C.H. Robinson Worldwide (CHRW) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The downward trend has persisted over recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The downward trend has persisted over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
-35.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.1B
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 |
|---|---|---|
| Sep 30, 2022 | $6B | -4.0% |
| Dec 31, 2022 | $5.1B | -22.1% |
| Mar 31, 2023 | $4.6B | -32.3% |
| Jun 30, 2023 | $4.4B | -35.0% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, reflecting a continued sequential decline.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was substantially lower. The year-over-year decline has deepened over the past four quarters.
What to watch
Monitor whether the sequential revenue decline moderates in upcoming quarters.