C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q1 2012 Earnings Presentation
14 slides from C.h. Robinson Worldwide's earnings presentation, Apr 24, 2012
Slide 1: Earnings Conference Call – First Quarter 2012
Earnings Conference Call – First Quarter 2012 April 24, 2012 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Angie Freeman, VP Investor Relations
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this presentation and the accompanying earnings release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-loo
Slide 3: Q1 2012 Results
Q1 2012 Results In thousands, except per share amounts FIRST QUARTER 2012 2011 % Change Total revenues $2,552,114 $2,365,472 7.9% Total net revenues $414,746 $390,341 6.3% Income from operations $169,545 $156,715 8.2% Net income $106,500 $97,028 9.8% Earnings per share $0.65 $0.59 10.2% (diluted) 2
Slide 4: Transportation Results Q1 2012
Transportation Results Q1 2012 In thousands FIRST QUARTER 2012 2011 % Change Total revenues $2,176,797 $1,991,022 9.3% Total net revenues $367,216 $342,920 7.1% Net revenue margin 16.9% 17.2% -2.1% Transportation margin percentage history 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Q1 17.
Slide 5: Truck Results Q1 2012
Truck Results Q1 2012 In thousands Truck net revenues FIRST QUARTER 2012 2011 % Change $315,409 $294,500 7.1% Truckload year over year change LTL year over year change Quarter Quarter Volume 8% Volume 13% Pricing * 1% Pricing Net revenue margin Net revenue margin *Excluding estimated impact of fuel
Slide 6: Intermodal Results Q1 2012
Intermodal Results Q1 2012 In thousands Net revenues Year over year change FIRST QUARTER Quarter 2012 2011 % Change Volume Pricing $9,711 $9,600 1.2% Net revenue margin • Net revenue growth was driven by volume growth, largely offset by decreased net revenue margin. • Net revenue margin decline due
Slide 7: Ocean & Air Results Q1 2012
Ocean & Air Results Q1 2012 In thousands Net revenues FIRST QUARTER 2012 2011 % Change Ocean $15,761 $15,570 1.2% Air $8,873 $9,185 -3.4% Ocean year over year change Air year over year change Quarter Quarter Volume Volume Pricing Pricing Net revenue margin Net revenue margin • Ocean net revenue grow
Slide 8: Other Logistics Services Results Q1 2012
Other Logistics Services Results Q1 2012 In thousands Net revenues FIRST QUARTER 2012 2011 % Change $17,462 $14,065 24.2% • Other Logistics Services includes Transportation Management Services, Customs, Warehousing, and Small Parcel. • Q1 2012 net revenue growth primarily due to increases in our Man
Slide 9: Sourcing Results Q1 2012
Sourcing Results Q1 2012 In thousands Net revenues FIRST QUARTER 2012 2011 % Change Total revenues $359,730 $360,028 -0.1% Total net revenues $31,943 $32,999 -3.2% Net revenue margin 8.9% 9.2% -3.1% • Volume growth offset by decreased net revenue margin. • Net revenue margin comparisons challenging
Slide 10: Payment Services Results Q1 2012
Payment Services Results Q1 2012 In thousands Net revenues Year over year change FIRST QUARTER Quarter 2012 2011 % Change Volume $15,587 $14,422 8.1% Pricing • Volume growth was driven by increase in MasterCard® and other fuel card services. • Increased fees were driven by higher fuel prices and cha
Slide 11: Summarized Income Statement
Summarized Income Statement In thousands, except per share amounts FIRST QUARTER 2012 2011 % Change Total net revenues $414,746 $390,341 6.3% Operating expenses: Personnel expenses $183,438 $175,109 4.8% Percent of net revenues 44.2% 44.9% Other operating expenses $61,763 $58,517 5.5% Percent of net
Slide 12: Other Financial Information
Other Financial Information In thousands, except per share amounts Cash flow data FIRST QUARTER 2012 2011 % Change Net cash provided by $77,084 $52,613 46.5% operating activities Capital expenditures, net $13,820 $9,630 43.5% Balance sheet data Repurchases of common stock March 31, 2012 Quarter Cash
Slide 13: Current Period Comments
Current Period Comments Through April 23: • North American Truckload volume growth per business day was approximately 10% • Total net revenue growth per business day was approximately 1% • We are pleased with our execution. • We continue to invest in growth, hiring people and expanding our global IT
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