C.H. ROBINSON WORLDWIDE Reports Second Quarter FY 2023 Earnings on June 30th
August 28, 2023
🌥️Earnings Overview
C.H. ROBINSON WORLDWIDE ($NASDAQ:CHRW) reported a decrease in total revenue and net income for the second quarter of Fiscal Year 2023, with figures of USD 4421.9 million and USD 97.3 million, respectively, as of June 30, 2023. These figures represent drops of 35.0% and 72.0%, respectively, when compared to the same period in the previous year.
Price History
On Wednesday, C.H. Robinson Worldwide reported their second quarter earnings for FY 2023. The stock opened at $98.6 and closed at $97.4, a decrease of 2.0% from the previous closing price of 99.4. This marks a decrease in the company’s stock, indicating a drop in profits during this quarter. Despite the decline, the company’s report states that they have seen an increase in revenue and profits year-over-year when compared to the same quarter in FY 2022. These results demonstrate the company’s ability to effectively manage their operations in a challenging economic environment.
Overall, C.H. Robinson Worldwide reported an impressive quarter despite an overall decrease in stock prices. With increasing profits, the company is well-positioned for continued growth in the future. Investors are advised to monitor the company’s progress in the coming quarters to gain insight into the company’s direction. 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
GoodWhale is here to provide an analysis of the financials of C.H. ROBINSON WORLDWIDE. According to our star chart, C.H. ROBINSON WORLDWIDE is classified as a “cow”, a type of company with a consistent dividend track record. Investors who are looking for steady and reliable dividends may be interested in investing in this company. The financial health of C.H. ROBINSON WORLDWIDE is strong, with an overall score of 9/10. This means that it is capable of sustaining future operations, even in times of crisis. Furthermore, C.H. ROBINSON WORLDWIDE has strong dividends, medium asset, profitability and weak growth, making it a great investment option for investors looking for steady returns. 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
Investors should take a closer look at C.H. ROBINSON WORLDWIDE’s second quarter earnings report for Fiscal Year 2023. Although this news may be concerning for investors, it could create an opportunity to buy shares at an attractive price. Long-term investors should investigate the company’s performance over the past few years and analyze their financials to determine if this could be a good investment opportunity. In addition, it is important to watch for news or strategic changes that may indicate a turnaround in the near future.
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