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. (NASDAQ: LSTR) is a technology-enabled, asset-light provider of integrated transportation management solutions in the transportation and warehousing sector. This news page aggregates company announcements, earnings releases and other disclosures so readers can follow developments affecting LSTR stock and Landstar’s freight transportation operations.
According to its public statements, Landstar delivers safe, specialized transportation services through a network of independent agents, third-party capacity providers and employees. News coverage frequently includes quarterly and annual financial results, where the company reports revenue across truckload transportation hauled via van and unsided/platform equipment, other truck transportation largely related to power-only services, and freight moved by rail, air and ocean cargo carriers. These releases often highlight trends in variable contribution, operating income and earnings per share, along with commentary on the freight environment and shipment volumes.
Investors and industry followers can also use this page to track Landstar’s capital allocation actions, such as share repurchases, regular quarterly dividends and special dividends, as disclosed in company announcements. Governance and strategic updates appear here as well, including changes to the Board of Directors, outcomes of strategic reviews, decisions regarding transportation management systems, and information about subsidiaries such as Landstar Metro in Mexico.
Because Landstar emphasizes safety, quality and environmental standards, news items may discuss insurance and claims experience, legal matters related to accidents, and certifications to ISO 9001:2015 and RC14001:2015 standards. Earnings call scheduling announcements and related webcast details are also commonly reported. For a consolidated view of these developments, readers can return to this page to review the latest Landstar System, Inc. news and historical updates related to LSTR.
Landstar System reported record revenue of $1.816 billion in Q3 2022, a 5% increase from Q3 2021, with diluted earnings per share (DEPS) rising 7% to $2.76. Gross profit fell 2% to $185.7 million, but variable contribution reached a record $245.7 million, up 1%. The company returned $73.3 million in stock buybacks and declared a quarterly dividend of $0.30 per share. However, Landstar anticipates a 2-4% decrease in truck loads for Q4 due to economic uncertainty and expects DEPS to drop to between $2.60 and $2.70.
Landstar System, Inc. (NASDAQ:LSTR) will release its third quarter 2022 results on October 19, 2022, after market close. A conference call for analysts will occur on October 20 at 8:00 a.m. ET to discuss the results and future outlook. The company, recognized for its asset-light transportation management solutions, ensures high-quality services certified under ISO and RC management standards. Investors can access the webcast via the official investor website or listen to a replay for 48 hours post-call.
Landstar System, Inc. (NASDAQ:LSTR) will participate in the Deutsche Bank 2022 Transportation Conference, hosting a fireside chat on August 16 at 9:00 a.m. ET. The discussion will be available for live streaming on Landstar's investor website and can be accessed until August 24. Landstar, headquartered in Jacksonville, Florida, specializes in technology-enabled transportation management solutions and adheres to stringent quality and safety standards.
Landstar System, Inc. (NASDAQ: LSTR) reported record revenue of $1.975 billion for Q2 2022, marking a 26% increase from Q2 2021. Net income rose to $112.6 million with diluted earnings per share (DEPS) of $3.05, up 27%. Gross profit reached $208.1 million, a 19% increase. The company returned significant capital to shareholders, buying back 703,000 shares for $103.3 million. A quarterly dividend of $0.30 per share was also declared, reflecting a 20% increase. However, concerns over economic conditions and higher insurance costs were noted.
Landstar System, Inc. (NASDAQ: LSTR) reported a strong performance for Q2 2022, with revenue reaching $1.975 billion, a 26% increase from $1.571 billion in Q2 2021. Net income rose 22% to $112.6 million, and diluted earnings per share (DEPS) increased 27% to $3.05, both new records for the quarter. Gross profit also set a record at $208.1 million, a 19% increase year-over-year. The company continued to engage in stock repurchases and announced a 20% increase in its quarterly dividend to $0.30 per share. Revenue for Q3 is estimated to be between $1.80 billion and $1.85 billion.
Landstar System, Inc. (NASDAQ:LSTR) announced its plans to release the 2022 second quarter results on July 20, 2022, after market closure. A conference call will follow on July 21, 2022, at 8:00 a.m. ET for analysts and investors to discuss the results and offer insights into the company's current outlook. The call will be accessible via webcast or telephone replay, ensuring broad accessibility for interested parties. Landstar is a technology-driven, asset-light provider of integrated transportation management solutions, certified to high-quality management system standards.
Landstar System, Inc. (NASDAQ: LSTR) has been named to the Fortune 500 for the first time, debuting at number 491 with a record revenue of approximately $6.5 billion for fiscal year 2021. This achievement highlights Landstar's entrepreneurial business model and the strength of its independent agent network. Since its IPO in 1993, the company has seen over 500% growth in annual revenue and a compound annual growth rate of 17% in total shareholder return as of May 2022. The Fortune 500 list ranks the largest U.S. companies by revenue.
Landstar reported record quarterly revenue of $1.971 billion for Q1 2022, marking a 53% increase from Q1 2021. Net income was $124.8 million, a 62% rise, and diluted earnings per share (DEPS) reached $3.34, up 66%. Gross profit also set a record at $214.6 million. Truck transportation revenue accounted for 89% of total revenue, with significant gains noted across various transportation segments. The company plans a dividend of $0.25 per share, and anticipates Q2 revenue between $2.0 billion and $2.05 billion.
Landstar System, Inc. (NASDAQ:LSTR) will release its 2022 first quarter results on April 20, 2022, after market close. A conference call will follow on April 21, 2022, at 8:00 a.m. ET to discuss results and the outlook. Interested parties can access the webcast via the investor relations website. For those unable to attend live, a telephone replay will be available for 48 hours. Landstar is recognized as an asset-light provider of integrated transportation management solutions, ensuring safety and quality through ISO certifications.
Landstar System, Inc. (NASDAQ:LSTR) has appointed James L. Liang and Teresa L. White to its Board of Directors. Liang, with over 30 years in investment banking and corporate strategy, founded Hope Street Advisers and served at Amdocs and IBM. White, a 20-year Aflac veteran and current President of Aflac U.S., brings extensive experience in operations and sales. The additions aim to enhance the Board's capabilities amid Landstar's growth and digital expansion initiatives. Landstar's Chairman expressed confidence in the new members' expertise benefiting the company and its network.
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