C.H. Robinson reports 2018 third quarter results

C.H. Robinson Worldwide, Inc., reported financial results for the quarter ended September 30, 2018.

• Total revenues increased 13.4 percent to $4.3 billion.

• Net revenues increased 16.9 percent to $694.0 million.

• Income from operations increased 26.5 percent to $246.0 million.

• Diluted earnings per share (EPS) increased 47.1 percent to $1.25.

• Cash flow from operations increased 222.5 percent to $220.4 million.

“Our strong third quarter financial performance reflects great execution by the employees across our global network. We delivered another quarter of double-digit increases in both net revenue and operating income and a 270 basis point increase in operating income margin. Truckload volume trends improved sequentially, and we delivered volume growth in many of our other service lines,” said John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson. “Our strong operating income performance, combined with improved working capital and the benefits of U.S. tax reform, enabled us to generate significant increases in cash flow from operations and cash returns to shareholders in the quarter.”

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