The company said total revenues for Q1 2024 fell 4.3% from a year earlier to $4.4 billion, gross profit fell 4.5% to $647.5 million, and operating income fell 21.1% to $127.1 million. It cited lower truckload service pricing as the reason for the revenue decline.

1. 01

   The company said total revenues for Q1 2024 fell 4.3% from a year earlier to $4.4 billion, gross profit fell 4.5% to $647.5 million, and operating income fell 21.1% to $127.1 million. It cited lower truckload service pricing as the reason for the revenue decline.

2. 02

   C.H. Robinson said its adjusted operating margin for Q1 fell 420 basis points to 19.3%, diluted EPS fell 18.8% to $0.78, and adjusted EPS fell 14.0% from a year earlier to $0.86. It also said adjusted EPS rose 72% from the prior quarter.

3. 03

   The company said NAST segment total revenues for Q1 fell 9.2% from a year earlier to $3.0 billion, adjusted gross profits fell 6.9% to $397.1 million, and operating income fell 18.7% to $108.9 million. It cited lower truckload pricing as the reason for the revenue decline.

4. 04

   C.H. Robinson said operations used $33.3 million of cash in Q1 2024, compared with $254.5 million generated from operations in the same period a year earlier, a decrease of $287.9 million. It said cash returned to shareholders in the quarter totaled $90.7 million, consisting of $74.6 million in cash dividends and $16.1 million in share repurchases.

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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