NEWSREVIEW CHS sees strong first-quarter earnings ST. PAUL, MINNESOTA, U.S. - Net income at CHS Inc. LQWKH¿UVWTXDUWHURIHQGHG1RYLQFUHDVHGWR PLOOLRQXSIURPPLOOLRQLQWKH¿UVWTXDUWHURI 5HYHQXH IRU WKH TXDUWHU LQFUHDVHG WR ELOOLRQ XS PLOOLRQIURPWKHVDPHSHULRGD\HDUDJR ³2XUVWURQJ¿UVWTXDUWHUUHVXOWVSRVLWLRQXVZHOODVZHVWDUW RXU¿VFDO\HDU´VDLG-D\'HEHUWLQSUHVLGHQWDQGFKLHI H[HFXWLYHRI¿FHURI&+6 ³:HDUHIRFXVHGRQPDNLQJ&+6RXUFXVWRPHUV¶¿UVWFKRLFH E\ DGYDQFLQJ RXU WHFKQRORJ\ VROXWLRQV DQG HTXLSSLQJ HP SOR\HHVWRPHHWWKHFKDQJLQJQHHGVRIRXUFXVWRPHUVDURXQG WKHZRUOG:HZLOOGRWKLVZKLOHPDLQWDLQLQJ¿QDQFLDOGLVFL SOLQHDQGULJRU´ 7KH$JVHJPHQWZKLFKLQFOXGHVGRPHVWLFDQGJOREDOJUDLQ PDUNHWLQJ DQG FURS QXWULHQWV UHQHZDEOH IXHOV ORFDO UHWDLO RSHUDWLRQV DQG SURFHVVLQJ DQG IRRG LQJUHGLHQWV EXVLQHVVHV JHQHUDWHGSUHWD[LQFRPHRIPLOOLRQLQWKH¿UVWTXDUWHU RI XS VOLJKWO\ IURP PLOOLRQ LQ WKH VDPH TXDUWHU LQ ³7KH LQFUHDVH ZDV GULYHQ E\ LPSURYHG SULFLQJ ZLWKLQ WKH FRPSDQ\¶VFURSQXWULHQWVDQGSURFHVVLQJDQGIRRGLQJUHGLHQWV EXVLQHVVHV DQG YROXPH LQFUHDVHV ZLWKLQ JUDLQ DQG SURFHVV LQJ´&+6VDLG 7KH FRRS¶V &RUSRUDWH DQG RWKHU VHJPHQW VDZ LPSURYHG SHUIRUPDQFHZLWKDPLOOLRQLQFUHDVHLQSUHWD[HDUQLQJV ³+LJKHU HDUQLQJV IURP WKH FRPSDQ\¶V LQYHVWPHQWV LQ 9HQWXUD )RRGV //& DQG$UGHQW 0LOOV //& DV ZHOO DV LQ FUHDVHGLQWHUHVWUHYHQXHIURPWKHFRPSDQ\¶V¿QDQFLQJEXVL QHVV´&+6VDLG 7KHHQHUJ\VHJPHQW¶VSUHWD[LQFRPHIRUWKH¿UVWTXDUWHURI WRWDOHGPLOOLRQDQLQFUHDVHRIPLOOLRQFRP SDUHGWRWKHVDPHSHULRGD\HDUDJR &+6QRWHGWKHLPSURYHGPDUNHWFRQGLWLRQVLQWKHUH¿QHG IXHOV EXVLQHVV GULYHQ E\ IDYRUDEOH FUXGH RLO SULFLQJ SXVKHG WKHHQHUJ\VHJPHQWVHDUQLQJV ,QODWH'HFHPEHU&+6DRZQHURI:HVW&HQWUDO 'LVWULEXWLRQ H[HUFLVHG LWV RSWLRQ WR SXUFKDVH WKH UHPDLQLQJ RIWKHFURSSURWHFWLRQGLVWULEXWLRQFRPSDQ\ Second-quarter income up at Ardent Mills &+,&$*2,//,12,686²)ROORZLQJDZHDN¿UVWTXDU WHU¿QDQFLDOUHVXOWVLPSURYHGDW$UGHQW0LOOV//&LQWKHVHF RQGTXDUWHUEDVHGRQD6HFXULWLHV([FKDQJH&RPPLVVLRQ¿O LQJE\&RQDJUD%UDQGV,QF $FFRUGLQJ WR WKH )RUP 4 ¿OHG -DQ HTXLW\ PHWKRG LQYHVWPHQWHDUQLQJVRI&RQDJUDLQWKHVHFRQGTXDUWHUHQGHG 1RYZHUHPLOOLRQXSIURPPLOOLRQLQ WKHVHFRQGTXDUWHURI¿VFDO 7KHTXDUWHUO\UHVXOWVLQFOXGHGDPLOOLRQJDLQ PLOOLRQ DIWHU WD[HV IURP WKH VDOH RI DQ DVVHW E\ WKH$UGHQW 0LOOVMRLQWYHQWXUH 14 )RUWKH¿UVWKDOIRI¿VFDO&RQDJUD¶VHTXLW\PHWKRGLQ YHVWPHQWHDUQLQJVZHUHPLOOLRQXSIURPPLOOLRQ &RPPHQWLQJ RQ WKH ¿QDQFLDO UHVXOWV &RQDJUD VDLG ³LP SURYHG RSHUDWLRQDO HI¿FLHQFLHV DQG PDUNHW FRQGLWLRQV´ DF FRXQWHGIRUWKHEHWWHUVHFRQGTXDUWHUSHUIRUPDQFH$GMXVWHG IRU WKH DVVHW VDOHV \HDUWRGDWH HDUQLQJV ZHUH VLJQL¿FDQWO\ ORZHUWKDQLQWKH¿UVWKDOIRI¿VFDO 7KHFRPSDQ\GLGQRWHODERUDWHRQWKHJDLQIURPWKHDVVHW VDOH$UGHQW 0LOOV LQ 2FWREHU VDLG LW ZDV VHOOLQJ LWV 7DPSD )ORULGD86ÀRXUPLOODQGZRXOGEXLOGDQHZPLOODWDGLIIHU HQWORFDWLRQLQ)ORULGD February 2019 / World Grain / www.World-Grain.comhttp://www.denis.fr http://www.World-Grain.com