C.H. Robinson Worldwide (CHRW) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The downward trend continued, with the year-over-year decrease being more pronounced than the sequential decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The downward trend continued, with the year-over-year decrease being more pronounced than the sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-2.7%
Change from the immediately preceding quarter.
Year-over-year
-16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.6B
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 |
|---|---|---|
| Mar 31, 2023 | $4.6B | -32.3% |
| Jun 30, 2023 | $4.4B | -35.0% |
| Sep 30, 2023 | $4.3B | -27.8% |
| Dec 31, 2023 | $4.2B | -16.7% |
Revenue performance
Revenue decreased from the prior quarter, reflecting a further contraction in the latest period. The sequential drop was smaller than the steep year-over-year decline.
Quarterly comparison
Quarter-over-quarter revenue was lower, while the year-over-year comparison showed a much larger reduction. The trailing twelve-month revenue also reflected the overall downward trajectory.
What to watch
Monitor whether revenue continues to decline from the trailing twelve-month level in the upcoming quarters.