C.H. Robinson said total revenues for Q2 2024 rose 1.4% from a year earlier to $4.5 billion, gross profit rose 3.0% to $676.5 million, and income from operations rose 34.3% to $178.1 million.

1. 01

   C.H. Robinson said total revenues for Q2 2024 rose 1.4% from a year earlier to $4.5 billion, gross profit rose 3.0% to $676.5 million, and income from operations rose 34.3% to $178.1 million.

2. 02

   The company said its adjusted operating margin for Q2 rose 600 basis points to 25.9%, diluted earnings per share rose 29.6% to $1.05, and adjusted earnings per share rose 25.0% to $1.15.

3. 03

   The company said adjusted gross profit in NAST rose 4.8% to $419.7 million in Q2, and adjusted gross profit in Global Forwarding rose 2.7% to $184.1 million, with Air adjusted gross profit down 8.9%.

4. 04

   The company said cash generated from operations was $166.4 million in Q2, down $58.4 million from $224.8 million a year earlier. It said cash returned to shareholders in the quarter totaled $76.4 million, consisting of $72.7 million in cash dividends and $3.7 million in share repurchases.

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Original filing

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