员合作社和农民所有者创造最大价值."
皇冠hga010安卓二维码
- Pretax earnings of $163.2 million for the third quarter of fiscal year 2022 represent a $158.3 million increase versus the same period a year ago.
- 精炼燃料业务的市场状况改善导致收益增加, 受炼油利润率提高和加拿大重质原油价格更有利的推动, partially offset by continuing high renewable energy credit costs.
- 由于制裁和其他应对措施扰乱了全球供应，乌克兰持续的战争导致原油价格大幅波动.
Ag
Pretax earnings of $273.7 million for the third quarter of fiscal year 2022 represent a $133.6 million increase versus the same period a year ago.- Margins increased significantly in our oil种子 processing business, driven by strong meal and oil demand.
- 强劲的全球需求和市场波动加剧导致大宗商品价格上涨，并改善了我们大部分农业部门业务的收益.
氮生产
税前收益178美元.2 million for the third quarter of fiscal year 2022 represent a $131.6 million increase versus the same period a year ago.
- Our strategic investment in CF Nitrogen continues to perform exceptionally well, 由于目前的市场状况和全球对尿素和硝酸铵的强劲需求.
皇冠hga010安卓二维码及其他
税前收益23美元.6 million for the third quarter of fiscal year 2022 represent a $40.9 million decrease versus the same period a year ago. The lower earnings were due primarily to our joint venture Ventura Foods, 有限责任皇冠hga010安卓二维码, which had exceptionally high earnings in the third quarter of fiscal year 2021, as COVID-19 restrictions began to ease.
CHS. (shuangyingkao.volamdolong.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. 皇冠hga010安卓二维码多元化, 澳门皇冠赌场平台, 谷物和食品, CHS is committed to creating connections to empower agriculture, helping its farmer-owners, 客户和其他利益相关者通过其国内和全球业务发展他们的业务. CHS提供皇冠hga010安卓二维码, 作物营养, 种子, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. The company operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex® brand refined fuels, 润滑剂, propane and renewable energy products.
This document and other CHS. publicly available documents contain, and CHS officers and representatives may from time to time make, “前瞻性陈述”是指美国法律规定的安全港条款.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate,”“意愿,”“计划,“”的目标,”“找,”“相信,”“项目,”“估计,”“希望,”“战略,”“未来,”“可能,”“可能,”“应该," "will" and similar references to future periods. 前瞻性陈述既不是历史事实，也不是对未来业绩的保证. 而不是, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, future plans and strategies, 预测, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, 难以预测的风险和环境变化，其中许多不在卫生服务中心的控制范围之内. CHS的实际结果和财务状况可能与前瞻性陈述中所示的有重大差异. 因此，您不应过分依赖这些前瞻性陈述. 可能导致CHS实际结果和财务状况与前瞻性陈述中显示的重大差异的重要因素在CHS提交给美国的文件中进行了讨论或确定.S. Securities and Exchange Commission, 包括在截至8月31日的财政年度CHS年度报告10-K表格第1A项的“风险因素”讨论中, 2021, 及截至5月31日止季度的CHS季度报告表格10-Q第二部分第1A项, 2022. These factors may include: changes in commodity prices; the impact of government policies, 授权, regulations and trade agreements; global and regional political, 经济, legal and other risks of doing business globally, 包括, 但不限于, risks relating to war or civil unrest; 包括, 但不限于, risks relating to war or civil unrest; the impact of the ongoing COVID-19 outbreak or other similar outbreaks; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions and casualty losses; the impact of workforce factors; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; uncertainty regarding the transition away from LIBOR and the replacement of LIBOR with an alternative reference rate; technological improvements that decrease the demand for our 澳门皇冠赌场平台 and energy products; our ability to complete, integrate and benefit from acquisitions, 战略联盟, 合资企业, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, social and governance practices; the impairment of long-lived assets; and other factors affecting our businesses generally. CHS在本文件中所作的任何前瞻性陈述仅基于CHS目前可获得的信息，且仅在陈述当日有效. CHS undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law.
