Analysis: CH Robinson – the loneliest
Priorities, performances and perks at the Great Laggard
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SEEKING ALPHA reports:
– C.H. Robinson Worldwide (NASDAQ:CHRW): Q2 GAAP EPS of $1.06 beats by $0.47.
– Revenue of $3.63B (-7.2% Y/Y) beats by $170M.
– Operating income -17% to $188.8M vs. consensus of $121.7M; Margin decreased 200 bps to 30.7%.
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The Form 8-K can be found here.
PS: Stock little changed, initially, then up 4.8% in after-hour trade on Tuesday.
PRESS RELEASE: CH Robinson reports 2020 second quarter results
(To read the full release, please click here)
07/28/2020, MINNEAPOLIS –(BUSINESS WIRE)– C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended June 30, 2020.
Second Quarter Key Metrics:
- Total revenues decreased 7.2 percent to $3.6 billion
- Net revenues decreased 11.6 percent to $614.5 million
- Income from operations decreased 17.0 percent to $188.8 million
- Operating margin decreased 200 basis points to 30.7 percent
- Diluted earnings per share (EPS) decreased 13.1 percent to $1.06
- Cash flow from operations increased 124.0 percent to $447.1 million
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