C.H. Robinson Worldwide Reports Q3 Non-GAAP EPS of $1.80 and Revenue of $5.36 Billion
C.H. Robinson Worldwide (CHRW) reported third-quarter financial results that exceeded market expectations on both the top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of $1.80, surpassing estimates by $0.05, while revenue reached $5.36 billion, representing a 29.5% increase year-over-year and beating projections by $450 million. Despite the strong revenue growth and earnings beat, the company faced challenges regarding liquidity management. Cash generated from operations declined by $151.3 million to reach $124.1 million, a decrease attributed to unfavorable changes in working capital.
Tickers: $CHRW
Topics: cash flow earnings beat revenue growth
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