Key Developments For Landstar System Inc
Landstar System Inc (LSTR.O) (Nasdaq)
Landstar System, Inc. Comments On Q4 2009 Revenue Outlook; Issues Q4 2009 EPS Outlook In Line With Analysts' Estimates
Landstar System, Inc. announced that it anticipates fourth quarter 2009 revenue to be similar to third quarter 2009 revenue and diluted earnings per share (EPS) to be within a range of $0.37 to $0.42. The Company reported revenue of $500.7 million in the third quarter of 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.39 on revenue of $508 million for the fourth quarter of 2009.
Landstar System, Inc. Reaffirms Q3 2009 EPS Guidance-Conference Call
Landstar System, Inc. reaffirmed third quarter of 2009 earnings guidance and expects earnings per share (EPS) of $0.35-$0.40. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.39 for the third quarter 2009.
Landstar System, Inc. Comments On Q3 2009 Revenue Guidance; Issues Q3 2009 EPS Guidance Below Analysts' Estimates-Conference Call
Landstar System, Inc. announced that it does not anticipate any revenue or earnings contribution related to bus evacuation services in fiscal 2009. Excluding bus evacuation revenue, the Company anticipates third quarter 2009 revenue over the third quarter 2008 revenue to be slightly less of a decline compared to the second quarter 2009 versus the second quarter 2008. The Company currently anticipates diluted earnings per share (EPS) for the third quarter 2009 to be in the range of $0.35 to $0.40 per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $525.52 million and EPS of $0.42 for the third quarter 2009.
Landstar System, Inc. Increases Dividend
Landstar System, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.045 per share. This represents a 13% increase in the Company's quarterly dividend. The dividend is payable on August 28, 2009 to stockholders of record at the close of business on August 10, 2009.
Landstar System, Inc. Announces Acquisition Of Two Supply Chain Transportation Integration Companies
Landstar System, Inc. announced the acquisition of two supply chain transportation integration companies, Premier Logistics, Inc. (Premier) and A3 Integration LLC (A3i). Premier provides dynamic freight management services for customers through its proprietary Web-based software. A3i, based in Ann Arbor, Michigan, will provide customers with Web-based transportation and supply chain management technologies to optimize the complete order-to-cash process. Both companies will operate as separate subsidiaries of Landstar Supply Chain Solutions, Inc., a newly formed Landstar company to be headed by Landstar Global Logistics, Inc. President, Jim Handoush.
