C.H. Robinson Q3 EPS Jumps 24.6% as Truckload Margins Expand
CHRW is trading near its 52-week low of $126.17 (13% above the low).
Summary
C.H. Robinson delivered a strong third quarter: diluted EPS rose 24.6% to $1.67 and adjusted diluted EPS climbed 28.6% to $1.80, with income from operations up 23.1% to $271.8 million on revenue of $5.36 billion, up 29.5%. Net income was $198.5 million. The NAST segment grew truckload adjusted gross profit per shipment 17.0% even as spot costs rose, and volume outgrew the Cass Freight Shipment Index for the 14th straight quarter. Both NAST and Global Forwarding hit their mid-cycle operating margin targets, and adjusted operating margin expanded 230 basis points to 33.6%. The blemish is cash flow: operations generated just $124.1 million, down $151.3 million, as working capital absorbed $267.4 million of sequential build from higher transportation rates. Management tied the quarter to the pending $5.8 billion RXO acquisition announced October 5th, arguing the same Lean AI playbook will drive the integration. The 8:30 a.m. ET call is the next checkpoint for RXO financing and integration detail.
At the time of this announcement, CHRW was trading at $142.52 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $16.6B. The 52-week trading range was $126.17 to $210.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.