C H Robinson Worldwide Inc Stock Price, News & Analysis

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) reported a challenging fourth quarter ending December 31, 2022, with total revenues falling 22.1% to $5.1 billion due to decreased pricing and volume. Gross profits dropped 10.5% to $761.5 million and diluted EPS fell 54% to $0.80. Full-year results showed total revenues increased 6.9% to $24.7 billion, and net income rose 11.4% to $940.5 million.

Interim CEO Scott Anderson emphasized a scalable operating model to enhance profitability amidst a softening market. The company remains focused on improving customer and carrier experiences, despite current economic challenges.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) will release its fourth quarter 2022 results on February 1, 2023, after market close. A conference call is scheduled for 5:00 PM - 6:00 PM ET the same day, featuring key executives including Interim CEO Scott Anderson and CFO Mike Zechmeister. Investors can access presentation slides and an audio webcast online. C.H. Robinson, a leader in logistics, manages $28 billion in freight annually with 20 million shipments, offering extensive supply chain solutions.

C.H. Robinson Worldwide (Nasdaq: CHRW) has appointed Jose Rossignoli as the new president of Robinson Fresh, succeeding Michael Castagnetto. Rossignoli, with 20 years of experience and various leadership roles at Robinson Fresh, aims to enhance the company's supply chain solutions in fresh produce. His focus will be on integrating product and services to streamline operations for customers. The interim CEO, Scott Anderson, emphasized the importance of talented leadership for continued growth in logistics services.

C.H. Robinson has appointed Scott Anderson as Interim CEO, effective January 1, 2023, following the departure of Bob Biesterfeld as President and CEO on December 31, 2022. The Board is actively searching for a permanent replacement, engaging Russell Reynolds for this process. Anderson emphasized a commitment to a seamless transition and plans to advance strategic initiatives. The Board also reshaped its Audit and Governance Committees to ensure independent composition under the new leadership.

C.H. Robinson (Nasdaq: CHRW) announced the appointment of Jim Barber as a new director on its Board. Barber, who retired as COO of UPS in January 2020, brings 35 years of experience in transportation and logistics. He previously managed UPS's international operations and served on various boards, including US Foods. The Board expects Barber's expertise in innovative operating models and customer experience to enhance C.H. Robinson's strategic initiatives. The company, with $28 billion in freight under management, continues to be a leader in global logistics.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) has increased its quarterly cash dividend to $0.61 per share from $0.55, payable on January 3, 2023 to shareholders on record by December 2, 2022. This marks the company's uninterrupted dividend distribution for over twenty years. With approximately 116 million shares outstanding as of November 16, 2022, C.H. Robinson manages $28 billion in freight and conducts around 20 million shipments annually, positioning itself as a leading logistics provider.

C.H. Robinson Worldwide (Nasdaq: CHRW) reported its Q3 2022 results, revealing a 5.0% increase in gross profits to $880.7 million. However, income from operations decreased by 7.5% to $287.6 million and diluted EPS fell 3.8% to $1.78. Total revenues dropped 4.0% to $6.0 billion, primarily due to reduced ocean and air pricing. Operating expenses surged by 12.4% to $599.6 million. C.H. Robinson outlined efforts to reduce costs, anticipating $175 million in gross savings by Q4 2023. The company remains focused on enhancing customer and carrier experiences through digital transformation.

C.H. Robinson Worldwide, Inc. (CHRW) will announce its third quarter 2022 results on November 2, 2022, before market opening. A conference call scheduled for 8:30 AM ET will provide insights and answer questions from the investment community. Originally set for 5:00 PM ET, the call was rescheduled to avoid overlap with a peer's earnings call. Key executives, including Bob Biesterfeld and Mike Zechmeister, will lead the discussion. The company manages $28 billion in freight with 20 million shipments annually, positioning itself as a major logistics platform.

C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) will report its third quarter 2022 results after market close on November 2, 2022. A conference call will follow from 5:00 pm to 6:00 pm ET, hosted by key executives including CEO Bob Biesterfeld. The event will include a discussion of the quarterly results and a Q&A session with investors. Presentation materials and a live audio webcast can be accessed via C.H. Robinson's investor relations website.