MINNEAPOLIS–(BUSINESS WIRE)–C.H. Robinson Worldwide, Inc. BB #:100586 today reported financial results for the quarter ended December 31, 2020.
Fourth Quarter Key Metrics:
- Total revenues increased 19.9 percent to $4.5 billion
- Gross profits increased 10.5 percent to $636.1 million
- Adjusted gross profits(1) increased 10.7 percent to $640.6 million
- Income from operations increased 51.2 percent to $206.8 million
- Adjusted operating margin(1) increased 870 basis points to 32.3 percent
- Diluted earnings per share (EPS) increased 47.9 percent to $1.08
- Cash flow from operations decreased 23.4 percent to $162.1 million
Full-Year Key Metrics:
- Total revenues increased 5.9 percent to $16.2 billion
- Gross profits decreased 7.0 percent to $2.4 billion
- Adjusted gross profits(1) decreased 6.7 percent to $2.4 billion
- Income from operations decreased 14.8 percent to $673.3 million
- Adjusted operating margin(1) decreased 260 basis points to 27.9 percent
- Diluted earnings per share (EPS) decreased 11.2 percent to $3.72
- Cash flow from operations decreased 40.2 percent to $499.2 million
(1) Adjusted gross profits and adjusted operating margin are Non-GAAP financial measures. The same factors described in this release that impacted the Non-GAAP measures also impacted the comparable GAAP measures. Refer to page 10 for further discussion and a GAAP to Non-GAAP reconciliation.
“Our fourth quarter was marked by solid performance across our broad service portfolio, continued progress on repricing our truckload business to reflect the changing market conditions, and further advancements in our technology and transformation efforts that are providing meaningful improvements,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson.
“Our enterprise portfolio that allows us to offer end-to-end solutions for our customers is unique to the logistics industry, and shippers continue to rely on Robinson’s global supply chain expertise and our data and scale advantages to ensure critical goods are moved as quickly and as inexpensively as possible.”
Read the full quarterly results here.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
