- Earnings Per Share (EPS): C.H. Robinson reported EPS of $1.05, exceeding the estimate of 96 cents.
- Total Revenue: The company achieved revenue of $4.48 billion, a 1.9% increase year-over-year (y/y), compared to the estimated $4.54 billion.
- Transportation Revenue: Transportation revenue rose by 0.9% y/y to $4.12 billion, beating the estimate of $3.97 billion.
- Sourcing Revenue: Sourcing revenue saw a 7.2% increase y/y, reaching $361.4 million, above the estimated $353.7 million.
- NAST Revenue: The North American Surface Transportation (NAST) segment reported revenue of $2.99 billion, down 2.9% y/y, and below the estimated $3.1 billion.
- Global Forwarding Revenue: This segment experienced an 18% y/y increase, with revenue amounting to $921.2 million, surpassing the estimate of $866.1 million.
- All Other and Corporate Revenue: Revenue in this category increased by 1.7% y/y to $572.2 million, slightly below the estimate of $578.1 million.
- Adjusted Gross Profit: The adjusted gross profit was $687.4 million, a 3.3% increase y/y, exceeding the estimate of $673 million.
- NAST Segment Adjusted Gross Profit: This segment’s adjusted gross profit rose by 4.8% y/y to $419.7 million, beating the estimate of $405.9 million.
- Global Forwarding Adjusted Gross Profit: The adjusted gross profit for Global Forwarding increased by 2.7% y/y to $184.1 million, slightly below the estimate of $185.5 million.
- Analyst Ratings: There are 4 buy ratings, 18 hold ratings, and 2 sell ratings for C.H. Robinson.
C.H. Robinson Worldwide on Smartkarma
Analysts at Baptista Research on Smartkarma have been closely following C.H. Robinson Worldwide‘s recent strategic moves and financial performance. In their report titled “C.H. Robinson Worldwide: Will Its Push Towards Innovative,” the analysts highlight the company’s adoption of a new lean operating model in the first quarter of 2024. This shift aimed to enhance execution, decision-making, and overall accountability within the business. As a result, C.H. Robinson saw improvements in pricing strategies, capacity procurement efforts, and optimization of volume and adjusted gross profit per truckload. The analysts noted a positive impact on operational discipline and decision-making driven by data, creating a culture of continuous improvement within the organization.
In another report by Baptista Research titled “C.H. Robinson Worldwide – Efforts Towards Cost Reduction For Offsetting Inflation Bearing Fruit? – Major Drivers,” the analysts discussed the company’s performance in the fourth quarter of 2023. Despite experiencing a 20% year-on-year decrease in gross profits to $618.6 million due to challenges in the freight market, C.H. Robinson showcased resilience. The total revenue also decreased to $4.2 billion during this period. However, the analysts noted some productivity improvements, including a 17% enhancement in North American Surface Transportation (NAST) and a 20% boost in Global Forwarding. These efforts towards cost reduction and operational efficiency are seen as crucial drivers for the company’s future success amidst economic uncertainties.
A look at C.H. Robinson Worldwide Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, C.H. Robinson Worldwide‘s long-term outlook appears promising. The company excels in momentum, receiving a score of 5, indicating a strong upward trend in its performance. This suggests that C.H. Robinson is experiencing positive growth and market sentiment, which bodes well for its future prospects.
In addition, the company scores moderately in dividend and growth categories, with scores of 3 for each. This indicates that C.H. Robinson Worldwide offers stable dividends and has potential for growth in the future. However, the company scores lower in value and resilience, with scores of 2 in both categories. Investors may consider these aspects when evaluating the overall investment potential of C.H. Robinson Worldwide.
Based on the description of the company, C.H. Robinson Worldwide, Inc. is engaged in providing multimodal transportation services and logistics solutions globally. With a widespread network of offices across various regions, the company offers a range of logistics services, including fresh produce sourcing and freight consolidation. This diverse service offering positions C.H. Robinson as a key player in the transportation and logistics industry, catering to a diverse clientele across different geographical locations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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