The company said total revenues rose $4.6 billion in Q3 2024, with gross profits up $723.8 million and income from operations up $180.1 million, a 7.0% increase in revenues, a 15.5% increase in gross profits and a 58.7% increase in income from operations.

1. 01

   The company said total revenues rose $4.6 billion in Q3 2024, with gross profits up $723.8 million and income from operations up $180.1 million, a 7.0% increase in revenues, a 15.5% increase in gross profits and a 58.7% increase in income from operations.

2. 02

   C.H. Robinson said its adjusted operating margin rose 660 basis points to 24.5% in Q3 2024, and that the margin excluding restructuring and loss on divestiture rose 1,120 basis points to 32.9%. Diluted EPS increased 17.6% to $0.80, and adjusted EPS increased 45.5% to $1.28.

3. 03

   The company said other SG&A expenses rose 8.9% to $193.6 million in Q3 2024, including a $57.0 million loss on the planned divestiture of its Europe Surface Transportation business. It added that the prior-year quarter included $21.4 million of restructuring expenses.

4. 04

   The company said cash generated by operations fell $97.2 million to $108.1 million in Q3 2024. It cited an increase in net operating working capital tied to higher ocean rates as the reason.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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