CFRA Upgrades C.H. Robinson Worldwide (CHRW) to Buy, 'We think CHRW is likely to take share'
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C.H. Robinson Reports 2023 Third Quarter Results
November 1, 2023 4:05 PM EDTEDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- C.H. Robinson Worldwide, Inc. (C.H. Robinson) (Nasdaq: CHRW) today reported financial results for the quarter ended September 30, 2023.
Third Quarter Key Metrics:
Gross profits decreased 28.9% to $626.6 million Income from operations decreased 60.5% to $113.5 million Adjusted operating margin(1) decreased 1,450 basis points to 17.9% Adjusted operating margin - excluding restructuring,(1) decreased 1,070 basis points to 21.7% Diluted earnings per share (EPS) decreased 61.8% to... More