GROWMARK Reports Audited Year-End Financial Results
Higher commodity prices and solid volume growth in most GROWMARK business units produced record sales for the company, as officials reported audited financial results for the fiscal year which ended August 31.
Marshall Bohbrink, vice president, finance, risk management, and chief financial officer, reported net sales of $10 billion for the 2011-2012 fiscal year, the highest in company history.
Net income attributable to GROWMARK, the third-ranked retail outfit on our CropLife 100 list, was $243 million, the second highest level in history.
Total patronage in the amount of $158 million was returned to GROWMARK member-owners, also a company record.