Financial Highlights
| (Dollars in thousands, except per share data) | 2008 | 2007 | Change (%) | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross revenues | $ | 8,578,614 | $ | 7,316,223 | 17.3 | ||||
| Gross profits | 1,374,963 | 1,243,778 | 10.5 | ||||||
| Income from operations | 571,586 | 509,684 | 12.1 | ||||||
| Net income | 359,177 | 324,261 | 10.8 | ||||||
| Net income per share Basic |
$ | 2.12 | $ | 1.90 | 11.6 | ||||
| Diluted | $ | 2.08 | $ | 1.86 | 11.8 | ||||
| Dividends per share | $ | .90 | $ | .76 | 18.4 | ||||
| Return on average stockholders' investment | 33.1 | % | 32.4 | % | 2.3 | ||||
| Diluted weighted average number of common shares outstanding (in thousands) |
172,733 | 174,040 | (.8 | ) | |||||
| Long-term debt | — | — | — | ||||||
| Number of branches, end of year | 228 | 218 | 4.6 | ||||||
| Number of employees, end of year | 7,961 | 7,332 | 8.6 | ||||||
| Average gross profits per employee(1) | $ | 178 | $ | 177 | .6 | ||||
(1) Management uses gross profits per employee as a key performance indicator to analyze our productivity benchmark the financial erformance of our branches, and analyze impacts of technology and other nvestments in our business
(2) Compounded annual growth rate (CAGR). We do not anticipate our annual performance in 2009 will match our 5-year CAGR
(3) On October 14 2005 the company's shareholders approved a 2-for-1 stock split. All share and per share amounts have been restated to reflect the retroactive effect of the split.
2008 Gross Profits
C.H. Robinson is one of the largest third party logistics companies in the world, and is a global provider of multimodal (truck, air, ocean, and rail) transportation services. As a non-asset based transportation provider, we can be unbiased in selecting optimal logistics solutions for our customers.
Competitive Advantages
- 228 offices-North America, Europe, Asia, South America, and the Middle East
- 7.3 million shipments in 2008*
- Flexibility of non-asset based model
- Local knowledge with international capability
- 50,000 carrier relationships
- 32,000 customer relationships
- Complete multimodal capability
- Value added logistics services
Major Customer Segments
- Food and beverage
- Manufacturing
- Retail
- Paper
- Printed materials
When C.H. Robinson began in 1905, our primary business was selling fresh produce. Today we continue to add value by procuring and marketing fresh produce for retailers, wholesalers, and foodservice operators and distributors. We also provide category management, inventory management, and business analysis services.
Competitive Advantages
- Supply chain services
- Branded products
- Global sourcing and infrastructure
- Category management and point-of-sale analysis
- Inventory management
- Quality assurance and monitoring programs
Major Customer Segments
- Retail grocers
- Restaurant chains
- Produce wholesalers
- Foodservice distributors
C.H.Robinson's information services subsidiary, T-Chek Systems, provides motor carriers with a full range of fuel purchase and technology services, ncluding the T-Card® and online information related to fuel purchasing, fuel tax and log audit processing, permits, and driver funds transfer. T-Chek also provides private label processing for fuel distributor networks.
Competitive Advantages
- Industry-leading technology
- Emphasis on flexibility
- Company focus on transportation
Major Customer Segments
- Truckload carriers
- Less-than-truckload carriers
- Private fleets
*Includes transportation management business
