C.H. Robinson Q4 EPS down 68% YoY; appoints new NAST president

C. H. ROBINSON WORLDWIDE, INC.

2023-FY EPS reported $2.72 revenue$17,596,443,000

Q4 diluted EPS $0.26 (down 67.5% YoY); adjusted EPS $0.50 (down 52.8%).
Gross profit fell 20.0% to $609.3M; operating income down 34.5% to $107.4M.
Full-year diluted EPS $2.72 (down 63.2%); cash from operations fell $918M to $731.9M.
Michael Castagnetto promoted to President of NAST, succeeding Mac Pinkerton who departs Feb. 29.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Mac Pinkerton

President of NAST

CHRW · C. H. ROBINSON WORLDWIDE, INC.

Effective: 2024-02-29
Successor: Michael Castagnetto
Filed: January 31, 2024, 6:59 PM ET

Mr. Castagnetto will succeed Mac Pinkerton who will remain a non-executive employee through February 29, 2024 to transition his responsibilities, at which time he will depart the Company.

Appointed

Michael Castagnetto

President of NAST

CHRW · C. H. ROBINSON WORLDWIDE, INC.

Effective: 2024-02-01
Filed: January 31, 2024, 6:59 PM ET

the Company appointed Michael Castagnetto, the Company’s Vice President of Customer Success, to serve as President of NAST, effective February 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

C. H. ROBINSON WORLDWIDE, INC. reported the quarter ended December 31, 2023 results: EPS Adjusted EPS (1) decreased 52.8% to $0.50.

Period: the quarter ended December 31, 2023
EPS: Adjusted EPS (1) decreased 52.8% to $0.50
Result: reported results

Exact text from the filing

C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Mac Pinkerton departed as President of NAST at C. H. ROBINSON WORLDWIDE, INC..

Action: departed
Role: President of NAST

Exact text from the filing

Mr. Castagnetto will succeed Mac Pinkerton who will remain a non-executive employee through February 29, 2024 to transition his responsibilities, at which time he will depart the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Castagnetto was appointed as President of NAST at C. H. ROBINSON WORLDWIDE, INC..

Action: appointed
Role: President of NAST

Exact text from the filing

the Company appointed Michael Castagnetto, the Company’s Vice President of Customer Success, to serve as President of NAST, effective February 1, 2024.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

C. H. ROBINSON WORLDWIDE, INC. filing history →

Source: SEC EDGAR

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