The company said gross profits for Q4 2023 decreased 20.0% to $609.3 million, and income from operations decreased 34.5% to $107.4 million. Adjusted operating margin declined 400 basis points to 17.4%.

1. 01

   The company said gross profits for Q4 2023 decreased 20.0% to $609.3 million, and income from operations decreased 34.5% to $107.4 million. Adjusted operating margin declined 400 basis points to 17.4%.

2. 02

   C.H. Robinson said net income for Q4 decreased 67.8% to $31.0 million, and diluted EPS was $0.26. The company cited one-time impacts of a settlement with the IRS and the tax effects of the divestiture of its Argentina business as factors in its effective tax rate of 55.3%, compared with 20.9% a year earlier.

3. 03

   The company said cash generated from operations for Q4 was $47.3 million, down $726.1 million from $773.4 million a year earlier. It attributed the cash decline to changes in net operating working capital of $657.3 million.

4. 04

   The company said full-year total revenues for 2023 decreased 28.7% to $17.6 billion, and income from operations decreased 59.4% to $514.6 million. Diluted EPS declined 63.2% to $2.72.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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