Categories Earnings, Industrials

Expeditors International reports strong growth in Q4 2024 revenue and profit

Logistics company Expeditors International of Washington, Inc. (NASDAQ: EXPD) announced financial results for the fourth quarter of 2024, reporting a sharp increase in revenue and net income.

  • On a per-share basis, net income attributable to shareholders jumped 54% year-over-year to $1.68 in Q4
  • Net income attributable to the company was $236 million in the December quarter, up 49% year-over-year
  • Total revenues increased 30% from last year to $3.0 billion in the fourth quarter; airfreight tonnage and container volume rose 11% and 14%, respectively
  • At $301 million, operating Income was up 51% compared to the fourth quarter of 2023
  • The company returned $1.1 billion to shareholders through stock repurchases and dividends in 2024

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