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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.48B | 1.6% |
| Gross Profit | 3.93B | 2.5% |
| Cost of Revenue | 554M | 4% |
| Operating expense | 193M | 4% |
| Net Income | 126M | 35.9% |
| EBITDA | 203M | 34.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.51B | 0.7% |
| Total Liabilities | 4B | 1% |
| Total Equity | 1.51B | 5.6% |
| Shares Outstanding | 117M | 0.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 166M | 599.4% |
| Cash from investing | -19M | 14% |
| Cash from financing | -155M | 546.1% |
EPS
Financial Highlights for C.H. Robinson Worldwide in Q2 '24
C.H. Robinson Worldwide reported a revenue of 4.48B, which is a 1.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3.93B, marking a 2.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 554M, a -4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 193M, showing a -4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 126M, showing a 35.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 203M, showing a 34.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for C.H. Robinson Worldwide with growth in revenue, gross profit, and net income.
