C.H. Robinson Delivers Impressive Q4 2024 Results with Major Profit Increases
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) reported its financial results for the quarter ending December 31, 2024, showcasing a significant year-over-year increase in profitability. The company emphasized its new Robinson operating model, which has enabled disciplined execution and the effective use of its industry-leading talent and technology to enhance logistical operations.

In the fourth quarter, gross profits rose by 10.4%, reaching $672.9 million, while income from operations surged by 71.1% to $183.8 million. The adjusted operating margin increased by 940 basis points to 26.8%, and when excluding restructuring and loss on divestiture, it rose by 1,020 basis points to 26.9%. Diluted earnings per share (EPS) saw a remarkable increase of 369.2%, climbing to $1.22, with adjusted EPS also rising by 142.0% to $1.21. Additionally, cash generated by operations grew by $220.6 million, totaling $267.9 million.
For the full year, key metrics reflected continued growth, with gross profits increasing by 5.8% to $2.7 billion and income from operations rising by 30.0% to $669.1 million. The adjusted operating margin improved by 440 basis points to 24.2%, and when excluding restructuring and loss on divestiture, it increased by 630 basis points to 27.5%. Diluted EPS rose by 41.9% to $3.86, while adjusted EPS increased by 36.7% to $4.51. However, cash generated by operations decreased by $222.9 million to $509.1 million, attributed to a rise in net operating working capital related to higher ocean rates.