NASDAQ$CHRW

C.H.Robinson Worldwide Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

C.H. Robinson's financial performance declined due to lower pricing and margins in truckload services, but was supported by growth in Global Forwarding and cost reduction efforts.

C.H. Robinson's second quarter results showed a decrease in total revenues and net revenues, primarily driven by lower pricing in truckload services. However, the company managed to deliver solid performance across all business units and made progress on strategic initiatives. The company's strong balance sheet and liquidity position them well to navigate economic uncertainty.

  • Total revenues decreased by 7.2% to $3.6 billion.
  • Net revenues decreased by 11.6% to $614.5 million.
  • Diluted earnings per share (EPS) decreased by 13.1% to $1.06.
  • Cash flow from operations increased by 124.0% to $447.1 million.

Headline financials

Total Revenue

$3.63B

Previous: $3.91B-7.2%
EPS (adj)

$1.06

Previous: $1.22-13.1%
Operating Margin

30.7%

Previous: 32.7%-6.1%
Capital Expenditures

-$11.6M

Previous: -$16.8M+30.7%
Free Cash Flow

$132M

Previous: $152M-13.2%
Net Income

$144M

Previous: $169M-14.9%
Operating Income

$189M

Previous: $228M-17.0%
Gross Profit

$615M

Previous: $356M+72.5%
Cash & Equivalents

$362M

Previous: $355M+2.0%
Total Assets

$4.83B

Previous: $4.68B+3.0%
Stock-Based Comp

$11M

Previous: $14.7M-25.4%

Revenue & EPS history

C.H. Robinson · Revenue · Quarterly

$3.63B

Q2 2020-7.2%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

C.H. Robinson · $3.18B total across 2 segments · Q2 2020

  • NAST
    $2.48B-13.8%
  • Global Forwarding
    $708M+19.5%

Forward guidance

C.H. Robinson remains committed to its role in the global supply chain and will balance short- and long-term cost reduction efforts with continued investments in technology. The company is focused on providing best-in-class service, growing market share, and driving transformation to emerge stronger from the current uncertainty.

Tailwinds

  • Committed to delivering critical and essential goods and services.
  • Balancing short- and long-term cost reduction efforts.
  • Continuing investments in technology.
  • Committed to providing best-in-class service to customers.
  • Continuing to grow market share.

Headwinds

  • Uncertainty in the freight market.
  • Uncertainty in the broader economy.
  • Balancing cost reduction with long-term value creation.
  • Navigating the economic recovery.
  • Emerging from this time of uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-1.2%

Avg return

Earnings day

-1.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

32%

23 / 72 earnings

Positive

+19.6%

Q3 2025

Best reaction

-14.7%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-10.4%-4.2%
Q4 2025-2.9%+8.4%+0.5%
Q3 2025+19.6%+18.2%+22.8%
Q1 2025+1.2%-1.0%+7.6%
Q4 2024-6.9%-8.4%-5.8%
Q3 2024-4.6%-5.0%-2.2%
Q2 2024+14.4%+10.5%+15.9%
Q1 2024+14.0%+10.9%+21.6%
Q4 2023-14.4%-13.8%-14.0%
Q3 2023-0.5%+0.2%+1.7%
Q2 2023-1.2%+0.6%-11.1%
Q1 2023+4.0%+9.0%+1.8%
Q4 2022+4.2%+2.8%+0.8%
Q3 2022-9.6%-5.9%-1.2%
Q2 2022+8.2%+9.9%+15.5%
Q1 2022+8.9%+6.8%+6.0%
Q4 2021-14.4%-14.6%+1.8%
Q3 2021-0.6%-1.2%+0.1%
Q2 2021-4.3%-3.6%-2.7%
Q1 2021-4.6%-1.1%-1.0%
Q4 2020-7.9%-13.9%-9.4%
Q3 2020-11.1%-11.2%-6.6%
Q2 2020+8.6%+6.9%+12.0%
Q1 2020-3.8%-4.3%+9.2%
Q4 2019-6.4%+3.5%-11.0%
Q3 2019-14.7%-17.3%-13.9%
Q2 2019-1.6%-4.0%-1.1%
Q1 2019-0.5%+3.4%-2.9%
Q4 2018-0.0%+1.1%+4.2%
Q3 2018+2.3%+1.9%+5.4%
Q2 2018+5.4%+5.9%+5.6%
Q1 2018-9.9%-10.3%-5.5%
Q4 2017-5.0%-4.7%-6.9%
Q3 2017+1.3%+1.4%+10.6%
Q2 2017-6.5%-5.6%-3.9%
Q1 2017-6.2%-6.3%-12.5%
Q4 2016-1.8%-1.3%+5.3%
Q3 2016-2.6%-2.2%+7.2%
Q2 2016-4.4%-2.6%-3.7%
Q1 2016-3.7%
Q4 2015-0.5%
Q3 2015-6.2%
Q2 2015+7.9%
Q1 2015-7.0%
Q4 2014-4.0%
Q3 2014+0.6%
Q2 2014+4.5%
Q1 2014+4.3%
Q4 2013-7.9%
Q3 2013-2.6%
Q2 2013-5.6%
Q1 2013-5.2%
Q4 2012-8.4%
Q3 2012-3.8%
Q2 2012+0.3%
Q1 2012+4.3%
Q4 2011-0.1%
Q3 2011-4.0%
Q2 2011-2.0%
Q1 2011+2.4%
Q4 2010-1.4%
Q3 2010-2.1%
Q2 2010-1.0%
Q1 2009+4.9%
Q1 2010-1.0%
Q4 2009-0.2%
Q4 2007-0.2%
Q3 2008+1.3%
Q3 2009+1.3%
Q4 2008-0.2%
Q2 2008-0.2%
Q2 2009-0.2%

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