C.H. Robinson Worldwide Reports Q2 FY 2023 Earnings Results on August 2
August 5, 2023
🌥️Earnings Overview
On August 2 2023, C.H. ROBINSON WORLDWIDE ($NASDAQ:CHRW) released its earnings report for the second quarter of fiscal year 2023 (ending June 30 2023). Total revenue was USD 4421.9 million, a decrease of 35.0% compared to the same quarter in fiscal year 2022. Net income for the quarter came in at USD 97.3 million, a decrease of 72.0% compared to the same period in the prior year.
Stock Price
On Wednesday, August 2, C.H. Robinson Worldwide announced its financial results for the second quarter of FY 2023. Stock opened at $98.6 and closed at a low of $97.4, down 2.0% from the previous closing price of 99.4. These figures suggest that the company’s financial performance, although still positive, is not as strong as in previous quarters. The results suggest that the market is uncertain about C.H. Robinson Worldwide’s near-term prospects.
Despite this, the company has reaffirmed its commitment to continuing to provide reliable and innovative logistics and supply chain solutions to its global customers. Going forward, the company will continue to focus on offering innovative solutions and exploring new opportunities in order to maximize profitability and become the go-to provider of logistics and supply chain services. It remains to be seen how the market will react to C.H. Robinson Worldwide’s financial results and the industry outlook in general. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CHRW. More…
| Total Revenues | Net Income | Net Margin |
| 20.12k | 534.2 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CHRW. More…
| Operations | Investing | Financing |
| 1.88k | -110.02 | -1.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CHRW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.41k | 4.02k | 11.86 |
Key Ratios Snapshot
Some of the financial key ratios for CHRW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 5.4% | 3.7% |
| FCF Margin | ROE | ROA |
| 8.8% | 33.7% | 8.6% |
Analysis
At GoodWhale, we have conducted a thorough analysis of C.H. ROBINSON WORLDWIDE’s financials, and based on our Risk Rating, C.H. ROBINSON WORLDWIDE is a medium risk investment in terms of financial and business aspects. In our assessment, we have identified two risk warnings in the company’s balance sheet, which are not easy to spot in financial numbers alone. We recommend signing up with us to gain access to our detailed reports, so that you can make an informed decision about investing in this company. We are sure that you will find our analysis extremely helpful in making the right decision. More…
Peers
The company’s competitors are FedEx Corp, Expeditors International of Washington Inc, and United Parcel Service Inc.
– FedEx Corp ($NYSE:FDX)
FedEx is a transportation and logistics company that delivers packages and freight around the world. The company has a market cap of $41.16 billion and a return on equity of 13.35%. FedEx is a global leader in transportation and logistics, and its services are relied on by businesses and consumers alike. The company has a strong track record of growth and profitability, and its shares are widely held by institutional investors.
– Expeditors International of Washington Inc ($NASDAQ:EXPD)
Expeditors International of Washington, Inc. is a global logistics company headquartered in Seattle, Washington. The company employs over 16,000 people in 375 locations across six continents. Expeditors provides integrated logistics solutions, including air and ocean freight forwarding, customs brokerage, and transportation management.
In terms of market capitalization, Expeditors is one of the largest logistics companies in the world. As of 2021, the company had a market cap of $16.17 billion. Expeditors has a strong return on equity, with a ratio of 35.3% as of 2021. This indicates that the company is efficient in generating profits for shareholders.
Expeditors is a well-established company with a long history of success. Founded in 1979, the company has grown steadily and today is a leader in the global logistics industry. Expeditors is a publicly traded company, listed on the Nasdaq stock exchange under the ticker symbol EXPD.
– United Parcel Service Inc ($NYSE:UPS)
UPS is a publicly traded company with a market capitalization of $142.37 billion as of 2022. The company has a return on equity of 56.44%. UPS is in the business of providing transportation and logistics services worldwide. The company operates in three segments: UPS Air, UPS Ground, and UPS International.
Summary
C.H. Robinson Worldwide has reported its second quarter financial results for the fiscal year 2023, with total revenue of USD 4421.9 million, which is a decrease of 35.0% year-on-year. Net income was reported to be USD 97.3 million, which is a 72.0% decrease compared to the same period last year. It is important to analyze the company’s financials closely and assess the potential risks involved before making a decision. Additionally, investors should keep a close eye on the company’s strategy and outlook for the future to make sure they are making an informed decision.
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