CHS executives recently reported on the progress of the company’s five key initiatives – maximizing existing businesses, making strategic acquisitions, expanding its global footprint, strengthening the synergies among its businesses and creating CHS brand awareness — but also focused on the long-term direction of the company. In November, CHS reported its fourth-best earnings in its nearly 80 years with net income of $381.4 million for fiscal 2009. That compared with a record $803 million for fiscal 2008, a year during which the energy, grain, crop nutrients and food products the company handles reached record prices. Revenues for fiscal 2009 were $25.7 billion, down from $32.2 billion the previous year. During fiscal 2010, based on fiscal 2009 results, CHS will distribute an estimated $220 million in cash to its owners, its fourth-largest return.
From a CHS news release, December 4, 2009
