Welcome to our dedicated page for C H Robinson Worldwide news (Ticker: CHRW), a resource for investors and traders seeking the latest updates and insights on C H Robinson Worldwide stock.
C.H. Robinson Worldwide Inc. (CHRW) delivers innovative logistics solutions through its non-asset-based model, connecting shippers with transportation networks globally. This page provides investors and supply chain professionals with essential updates on strategic developments impacting the $48B freight brokerage market.
Access curated press releases and analysis covering quarterly earnings, technology investments, and global trade partnerships. Our repository tracks material events including carrier network expansions, digital platform enhancements, and regulatory compliance updates critical for evaluating CHRW's market position.
Key updates include developments in North American Surface Transportation (NAST), Global Forwarding division performance, and enterprise technology integrations that power supply chain visibility. Monitor operational milestones through verified announcements about service innovations and strategic client engagements.
Bookmark this page for streamlined access to CHRW's latest corporate communications. Combine these updates with market analysis tools to assess how logistics industry trends influence long-term value creation.
C.H. Robinson Worldwide reported financial results for Q1 2023, revealing a 32.3% decline in total revenues to $4.6 billion, largely due to reduced pricing in ocean and truckload services. Gross profits fell 24.7% to $678.3 million, with dilutive EPS dropping 53.2% to $0.96. The adjusted operating margin decreased by 1,460 basis points to 23.5%. Despite these declines, cash generated from operations improved to $254.5 million. The company is implementing a restructuring plan aimed at reducing personnel expenses by $100 million. Interim CEO Scott Anderson noted shifting market conditions due to oversupply and a competitive landscape. The company aims to foster profitable growth through cost reductions while enhancing customer and carrier experiences.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) will release its first quarter 2023 results after market close on April 26, 2023. A conference call will be held from 5:00 pm to 6:00 pm Eastern Time that same day, featuring Interim CEO Scott Anderson and other key executives. Investors can access the presentation slides and a live audio webcast through the company's investor relations website. C.H. Robinson manages $30 billion in freight and handles 20 million shipments annually, playing a significant role in global logistics. For more details, visit investor.chrobinson.com.
C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) announced a quarterly cash dividend of $0.61 per share, payable on April 3, 2023, to shareholders on record as of March 3, 2023. This dividend marks a continuation of the company’s commitment to returning cash to investors and reflects a strong track record of uninterrupted annual dividend increases over the past 25 years. Additionally, C.H. Robinson has been added to the S&P 500 Dividend Aristocrats Index, a recognition given to companies that have consistently raised dividends for at least 25 consecutive years. As of February 8, 2023, C.H. Robinson had approximately 116.4 million shares outstanding.
FAQ
What is the current stock price of C H Robinson Worldwide (CHRW)?
What is the market cap of C H Robinson Worldwide (CHRW)?
