EXPEDITORS REPORTS RECORD QUARTERLY EARNINGS
Expeditors International of Washington Inc. reported record net income of $15.89 million for the fourth quarter of 1999, up 33 percent from the $13.94 million for the same quarter in 1998.
New revenues increased 21 percent to $124.1 million. Total revenue was $422.7 million, up 37 percent. Operating income rose 34 percent to $29.51 million.
For the full year, net earnings rose 25 percent to $59.18 million. Net revenues increased 25 percent to $442.49 million. Total revenue was $1.445 billion, up 36 percent, while operating income rose 27 percent to $93.32 million.
Additional financial information is available at http://www.expeditors.com.