Key Highlights:

  • Total revenues increased 19.3% to USD 4.9 billion in the most recently reported quarter.
  • Adjusted gross profits increased 6.5% to USD 738.0 million for the period.
  • Income from operations increased 18.4% to USD 255.7 million for the quarter.
  • Gross profits increased 6.8% to USD 725.9 million during the period.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is scheduled to report third quarter results on Wednesday, Oct. 28, before the market open. Consensus estimates call for adjusted earnings per share of USD 1.75 on revenue of USD 4.92 billion, against a market capitalization of USD 16.18 billion.

In the most recently reported quarter, total revenues increased 19.3% to USD 4.9 billion, which the company attributed primarily to higher pricing in its truckload, less than truckload, air and ocean services. Adjusted gross profits, a non-GAAP measure the company uses as a primary performance metric, increased 6.5% to USD 738.0 million.

Adjusted Gross Profit as the Primary Metric

The company calculates adjusted gross profits as gross profits excluding amortization of internally developed software used to serve customers and contracted carriers, and considers the measure useful for assessing its ability to source, add value to, and sell third party logistics services. Income from operations increased 18.4% to USD 255.7 million, which the company said reflected the increase in adjusted gross profit partially offset by higher operating expenses.

Figures to Follow in the Release

Investors can watch for total revenue growth against the 19.3% pace reported last quarter, adjusted gross profit growth against the 6.5% rate, and income from operations against the USD 255.7 million reported in the prior period.