CHS follows in Cargill’s footsteps by reporting a tough quarter

//CHS follows in Cargill’s footsteps by reporting a tough quarter

CHS follows in Cargill’s footsteps by reporting a tough quarter

CHS Inc. on Monday reported that its third-quarter earnings plummeted compared to the same quarter in 2018, citing multiple challenges in the agricultural sector among other factors. The Inver Grove Heights-based farmer-owned cooperative reported net income of $54.6 million in the quarter compared with $181.8 million in the same quarter in 2018. Revenue was down, too, from $9.1 billion in 2018's third quarter to $8.5 billion last quarter, the company reported. CHS (Nasdaq: CHSCP) did have one-time…

Article by [author-name] (c) Manufacturing News - Manufacturing News Headlines | Bizjournals.com - Read full story here.

By | 2019-07-15T17:27:46+00:00 July 15th, 2019|Budget and Tax|

About the Author: