Earnings release
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C.H. ROBINSON FOR IMMEDIATE RELEASE C.H. Robinson Reports 2021 Second Quarter Results MINNEAPOLIS , MN , July 27 , 2021 - C.H. Robinson Worldwide , Inc. ( " C.H. Robinson " ) ( Nasdaq : CHRW ) today reported financial results for the quarter ended June 30 , 2021 . Second Quarter Key Metrics : Total revenues increased 52.5 % to $ 5.5 billion Gross profits increased 21.9 % to $ 744.4 million Adjusted gross profits ( ¹ ) increased 21.9 % to $ 749.2 million Income from operations increased 38.0 % to $ 260.6 million Adjusted operating margin®¹ increased 410 basis points to 34.8 % Diluted earnings per share ( EPS ) increased 35.8 % to $ 1.44 Cash flow from operations decreased $ 297.8 million to $ 149.3 million ● ● ( 1 ) C.H. Robinson 14701 Charlson Rd . Eden Prairie , MN 55347 www.chrobinson.com FOR INQUIRIES , CONTACT : Chuck Ives , Director of Investor Relations Email : chuck.ives@chrobinson.com Adjusted gross profits and adjusted operating margin 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 page 10 for further discussion and a GAAP to Non - GAAP reconciliation . 1 " During the second quarter , we delivered record financial results by staying focused on serving the needs of our customers and keeping their global supply chains moving in a capacity - constrained environment , " said Bob Biesterfeld , Chief Executive Officer of C.H. Robinson . " Our largest services delivered both year - over - year and sequential growth in total volumes , revenues and adjusted gross profit , which resulted in quarterly highs for Robinson in total volumes , revenues , adjusted gross profit and operating income . I believe the team at Robinson is the most capable team of supply chain experts in the world , and I'm incredibly proud of how our team has helped thousands of customers navigate globally disrupted supply chains and delivered strong results for our shareholders . "