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, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion for Q4 2021, a 50% increase from Q4 2020. Net income rose to $113.3 million or $2.99 per diluted share, surpassing the previous year's $65.1 million and $1.70. Operating income also hit a record at $148.7 million, a 76% increase year-over-year. The company plans a $0.25 per share dividend on March 11, 2022. For Q1 2022, Landstar predicts revenue of $1.70 to $1.75 billion and EPS of $2.70 to $2.80, driven by ongoing demand for freight services.
Landstar System, Inc. (NASDAQ:LSTR) is set to release its 2021 fourth quarter results on January 26, 2022, after market close. A conference call to discuss the results is scheduled for January 27, 2022, at 8:00 a.m. ET. Investors can access the call via webcast on Landstar's investor relations page or through a telephone replay available for 48 hours. Landstar is a technology-enabled, asset-light provider of integrated transportation management solutions, ensuring safe services through a network of agents and capacity providers.
Landstar System (NASDAQ-LSTR) announced an increase in its stock purchase program to 3 million shares, with a new authorization of 1,912,824 shares. Additionally, a special one-time cash dividend of $2.00 per share has been declared, payable on January 21, 2022, to shareholders of record as of January 7, 2022. The company's strong balance sheet, with $267.2 million in cash and short-term investments as of September 25, 2021, supports this decision. Landstar plans to utilize free cash flow for stock purchases.
Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.734 billion for Q3 2021, marking a 60% increase from Q3 2020's $1.086 billion. Net income also reached a record $98.7 million, with diluted EPS at $2.58, compared to $61.9 million and $1.61 respectively from the previous year. Operating income grew to $131.4 million, up 60% year-over-year. The company anticipates continued strong performance in Q4, projecting revenue between $1.70 billion and $1.75 billion.
Landstar System, Inc. (NASDAQ:LSTR) announced that it will release its third quarter 2021 financial results on October 20, 2021, after market close. The following day, on October 21, 2021, at 8:00 a.m. ET, the company will host a conference call to discuss the results and outlook. Interested parties can access the webcast on their investor site. For those unable to attend, a telephone replay will be available for 48 hours. Landstar is recognized for providing asset-light integrated transportation management solutions.
Landstar System, Inc. (LSTR) achieved record net income of $92.3 million, or $2.40 per diluted share, in Q2 2021, with total revenue of $1.571 billion. This marks a significant increase from $24.3 million in net income on $824 million revenue in Q2 2020. Gross profit also hit a record at $220.8 million. Compared to Q1 2021, revenue rose by $283 million, with truckload revenue constituting 92% of total revenue. A quarterly dividend of $0.25 per share was declared, marking a 19% increase. Expectations for Q3 2021 forecast continued strong performance with revenue projected between $1.55 billion to $1.60 billion.
Landstar System, Inc. (NASDAQ:LSTR) announced it will release its 2021 second quarter results on July 21, 2021, after market close. A conference call for analysts and investors is scheduled for July 22, 2021, at 8:00 a.m. ET to discuss the results and outlook. The call will be accessible via webcast and a telephone replay will be available for 48 hours post-call. Landstar is recognized for providing asset-light integrated transportation management solutions, ensuring safety and specialization through a vast network of agents and capacity providers.
Landstar System, Inc. (NASDAQ:LSTR) will participate in the KeyBanc Capital Markets' Virtual Industrials & Basic Materials Conference. The fireside chat is scheduled for June 1 at 11:20 a.m. ET, and will be streamed live on the company's investor relations website. The presentation will remain accessible until June 8. Landstar specializes in integrated transportation management solutions and operates with an asset-light model, ensuring safe and specialized services through a vast network. The company is ISO certified for quality management and environmental safety.
Landstar System, Inc. (NASDAQ:LSTR) has appointed Fred Pensotti as Chief Financial Officer, effective immediately. Pensotti brings over 20 years of experience in financial leadership roles across various industries, including his previous position as CFO of One Call, a healthcare-related services company with $1.5 billion in revenue. Landstar's CEO, Jim Gattoni, highlighted Pensotti's proven success in enhancing operational performance and driving shareholder value. Pensotti aims to work closely with stakeholders to build on the company's growth and innovation in the freight transportation sector.
Landstar System, Inc. (NASDAQ:LSTR) will participate in Oppenheimer’s 16th Annual Industrial Growth Conference on May 4, 2021, starting at 10:30 a.m. ET. The event will include a live 'fireside chat' broadcast available online at Landstar’s investor website. The presentation can be accessed through May 11, 2021. For further inquiries regarding the webcast, investors can contact Landstar’s Investor Relations at 904-390-1334 or via email.
Landstar is an asset-light provider of integrated transportation management solutions, certified in quality and safety management standards.
