C.H. Robinson reported a 9.6% increase in total revenues, reaching $4.2 billion, driven by higher pricing and volume across most service lines. However, net revenues decreased by 7.0% to $589.3 million due to rising costs and lower margins in truckload services. Diluted EPS decreased by 6.5% to $1.00.
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.
C.H. Robinson's first quarter results for 2020 showed a slight increase in total revenues but a significant decrease in net revenues, income from operations, and diluted earnings per share compared to the same period last year. The company focused on employee safety, supply chain continuity, and economic security during the COVID-19 pandemic.
C.H. Robinson reported a decrease in total revenues, net revenues, and income from operations for the fourth quarter of 2019. Total revenues decreased by 8.3% to $3.8 billion, net revenues decreased by 18.9% to $578.9 million, and income from operations decreased by 46.5% to $136.8 million. Diluted earnings per share (EPS) decreased 45.5% to $0.73.