C.H. Robinson reports Q1 adjusted EPS $1.35, consensus $1.23

Reports Q1 revenue $4.01B, consensus $4.05B. The company said, “As has been widely discussed in recent months, the North American trucking market has entered a period of supply-driven tightening. As that has occurred, we’ve heard old tapes being replayed regarding which transportation providers benefit most during certain parts of the truckload cycle. But those storylines don’t fully appreciate the secular earnings growth that has consistently been generated at the new C.H. Robinson (CHRW) regardless of market conditions. The first quarter of 2026 was another example of this, and our adjusted earnings per share increased 15% year-over-year despite a significant increase in truckload spot market costs. We continued to outperform by opportunistically capturing transactional volumes at higher margins as the industry’s tender rejection rates increased, by continuing to exercise our disciplined revenue management practices, by repricing some of our contractual business in a very targeted fashion, and by continuing to widen our cost of hire advantage, all of which have improved as we implemented our Lean operating model. This enabled us to optimize our adjusted gross profit per truckload shipment and maintain our NAST gross margin despite having to absorb the elevated cost of capacity. Additionally, we gained market share in our NAST business for the 12th consecutive quarter, and we continued to deliver evergreen productivity improvements across our business.”