C.H. Robinson(US:CHRW)2021-10-29 22:53Financial Performance - Total revenues for Q3 2021 reached $63 billion, a 483% year-over-year increase[9] - Adjusted gross profits for Q3 2021 were $844192 million, up 433% year-over-year[9, 12] - Income from operations increased by 847% to $310769 million[9, 12] - Diluted earnings per share increased by 850% to $185[9, 12] Segment Performance - NAST (North American Surface Transportation) - NAST total adjusted gross profit increased by 25% year-over-year[8] - Truckload volume increased by 45% [16] - Truckload AGP per load increased by 300%[8, 14] Segment Performance - Global Forwarding - Global Forwarding adjusted gross profit increased by 97% year-over-year[8, 9, 20] - Ocean adjusted gross profit increased by 1417% due to a 1165% increase in profit per shipment and a 120% increase in shipments[20] - Air adjusted gross profit increased by 762% due to a 505% increase in metric tons shipped and a 170% increase in profit per metric ton shipped[20] Other Key Metrics - The company repurchased 186 million shares at an average price of $9058 per share[27] - Total freight under management in Managed Services was up 285% to $16 billion in Q3[25] - Accounts Receivable increased by 633% to $4138542 million[29]