As C.H. Robinson President and Chief Executive Officer, Dave Bozeman shared during the Q4 earnings call, “the significant year-over-year improvement in our Q4 financial results was driven by our new Robinson operating model, industry-leading talent & technology, and disciplined execution.”
Q4 2024 highlights
- Significant year-over-year increase in profitability, driven by disciplined execution, a focus on quality of volume, and improvement in gross profit margin, productivity and operating leverage
- Gross profits increased 10.4% to $672.9 million
- Income from operations increased 71.1% to $183.8 million
- Adjusted operating margin(1) increased 940 basis points to 26.8%
- Adjusted operating margin, excluding restructuring and loss on divestiture(1), increased 1,020 basis points to 26.9%
- Diluted earnings per share (EPS) increased 369.2% to $1.22
- Adjusted EPS(1) increased 142.0% to $1.21
- Cash generated by operations increased by $220.6 million to $267.9 million
C.H. Robinson's focus on leveraging advanced technologies such as generative AI, applying lean principles, and streamlining processes has played a crucial role in these achievements. The company's readiness for a future freight market rebound, coupled with its commitment to providing best-in-class service, positions it strongly for continued success.
For more information and insights, be sure to check out the official Q4 2024 results below or on our investor relations website.
Q4 2024 quarterly results
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1Adjusted operating margin, adjusted operating margin, excluding restructuring and loss on divestiture, and adjusted EPS are non-GAAP financial measures. The same factors described in this release that impacted these non-GAAP measures also impacted the comparable GAAP measures. Refer to pages 11 through 13 of our press release for further discussion and GAAP to Non-GAAP Reconciliations.