Welcome to our dedicated page for Landstar Sys news (Ticker: LSTR), a resource for investors and traders seeking the latest updates and insights on Landstar Sys stock.
Landstar System, Inc. (LSTR) operates a capital-efficient logistics network specializing in asset-light transportation solutions through its independent agent network. This page provides investors and industry professionals with timely access to official press releases, earnings reports, and strategic updates directly from the company.
Discover comprehensive coverage of Landstar's domestic truck brokerage developments, intermodal expansion initiatives, and supply chain innovations. Our curated collection includes critical updates such as operational milestones, leadership announcements, and regulatory filings – all essential for understanding the company's position in the competitive third-party logistics sector.
Key content categories include quarterly financial results, partnership agreements with capacity providers, safety program enhancements, and technology investments supporting its decentralized model. Bookmark this page to efficiently monitor how Landstar's unique agent-based structure adapts to evolving freight demands and market conditions.
Landstar System (NASDAQ: LSTR) reported Q2 2024 earnings with revenue of $1.225 billion and EPS of $1.48. The company saw a 5% sequential revenue growth, breaking a streak of seven quarters of declines. Landstar's board declared a quarterly dividend of $0.36 per share, a 9% increase from previous quarters. The company continued its stock repurchase program, buying back 316,000 shares for $57.0 million. Truck transportation accounted for 90% of revenue at $1.106 billion. Despite challenging market conditions, Landstar maintained a strong balance sheet with $504 million in cash and short-term investments. The company's trailing twelve-month return on average shareholders' equity was 22%, and return on invested capital was 20%.
Landstar System, Inc. (NASDAQ:LSTR), a transportation and logistics services provider, has announced the release date for its 2024 second quarter results. The company will disclose its financial performance after the market closes on Tuesday, July 30, 2024. Following the release, Landstar will host a quarterly conference call with analysts and investors at 5:00 p.m. ET to discuss the results and provide insights into the current outlook.
Interested parties can access the webcast through the investor relations section of Landstar's website. For those unable to participate in the live call or without internet access, a telephone replay will be available for 48 hours. The replay numbers are (800) 819-5743 for U.S. and Canada, and (203) 369-3828 for international calls.
Landstar System, Inc. (NASDAQ:LSTR) will participate in the Bank of America 2024 Annual Investment Conference with a 'fireside chat' discussion at 10:20 a.m. ET on Tuesday, May 14. The webcast will be accessible on Landstar's website until May 22.
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