Landstar System

Landstar System, Inc. engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage. The Insurance segment includes risk and claims management services. The company was founded in January 1991 and is headquartered in Jacksonville, FL.

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Earnings data Q4 2024

Landstar System reports record 2022 results, eyes tech investments

Landstar System's 2022 performance was strong, with record revenue and EPS. Challenges in Q4 included lower truck revenue and softer freight environment expected in Q1 2023. The company is investing in technology and focusing on growth opportunities.

Landstar System navigates challenges in Q1 2023, eyes growth opportunities

Landstar System faced a tough Q1 2023 with lower truckload volume and revenue, but its diversified business model and variable compensation programs provide stability. Challenges include lower total loadings and revenue in non-truck services.

Landstar System meets Q2 revenue targets amidst soft demand

Landstar System navigated Q2 2023 with revenue meeting high-end guidance despite soft demand and lower truck volumes.
Challenges include persisting soft demand, potential headwinds in 2024, and a lag in reacting to market changes.
Strengths lie in improving BCO utilization, consistent tech investments, and a focus on long-term capital allocation strategy.
Opportunities include returning to 70% growth of variable contribution by 2025 and potential upturns in late 2023 or early 2024.

Landstar surpasses revenue expectations in Q3 despite operational challenges

Landstar's Q3 2023 performance showed revenue growth exceeding 2019 levels, but challenges persist in truck and other service revenues.
Despite revenue declines in certain segments, Landstar's variable cost model and strategic investments position the company for long-term success.
Operational challenges from lower truckload volumes and external factors require strategic adaptation, but opportunities for growth and efficiency enhancements exist.
Maintaining a focus on operational efficiency, digital innovation, and talent development will be crucial for Landstar to navigate current challenges and seize future opportunities.

Landstar Q4 2023: Revenue Growth Amidst Challenges, Pricing Strategies Key

Landstar's Q4 2023 performance showed revenue growth from 2019 but faced challenges in truck revenue and load volume.
The company's strengths lie in its resilient business model, commitment to revenue splits, and proactive cost management.
Challenges include soft demand, inflationary pressures, and market dynamics, while opportunities exist in pricing strategies and operational enhancements.
To navigate these dynamics, Landstar must adapt to industry changes, monitor cost structures, and capitalize on market trends for sustained growth.

Landstar System exceeds Q1 expectations, eyes growth in cross-border

Landstar System's Q1 2024 earnings call highlighted strong performance, operational resilience, strategic investments in growth areas, and a positive outlook for the upcoming quarter. Challenges include managing revenue declines in certain segments and optimizing cost structures. The company's focus on technology and fleet modernization underscores its commitment to long-term success.

Landstar System focuses on growth initiatives amidst revenue challenges

Landstar System's Q2 2024 earnings call highlighted strategic growth initiatives, share repurchases, and dividend increase amidst challenges of lower truckload volumes and revenue impact from soft demand. The company remains cautiously optimistic about the freight environment and sees opportunities in service quality, cost management, and growth initiatives.

Landstar System faces freight challenges but invests in technology

Landstar System navigated a challenging Q3 2024 with a soft freight environment impacting load volumes and revenue per truckload. Despite this, the company improved accident frequency index and reported revenue per truckload slightly above the prior year.
The focus on technology and continuous improvement has increased efficiency for agents and BCOs, while investments in fleet refreshment and buybacks demonstrate a commitment to long-term growth. Landstar remains optimistic about the future, leveraging its resilient variable cost business model.
While facing challenges such as a decline in gross profit margin and operating income, Landstar's strengths lie in its adaptability, cost advantages for BCOs, and strategic initiatives. Opportunities for growth include enhancing freight matching capabilities and integrating smaller providers.

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Strong segmental performances aid Landstar's (LSTR) Q4 results.

Landstar's (LSTR) Q4 Earnings & Revenues Beat, Rise Y/Y

Landstar System, Inc. (LSTR) CEO Jim Gattoni on Q4 2021 Results - Earnings Call Transcript

After logging the highest sequential improvement in truck volumes from the third to fourth quarters in company history, freight broker Landstar System said normal seasonality still hasn't kicked in as there has been no letup in demand so far in January. The Jacksonville, Florida-based company reported fourth-quarter earnings per share of $2.99 Wednesday after the market closed.

