CHS报告2017财年第二季度和上半场结果

CHS Inc.（NASDAQ：CHSCP，CHSCO，CHSCN，CHSCM，CHSCL），该国领先的农民拥有的合作社和全球能源，谷物和食品公司，今天在其2017年财政年度的第二季度报告了1,460万美元的净收入（截至2017年2月28日的三个月时期），而2016财年第二季度的净亏损为3100万美元。该公司第二季度的运营收入为1,050万美元，高于9180万美元的亏损2016财年第二季度。第二季度的收入为73亿美元，增长了11％，而2016财年第二季度的收入为66亿美元。

Earnings for the six months of the company's fiscal 2017 (the six-month period ended Feb. 28, 2017), were $223.7 million, compared to $235.5 million for the first six months of fiscal 2016, a decrease of 5 percent. The decrease is a result of increased loan loss reserves, higher income taxes and continued challenges in the energy operating environment, which were partially offset by improved conditions across CHS wholesale and retail agricultural related businesses.

Revenues for the first six months of fiscal 2017 were $15.4 billion, compared to $14.4 billion for the first six months of fiscal 2016, an increase of 7 percent.

CHS总裁兼首席总裁说：“由于我们的运营环境仍然具有挑战性，我们继续采取谨慎行事，采取适当和衡量的成本和投资行动，同时定位自己以利用机会，同时专注于我们的投资资本。”执行官卡尔·卡萨尔（Carl Casale）。“我们正在旅途中，开始看到我们重点的好处。”

CHS Energy细分市场在2017财年的第二季度产生了1660万美元的税前收入，而2016财年同期的亏损为6310万美元，增长了7,970万美元。结果主要是由于优化利润率增加和4,610万美元的非现金费用，以将库存降低到2016财年第二季度的市场价值，而今年没有复发。该公司的丙烷和润滑剂企业的收入增加了，与上一年的同期相比，公司运输业务的减少部分抵消了。在2017财年的前六个月中，该细分市场产生的税前收益总计8660万美元，而去年同期为1.299亿美元。

CHS Ag)段,包括国内和global grain marketing and crop nutrients businesses, renewable fuels, local retail operations and processing and food ingredients, lost $9.3 million in the second quarter of fiscal 2017, compared to a loss of $31.1 million for the second quarter for 2016. Each of the primary business units in the Ag segment realized increased earnings during the second quarter of fiscal 2017, as compared to the second quarter of fiscal 2016, with the exception of country operations. Grain marketing increased earnings due primarily to improved grain margins. Wholesale crop nutrients income increased for the quarter due to higher volumes. Processing and food ingredients earnings increased due to an impairment charge for assets held for sale in the prior fiscal year. Earnings from renewable fuels marketing and production operations also increased, primarily due to higher margins. These increases were partially offset by increased loan loss reserves related to the company's country operations retail business. Absent these reserve increases, the country operations retail business experienced strong second quarter operating performance versus the prior year's second quarter. These earnings were part of the $99.9 million total for the CHS Ag segment for the first six months of fiscal 2017, compared to $38.1 million for the first six months of fiscal 2016.

氮生产段生成的收入啊f $5.5 million during the three months ended Feb. 28, 2017, compared to income of $1.3 million over the previous fiscal year's quarterly period, and $32.4 million for first six months of fiscal 2017 compared to $1.3 million from the same period in fiscal 2016. The increase is primarily due to six months of activity in the current fiscal year, compared to only one month of activity in the first half of the prior fiscal year, given the CHS investment in CF Nitrogen occurred in February 2016.

该公司的食品领域以前是公司和其他公司的一部分，在2017财年第二季度产生了310万美元的税前收益，减少了840万美元，而前一年同期为1,150万美元，和1370万美元。在2017财年的前六个月中，2016财年同期为2990万美元。这些减少主要是由于Ventura Foods，LLC的利润率下降，CHS Equity方法构成了食品领域的CHS权益方法。

Corporate and Other generated pretax income of $7.7 million during the second quarter of fiscal 2017, compared to $4.9 million during the same time period the previous year, an increase of $2.8 million, or 57 percent, and income of $16.5 million for the six months ended Feb. 28, 2017, compared to $14.2 million during the first six months of fiscal 2016. Earnings in this category are derived from the company's equity investment in the Ardent Mills, LLC wheat milling joint venture and CHS Business Solutions operations.

CHS Inc.（www.chsinc.com）是美国各地农民，牧场主和合作社拥有的全球领先农业综合企业。CHS在能源，谷物和食品方面多样化，致力于帮助其客户，农民所有者和其他利益相关者通过其国内和全球运营发展其业务。CHS是一家财富100强公司，为能源，农作物营养服务，动物饲料，食品和食品成分以及包括保险，金融和风险管理服务在内的业务解决方案提供。该公司经营石油炼油厂/管道和制造，市场和分销塞内克斯^®brand refined fuels, lubricants, propane and renewable energy products.

This document and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, "forward–looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward–looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward–looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control. CHS actual results and financial condition may differ materially from those indicated in the forward–looking statements. Therefore, you should not rely on any of these forward–looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward–looking statements are discussed or identified in CHS public filings made with the U.S. Securities and Exchange Commission, including in the "Risk Factors" discussion in Item 1A of CHS Annual Report on Form 10–K for the fiscal year ended August 31, 2016. Any forward–looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly 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.