C.H. Robinson (CHRW) Slides On Q4 Earnings & Revenues Miss
Zacks Investment Research | Jan 28, 2020 08:09PM ET
C.H. Robinson Worldwide’s (NASDAQ:CHRW) shares declined more than 8% in after-market trading on Jan 28, following its disappointing fourth-quarter 2019 results.
The company’s earnings of 73 cents per share missed the Zacks Consensus Estimate of 98 cents. The bottom line also plunged 45.5% year over year. Results were hurt by the weak freight environment.
Total revenues came in at $3,793.3 million, falling short of the Zacks Consensus Estimate of $3804.8 million. Moreover, the top line fell 8.3% year over year. This downturn can be attributed to unfavorable pricing across most transportation service lines.
Total operating expenses decreased 3.5% year over year to $442.06 million, primarily due to 11.9% decline in Personnel expenses. However, operating ratio (operating expenses as a percentage of net revenues) deteriorated to 76.4% from 64.2% in the year-ago quarter. Notably, lower the value of the metric the better.
The company returned $137.3 million to its shareholders through a combination of cash dividends ($69.9 million) and share repurchases ($67.4 million). Capital expenditures totaled $19.5 million in the quarter under review.
C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise
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