Landstar Sys Inc Stock Price, News & Analysis

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.

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.