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C.H. Robinson Worldwide Q3 profit climbs 14.7% YOY


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C.H. Robinson Worldwide Q3 profit climbs 14.7% YOY

C.H. Robinson Worldwide Inc. said its normalized net income for the third quarter was 98 cents per share, compared with the S&P Capital IQ consensus estimate of 94 cents per share.

EPS rose 16.4% year over year from 84 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $141.3 million, a gain of 14.7% from $123.2 million in the year-earlier period.

The normalized profit margin climbed to 4.1% from 3.6% in the year-earlier period.

Total revenue declined on an annual basis to $3.42 billion from $3.47 billion, and total operating expenses decreased year over year to $3.19 billion from $3.26 billion.

Reported net income grew 11.3% year over year to $139.0 million, or 96 cents per share, from $124.8 million, or 85 cents per share.