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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3B | 23% |
| Gross Profit | 387M | 26.7% |
| Cost of Revenue | 2.61B | 22.5% |
| Operating expense | 138M | 1.5% |
| Net Income | 230M | 30.8% |
| EBITDA | 328M | 37.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.17B | 8% |
| Total Liabilities | 2.81B | 7.7% |
| Total Equity | 2.36B | 8.3% |
| Shares Outstanding | 140M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 90M | 29% |
| Cash from investing | -13M | 58.9% |
| Cash from financing | -76M | 63.2% |
EPS
Financial Highlights for Expeditors International in Q3 '24
Expeditors International reported a revenue of 3B, which is a 23% 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 387M, marking a 26.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.61B, a 22.5% 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 138M, showing a 1.5% 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 230M, showing a 30.8% 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 328M, showing a 37.2% 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 Expeditors International with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
