C.H.Robinson Worldwide Inc

CHRW

Equity

ISIN US12541W2098 / Valor 2311498

NASDAQ (2024-12-24)

USD 104.28+0.26%

C.H.Robinson Worldwide Inc
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About company

C.H. Robinson Worldwide Inc is a global logistics company that specializes in solving transportation and supply chain challenges for companies worldwide. With $22 billion in freight under management and 19 million shipments annually, the company is one of the largest logistics platforms in the world. C.H. Robinson offers specialized expertise for shippers, suppliers, carriers, and growers, with services including global TMS technology, consulting, and supply chain solutions for various industries. The company's operations span borders and industries, providing transportation services such as truckload, less than truckload, intermodal, ocean freight, air freight, and customs brokerage. Through its network of offices in North America, Europe, and other regions, C.H. Robinson helps clients optimize their supply chains and adapt to the demands of today's complex global markets.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, C.H. Robinson Worldwide Inc. reported a 7.0% increase in total revenues, reaching $4.6 billion. This growth was primarily driven by higher pricing and volume in ocean services, although it was partially offset by lower pricing and volume in truckload services.

Profitability Increase

C.H. Robinson Worldwide Inc. saw a significant year-over-year increase in profitability for the third quarter of 2024. Gross profits rose by 15.5% to $723.8 million, and income from operations increased by 58.7% to $180.1 million, reflecting strong execution and improved operating leverage.

Earnings Per Share

The company's diluted earnings per share (EPS) for the third quarter of 2024 increased by 17.6% to $0.80. Adjusted EPS, which excludes certain items, rose by 45.5% to $1.28, indicating a strong performance in earnings growth.

Operating Expenses

Operating expenses for C.H. Robinson Worldwide Inc. in the third quarter of 2024 increased by 6.5% to $555.1 million. This rise was primarily due to higher variable compensation and a $57.0 million loss on the planned divestiture of the Europe Surface Transportation business, despite a decline in average employee headcount by 9.6%.

Cash Flow and Tax Rate

Cash generated by operations decreased by $97.2 million to $108.1 million in the third quarter of 2024, influenced by an increase in net operating working capital related to higher ocean rates. The effective tax rate for the quarter was 32.4%, up from 11.7% in the same period last year, driven by higher pre-tax income and non-recurring discrete items.

Summarized from source with an LLMView Source

Key figures

19.5%1Y

1.79%3Y

34.5%5Y

Performance

31.2%1Y

30.5%3Y

29.6%5Y

Volatility