Another quarter, another record at Landstar

Landstar (LSTR) delivered earnings and revenue surprises of 4.91% and 4.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Landstar System (LSTR) Tops Q4 Earnings and Revenue Estimates

JACKSONVILLE, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over revenue of $1.296 billion in the 2020 fourth quarter. The Company also reported net income of $113.3 million, or diluted earnings per share (“DEPS”) of $2.99, in the 2021 fourth quarter compared to net income in the 2020 fourth quarter of $65.1 million, or DEPS of $1.70. It should be noted that DEPS in the 2020 fourth quarter included a one-time charge of $15.5 million, or $0.31 per diluted share, related to buyouts of certain incentive commission arrangements with several Landstar independent sales agents. Operating income grew to an all-time quarterly record of $148.7 million in the 2021 fourth quarter, compared to operating income of $84.4 million in the 2020 fourth quarter. To put the strength of our 2021 fourth quarter performance into perspective, revenue, operating income, net income and DEPS increased 50 percent, 76 percent, 74 percent and 76 percent, respectively, over the 2020 fourth quarter, which at the time represented the highest amounts achieved for each of these financial metrics in any quarter in the Company's history.

Landstar System Achieves Record-Breaking Annual Performance in 2021 With Record Diluted Earnings Per Share Of $2.99 in the 2021 Fourth Quarter

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Landstar (LSTR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Landstar (LSTR) Ahead of Earnings?

Landstar (LSTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Landstar System (LSTR) Earnings Expected to Grow: Should You Buy?

Landstar (LSTR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Landstar (LSTR) is Poised to Beat Earnings Estimates Again

JACKSONVILLE, Fla., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today it will release its 2021 fourth quarter results after the market closes on Wednesday, January 26, 2022. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, January 27, 2022 at 8:00 a.m. ET to discuss the fourth quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2021 Earnings Release Conference Call."

Landstar to Release Fourth Quarter Results on Wednesday, January 26, 2022

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Wolfe Research analyst Scott Group downgraded the trucking sector to Underweight from Market Weight and adjusted the ratings for several related stocks. Group says while supply chains remain under "significant stress with few signs of improvement," inventory levels are finally starting to improve.

Wolfe Research Downgrades Trucking Sector To Underweight; Adjusts Ratings For Related Stocks

Landstar (LSTR) is thriving on the back of strong freight market conditions. The company's measures to reward its shareholders are encouraging.

Here's Why You Should Grab the Landstar (LSTR) Stock Now

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Trucking rates are expected to continue increasing, in turn boosting the top lines of companies like Old Dominion (ODFL), J.B. Hunt (JBHT), Landstar (LSTR) and ArcBest (ARCB).

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After bolstering its share buyback program, Landstar (LSTR) is authorized to purchase 3,000,000 shares.

Landstar (LSTR) Boosts Buyback, Announces Special Dividend

Landstar's (LSTR) management is expected to raise fourth-quarter earnings & revenue view at the Stephens 2021 Annual Investment Conference due to improved truck load volume trends.

Landstar (LSTR) Raises Q4 Earnings & Revenue View, Stock Up

Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?

Landstar (LSTR) Up 0.4% Since Last Earnings Report: Can It Continue?

Landstar (LSTR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Landstar (LSTR) Upgraded to Strong Buy: Here's What You Should Know

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Landstar System (LSTR) is a Top-Ranked Momentum Stock: Should You Buy?

Upbeat revenues from all segments aid Landstar's (LSTR) Q3 results.

Landstar's (LSTR) Q3 Earnings & Revenues Beat, Rise Y/Y

Landstar System, Inc. (LSTR) CEO Jim Gattoni on Q3 2021 Results - Earnings Call Transcript

Landstar (LSTR) delivered earnings and revenue surprises of 3.20% and 2.30%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Landstar System (LSTR) Tops Q3 Earnings and Revenue Estimates

JACKSONVILLE, Fla., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.734 billion in the 2021 third quarter, a 60 percent increase over revenue of $1.086 billion in the 2020 third quarter. Net income was a quarterly record of $98.7 million, or diluted earnings per share of $2.58, in the 2021 third quarter compared to net income of $61.9 million, or diluted earnings per share of $1.61, in the 2020 third quarter. Operating income grew to an all-time quarterly record of $131.4 million in the 2021 third quarter, 60 percent above operating income of $82.4 million in the 2020 third quarter. To put the strength of our 2021 third quarter performance in perspective, revenue, operating income, net income and diluted earnings per share increased 60 percent, 60 percent, 59 percent and 60 percent, respectively, over the 2020 third quarter, which at the time included the second highest amounts achieved of each of these financial metrics in any third quarter in the Company's history.

Landstar System Reports All-Time Quarterly Record Diluted Earnings Per Share Of $2.58 in the 2021 Third Quarter

Landstar (LSTR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Growth Investors Will Love Landstar (LSTR)

Landstar System(NASDAQ:LSTR) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

News for Landstar System Stock (LSTR)