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C.H. Robinson Worldwide Q1 profit climbs 15.4% YOY

C.H. Robinson Worldwide Inc. said its normalized net income for the first quarter was 74 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS climbed 17.5% year over year from 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $108.8 million, a gain of 15.4% from $94.3 million in the prior-year period.

The normalized profit margin increased to 3.3% from 3.0% in the year-earlier period.

Total revenue increased 5.0% on an annual basis to $3.30 billion from $3.14 billion, and total operating expenses increased from the prior-year period to $3.12 billion from $2.99 billion.

Reported net income grew 13.8% from the prior-year period to $106.9 million, or 73 cents per share, from $93.9 million, or 63 cents per share.