C.H. Robinson Worldwide (CHRW) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease extended a multi-quarter trend of lower revenue.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease extended a multi-quarter trend of lower revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
-9.0%
Change from the immediately preceding quarter.
Year-over-year
-32.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.8B | +22.9% |
| Sep 30, 2022 | $6B | -4.0% |
| Dec 31, 2022 | $5.1B | -22.1% |
| Mar 31, 2023 | $4.6B | -32.3% |
Revenue performance
Revenue for the quarter was lower than the prior quarter, reflecting a continued sequential decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also decreased. The year-over-year decline was steeper than the sequential decline.
What to watch
The revenue trajectory has shown consecutive declines over the past several quarters.