C.H. Robinson reports Q1 EPS $1.17, consensus $1.05

Reports Q1 revenue $4.0B, consensus $4.25B. “Our first quarter results reflect progress in the disciplined execution of the strategies that we shared at our Investor Day in December – to take market share and expand our margins. We’re not waiting for a market recovery to improve our financial results, and the strategies that the Robinson team is executing are relevant in any market environment,” said CEO Dave Bozeman. “In our North American Surface Transportation business, we outgrew the market in both truckload and less-than-truckload (“LTL”) while expanding gross margins and improving productivity – both year-over-year and sequentially. In our Global Forwarding business, we continued to win new business and optimize our expenses through further increases in productivity. Overall, we delivered a 39% year-over-year increase in our enterprise’s income from operations. And regardless of the market environment, we will continue to lean into the self-help initiatives that enabled our first quarter market share growth and margin expansion. This includes continuing to arm our industry-leading talent with innovative tools that help us materially elevate the customer and carrier experience. We are innovating to harness the power of artificial intelligence and driving automation across the full lifecycle of a load, which gives our customers better service, while also helping us improve our performance by automating tasks that free up our talented people to work on more strategic and higher value work.”