C.H. Robinson posted Q2 net income of $186.8 million, up 22.5% year over year; GAAP diluted EPS rose 23.8% to $1.56.
Revenue climbed 19.3% to $4.9 billion; operating income increased 18.4% to $255.7 million as operating expenses rose 1% to $482.2 million.
Adjusted operating margin (non-GAAP) widened 3.6 percentage points to 34.7%; adjusted operating income rose 19.5% to $263.2 million.
Volume trends and management commentary
NAST volume increased about 1.5% year over year versus a 3.3% decline in the Cass Freight Shipment Index; management cited a 13th straight quarter of market outgrowth.
Dave Bozeman said Lean AI drove productivity gains of over since end-2022; the company forecast a full-year effective tax rate of .
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