C.H. Robinson Worldwide Inc. Reports Operating Results (10-K)

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Feb 29, 2012
C.H. Robinson Worldwide Inc. (CHRW, Financial) filed Annual Report for the period ended 2011-12-31.

Ch Robinson Wwd has a market cap of $11.01 billion; its shares were traded at around $66.16 with a P/E ratio of 25.6 and P/S ratio of 1.1. The dividend yield of Ch Robinson Wwd stocks is 2%. Ch Robinson Wwd had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Ch Robinson Wwd the business predictability rank of 3.5-star.

Highlight of Business Operations:

We did not achieve our long-term growth goals of 15 percent during 2011. Our net revenues grew 11.2 percent to $1.6 billion. Our income from operations increased 11.2 percent to $692.7 million and our diluted earnings per share increased 12.4 percent to $2.62. During 2011, our net revenue margins (net revenues as a percentage of total revenues) remained consistent at 15.8 percent compared to 2010.

Total revenues and direct costs. Our consolidated total revenues increased 11.5 percent in 2011 compared to 2010. Total Transportation revenues increased 15.4 percent to $8.74 billion in 2011 from $7.58 billion in 2010. This increase was driven by higher volumes in many of our transportation modes and increased pricing to our customers, including the impacts of higher fuel costs. Total purchased transportation services increased 15.8 percent in 2011 to $7.30 billion from $6.30 billion in 2010. This increase was due to higher volumes in many of

Our intermodal net revenue increase of 12.7 percent to $41.2 million in 2011 from $36.6 million in 2010 was driven largely by volume and pricing increases, partially offset by lower margins. Our intermodal net revenue margin declined in 2011 compared to 2010 due to higher transportation costs.

Total revenues and direct costs. Our consolidated total revenues increased 22.4 percent in 2010 compared to 2009. Total Transportation revenues increased 26.8 percent to $7.58 billion in 2010 from $5.98 billion in 2009. This increase was driven by higher volumes in all of our transportation modes and increased pricing to our customers, including the impacts of higher fuel costs. Total purchased transportation services increased 32.2 percent in 2010 to $6.30 billion from $4.77 billion in 2009. This increase was due to higher volumes in all of our transportation modes and higher transportation costs, including the impacts of higher fuel costs. Our Sourcing revenue increased 5.7 percent to $1.64 billion in 2010 from $1.56 billion in 2009. Purchased products sourced for resale increased 5.4 percent in 2010 to $1.50 billion from $1.43 billion in 2009. These increases were primarily due to volume growth, including our previously announced acquisition of Rosemont Farms Corporation, Inc. (Rosemont). Our Payment Services revenue increased 21.1 percent to $55.5 million in 2010 from $45.8 million in 2009. The increase was primarily due to an increase in transactions and increases in some fees that are impacted by fuel prices.

Our intermodal net revenue increase of 3.7 percent to $36.6 million in 2010 from $35.2 million in 2009 was driven largely by volume and pricing increases, partially offset by lower margins. Our intermodal net revenue margin declined in 2010 compared to 2009 due to higher transportation costs.

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