CHS Inc., one of the nation's leading energy and grain-based foods companies, commemorated its 75th anniversary on Thursday, reporting record earnings and returns to shareholders, and turning its attention to future opportunities.



"We are proud that CHS has arrived at its 75th anniversary with record results to report," President and Chief Executive Officer John Johnson told 2,500 annual meeting delegates and guests gathered at the Oregon Convention Center.



"Now we must focus our resources, energy and creativity not on staying where we are, but on determining future direction, avoiding the potholes along the way, and developing the best route possible to arrive at our next destination. The risks of doing otherwise are too great."



Earlier this month, CHS reported record net income of $490.3 million on revenues of $14.4 billion for fiscal 2006. Also during fiscal 2006 -- based on 2005 performance -- CHS returned a record $153 million in cash patronage, equity redemptions, preferred stock and dividends to its owners. As a result of record fiscal 2006 results, CHS expects to distribute $258 million in cash and equity redemptions to its owners during 2007.



"The basic tenets upon which this system has been built for more than 75 years -- people, teamwork, integrity and honesty -- are the same essential ingredients that fueled the success we enjoy in 2006," he said. "They will be the same principles that carry us to new heights in the years ahead."



John Schmitz, CHS chief financial officer, reported that the company's financial health is extremely strong entering fiscal 2007, noting "CHS has been built with a consistent commitment to fiscal responsibility and a dedication, discipline and deep-seeded stewardship to managing our stakeholders' financial resources."



In addition to overall record results, CHS reported record or improved earnings for its four primary business units -- energy, ag business, processing and business solutions.



SOURCE CHS Inc.