C.H. Robinson Completes Acquisition of Prime Distribution Services
C.H. Robinson Worldwide, Inc. (CHRW)
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson (Nasdaq: CHRW) today announced that it has finalized the acquisition of Prime Distribution Services (“Prime”), a leading provider of retail consolidation and value-added warehouse services in North America, from Roadrunner Transportation (NYSE: RRTS) for $225 million. The acquisition expands C.H. Robinson’s retail consolidation business and brings additional scale, capabilities and expertise to the company’s portfolio. C.H. Robinson financed the acquisition and related fees and expenses with cash on hand and funds drawn from C.H. Robinson’s existing credit facilities. The company expects the transaction to be slightly accretive to earnings in 2020.“We are excited about the combination of Prime and C.H. Robinson,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson. “We welcome our new colleagues at Prime to the team, and we look forward to the work we will do together to provide excellent service to our combined set of custome
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News
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) had its price target raised by analysts at BMO Capital Markets from $80.00 to $85.00. They now have a "market perform" rating on the stock.MarketBeat
- C.H. Robinson (CHRW) Q1 Earnings & Revenues Beat, Down Y/Y [Yahoo! Finance]Yahoo! Finance
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) had its price target raised by analysts at JPMorgan Chase & Co. from $70.00 to $76.00. They now have an "underweight" rating on the stock.MarketBeat
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) had its price target raised by analysts at Barclays PLC from $65.00 to $70.00. They now have an "underweight" rating on the stock.MarketBeat
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) had its price target raised by analysts at Susquehanna from $80.00 to $85.00. They now have a "neutral" rating on the stock.MarketBeat
CHRW
Earnings
- 5/1/24 - Beat
CHRW
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form S-3ASR
- CHRW's page on the SEC website