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.
Total revenues increased 1.4 percent to $3.8 billion.
Net revenues decreased 16.3 percent to $568.0 million.
Income from operations decreased 51.3 percent to $109.4 million.
Diluted earnings per share (EPS) decreased 50.9 percent to $0.57.
The company remains committed to its role in the global supply chain and will continue to deliver essential goods and services while prioritizing the interests of its stakeholders.
Visualization of income flow from segment revenue to net income