C.H. Robinson Worldwide Inc. said gross profits for the first quarter increased 27.9 percent to $255.1 million from $199.4 million in 2005.
Income from operations increased 36.3 percent to $92.4 million from $67.8 million in 2005. Net income increased 39.1 percent to $58.1 million from $41.8 million in 2005. Diluted net income per share increased 37.5 percent to $0.33 per share from $0.24 per share in 2005.
For the first quarter, total Transportation gross profits increased 28.3 percent to $223.0 million in 2006 from $173.8 million in 2005. The company’s transportation gross profit margin increased to 18.3 percent in 2006 from 17.4 percent in 2005.
The increase in truck transportation gross profits of 26.7 percent in the first quarter of 2006 was driven by volume growth in truckload and less-than-truckload transactions, combined with increased transportation rates and a slight increase in gross profit margins.
Income from operations increased 36.3 percent to $92.4 million from $67.8 million in 2005. Net income increased 39.1 percent to $58.1 million from $41.8 million in 2005. Diluted net income per share increased 37.5 percent to $0.33 per share from $0.24 per share in 2005.
For the first quarter, total Transportation gross profits increased 28.3 percent to $223.0 million in 2006 from $173.8 million in 2005. The company’s transportation gross profit margin increased to 18.3 percent in 2006 from 17.4 percent in 2005.
The increase in truck transportation gross profits of 26.7 percent in the first quarter of 2006 was driven by volume growth in truckload and less-than-truckload transactions, combined with increased transportation rates and a slight increase in gross profit margins.
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