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C.H. Robinson (CHRW) Surpasses on Earnings & Revenues in Q4
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C.H. Robinson Worldwide Inc.’s (CHRW - Free Report) fourth-quarter 2017 earnings (excluding 9 cents from non-recurring items) per share of 99 cents beat the Zacks Consensus Estimate of 85 cents. Moreover, the bottom line climbed 15.1% year over year on higher revenues.
Total revenues rose 16% year over year to $3,959.8 million, surpassing the Zacks Consensus Estimate of $3,686.6 million. Notably, increased pricing and volume growth across most transportation sectors drove the top line.
Total operating expenses increased 14.4% year over year to $420.97 million, resulting in an operating ratio (operating expenses as a percentage of net revenues) of 66.6% compared with 65.5% in the year-ago quarter.
Segmental Results
Total revenues at North American Surface Transportation (NAST) were $2.62 billion in the reported quarter (up 14.8%) while the same at Global Forwarding totaled $591.25 million (up 24.2%) and at Robinson Fresh, the metric logged $594.65 million (up 12.3%).
A historical presentation of results on an enterprise basis is given below:
Transportation: The unit (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) posted net revenues of $604.73 million in the reported quarter, up 12.9% from the prior-year period.
Truckload net revenues grew 15.3% year over year to $342.13 million. Additionally, net revenues at Less-than-Truckload rose 11.7% year over year to $105.31 million.
Net revenues at the Intermodal segment declined 22% year over year to $5.87 million.
Net revenues at the Ocean transportation segment improved 5.9% year over year to $73.14 million. The same at the Air transportation division jumped 16.2% year over year to $27.59 million. Customs net revenues surged 33.3% to $21.14 million.
Net revenues at Other logistics services increased 4% year over year to $29.55 million.
Sourcing: Net revenues at the segment rose 4.6% year over year to approximately $27.12 million.
C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise
This Zacks Rank #3 (Hold) company exited the reported quarter with cash and cash equivalents of $333.89 million compared with $247.67 million at the end of 2016. Long-term debt was $750 million at the end of the quarter under review compared with $500 million recorded at the end of 2016. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players namely United Parcel Service, Inc. (UPS - Free Report) , Ryder System, Inc. (R - Free Report) and Spirit Airlines, Inc. (SAVE - Free Report) . While UPS will report on Feb 1, Spirit Airlines and Ryder will release financial numbers on Feb 6 and Feb 16, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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C.H. Robinson (CHRW) Surpasses on Earnings & Revenues in Q4
C.H. Robinson Worldwide Inc.’s (CHRW - Free Report) fourth-quarter 2017 earnings (excluding 9 cents from non-recurring items) per share of 99 cents beat the Zacks Consensus Estimate of 85 cents. Moreover, the bottom line climbed 15.1% year over year on higher revenues.
Total revenues rose 16% year over year to $3,959.8 million, surpassing the Zacks Consensus Estimate of $3,686.6 million. Notably, increased pricing and volume growth across most transportation sectors drove the top line.
Total operating expenses increased 14.4% year over year to $420.97 million, resulting in an operating ratio (operating expenses as a percentage of net revenues) of 66.6% compared with 65.5% in the year-ago quarter.
Segmental Results
Total revenues at North American Surface Transportation (NAST) were $2.62 billion in the reported quarter (up 14.8%) while the same at Global Forwarding totaled $591.25 million (up 24.2%) and at Robinson Fresh, the metric logged $594.65 million (up 12.3%).
A historical presentation of results on an enterprise basis is given below:
Transportation: The unit (comprising Truckload, Intermodal, Less-than-Truckload, Ocean, Air, Customs and Other logistics services) posted net revenues of $604.73 million in the reported quarter, up 12.9% from the prior-year period.
Truckload net revenues grew 15.3% year over year to $342.13 million. Additionally, net revenues at Less-than-Truckload rose 11.7% year over year to $105.31 million.
Net revenues at the Intermodal segment declined 22% year over year to $5.87 million.
Net revenues at the Ocean transportation segment improved 5.9% year over year to $73.14 million. The same at the Air transportation division jumped 16.2% year over year to $27.59 million. Customs net revenues surged 33.3% to $21.14 million.
Net revenues at Other logistics services increased 4% year over year to $29.55 million.
Sourcing: Net revenues at the segment rose 4.6% year over year to approximately $27.12 million.
C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise
C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise | C.H. Robinson Worldwide, Inc. Quote
Liquidity
This Zacks Rank #3 (Hold) company exited the reported quarter with cash and cash equivalents of $333.89 million compared with $247.67 million at the end of 2016. Long-term debt was $750 million at the end of the quarter under review compared with $500 million recorded at the end of 2016. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Investors interested in the broader Transportation sector are keenly awaiting fourth-quarter earnings reports from key players namely United Parcel Service, Inc. (UPS - Free Report) , Ryder System, Inc. (R - Free Report) and Spirit Airlines, Inc. (SAVE - Free Report) . While UPS will report on Feb 1, Spirit Airlines and Ryder will release financial numbers on Feb 6 and Feb 16, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>