date:Apr 29, 2022
C.H. Robinson Worldwide, Inc. today reported financial results for the quarter ended March 31, 2022.
First Quarter Key Metrics:
Gross profits increased 29.1% to $900.5 million
Adjusted gross profits(1) increased 29.0% to $906.2 million
Income from operations increased 54.7% to $345.5 million
Adjusted operating margin(1) increased 630 basis points to 38.1%Diluted earnings per share (EPS) increased 60.2% to $2.05
Cash used by operations improved by $42.8 million to $13.9 million
In our first qua