C.H. Robinson Profitable Growth Strategy
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→ Non-GAAP Reconciliations
Our adjusted operating margin is a non-GAAP financial
measure calculated as operating income divided by
adjusted gross profit. We believe adjusted operating
margin is a useful measure of our profitability in
comparison to our adjusted gross profit which we consider
a primary performance metric as discussed above. The
reconciliation of operating margin to adjusted operating
margin is presented below:
$ in thousands
Total Revenues
Operating income
Operating margin
Adjusted gross profit
Operating income
©2023 C.H. Robinson Worldwide, Inc. All rights reserved.
Twelve Months Ended December 31
2022
$24,696,625
2021
$23,102,138
$1,082,108
5.1%
4.7%
$1,266,782
$3,593,177
$3,152,089
$1,266,782
$1,082,108
Adjusted operating margin
35.3%
34.3%
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