Local company news roundup

CHS Inc., Inver Grove Heights, reported net income of $266.5 million for the fiscal first quarter ended Nov. 30, down 30 percent from the first quarter of fiscal 2015. The decrease was primarily attributed to lower margins for much of the company's energy and agricultural businesses. Revenues for the quarter were $7.7 billion, down from $9.5 billion for the same period in fiscal 2015, largely due to lower selling prices for the energy and grain products which make up a significant portion of its business.