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Landstar System Inc (LSTR.OQ)

LSTR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Landstar System Sees Revenue For 2018 Q1 To Be In A Range Of $1.03 Bln To $1.05 Bln ​
Tuesday, 3 Apr 2018 08:46am EDT 

April 3 (Reuters) - Landstar System Inc ::ANTICIPATE REVENUE FOR 2018 Q1 TO BE IN A RANGE OF $1.03 BLN TO $1.05 BLN - SEC FILING ​​.ANTICIPATE 2018 Q1 DILUTED EARNINGS PER SHARE TO BE IN A RANGE OF $1.35 TO $1.40 PER SHARE.‍EXPECT INSURANCE, CLAIMS COSTS TO BE ELEVATED IN 2018 Q1 ON INCREASED SEVERITY OF ACCIDENTS , UNFAVORABLE DEVELOPMENT OF PRIOR YEAR CLAIMS​.Q1 EARNINGS PER SHARE VIEW $1.24, REVENUE VIEW $962.5 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Landstar System Reports Q4 Earnings Per Share $1.54
Wednesday, 31 Jan 2018 04:15pm EST 

Jan 31 (Reuters) - Landstar System Inc ::LANDSTAR SYSTEM REPORTS RECORD QUARTERLY REVENUE OF $1.052 BILLION, RECORD QUARTERLY DILUTED EARNINGS PER SHARE AND AN INCREASED QUARTERLY DIVIDEND.Q4 EARNINGS PER SHARE $1.54.Q4 REVENUE $1.052 BILLION VERSUS I/B/E/S VIEW $1 BILLION.Q4 EARNINGS PER SHARE VIEW $1.01 -- THOMSON REUTERS I/B/E/S.EXCLUDING IMPACT OF REVALUATION OF DEFERRED TAX LIABILITIES, CO'S 2017 Q4 NET INCOME WAS $45.2 MILLION AND DILUTED EPS WAS $1.08.LANDSTAR SYSTEM - INCLUDED IN NET INCOME IN 2017 Q4 ARE ONE-TIME TAX BENEFITS OF ABOUT $19.5 MILLION, OR $0.46 PER DILUTED SHARE.THE NUMBER OF LOADS HAULED VIA TRUCK IN 2017 FOURTH QUARTER INCREASED 3 PERCENT OVER 2016 FOURTH QUARTER.EXPECT REVENUE PER LOAD ON LOADS HAULED VIA TRUCK IN 2018 Q1 TO INCREASE IN A MID-TEEN PERCENTAGE RANGE OVER 2017 Q1.THE PRICING ENVIRONMENT FOR TRUCKLOAD SERVICES WAS "STRONG" THROUGHOUT THE 2017 FOURTH QUARTER.SEES REVENUE FOR 2018 Q1 TO BE IN A RANGE OF $925 MILLION TO $975 MILLION.LANDSTAR SYSTEM - SEES 2018 Q1 DILUTED EARNINGS PER SHARE TO BE IN A RANGE OF $1.22 TO $1.27 PER SHARE.Q1 EARNINGS PER SHARE VIEW $1.04, REVENUE VIEW $898.5 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Landstar System board authorizes Co to buy about 2 mln additional shares of its common stock - SEC Filing
Wednesday, 13 Dec 2017 04:53pm EST 

Dec 13 (Reuters) - Landstar System Inc ::LANDSTAR SYSTEM-ON DEC 11,BOARD AUTHORIZED CO TO BUY UP TO ABOUT 2 MILLION ADDITIONAL SHARES OF ITS COMMON STOCK, PAR VALUE $0.01 PER SHARE - SEC FILING.  Full Article

Landstar Announces Increase To Stock Purchase Program
Wednesday, 13 Dec 2017 04:36pm EST 

Dec 13 (Reuters) - Landstar System Inc ::LANDSTAR ANNOUNCES INCREASE TO STOCK PURCHASE PROGRAM AND SPECIAL DIVIDEND.LANDSTAR SYSTEM INC - BOARD HAS DECLARED A SPECIAL ONE-TIME CASH DIVIDEND IN AMOUNT OF $1.50 PER SHARE.LANDSTAR SYSTEM INC - INCREASED NUMBER OF SHARES OF ITS COMMON STOCK AUTHORIZED TO PURCHASE TO 3 MILLION.  Full Article

Landstar System reports qtrly earnings per share of $1.01 from continuing operations
Wednesday, 25 Oct 2017 04:15pm EDT 

Oct 25 (Reuters) - Landstar System Inc : :Landstar System reports record quarterly revenue of $943 million and record quarterly diluted earnings per share from continuing operations of $1.01.Quarterly earnings per share $1.01 from continuing operations.Quarterly revenue rose 20 percent to $943 million.Landstar System Inc says ‍number of loads hauled via truck in 2017 q3 increased 13 percent over 2016 q3​.Says qtrly diluted earnings per share of $0.86 ‍​.Landstar System Inc says ‍revenue per load on loads hauled via truck was 6 percent higher in 2017 q3 compared to 2016 q3​.Landstar System Inc says ‍announced today that its board of directors has declared a quarterly dividend of $0.10 per share payable on december 8, 2017​.Expect diluted earnings per share to be in a range of $0.98 to $1.03 in the 2017 fourth quarter‍​.Landstar System Inc says ‍anticipate 2017 q4 revenue to be in a range of $975 million to $1.025 billion​.Landstar System -‍anticipate number of loads hauled via truck in 2017 q4 to be above 2016 q4 in a high single digit to low double digit percentage range​.Expect q4 revenue per load on loads hauled via truck to exceed the prior year q4 in a low double digit percentage range.  Full Article

Landstar System Inc reports Q2 earnings per share $0.89
Wednesday, 26 Jul 2017 04:15pm EDT 

July 26 (Reuters) - Landstar System Inc :Reports Q2 earnings per share $0.89.Reports Q2 revenue of $870 million, up 12 percent.Landstar system reports diluted earnings per share of $0.89 on record second quarter revenue of $870 million.Q2 earnings per share $0.89.Sees Q3 2017 earnings per share $0.88 to $0.93.Q2 earnings per share view $0.89 -- Thomson Reuters I/B/E/S.Landstar system inc- ‍revenue per load on loads hauled via truck was 3 percent higher in 2017 q2 compared to 2016 q2​.Landstar system inc - ‍board of directors has declared a quarterly dividend of $0.10 per share​.Landstar system inc - expect 2017 q3 revenue to be similar to company's 2017 q2 revenue.Landstar system inc- ‍"pricing environment for our truckload services continued to show slow improvement in 2017 q2"​.Q3 earnings per share view $0.91, revenue view $860.7 million -- Thomson Reuters I/B/E/S.Landstar system inc - ‍through first few weeks of july, we have experienced normal seasonal uptick in revenue per load on loads hauled via truck​.Landstar system reports diluted earnings per share of $0.89 on record second quarter revenue of $870 million.  Full Article

Landstar System reports Q1 diluted earnings per share of $0.77
Wednesday, 26 Apr 2017 04:15pm EDT 

April 26 (Reuters) - Landstar System Inc :Landstar System reports record first quarter revenue of $781 million and record first quarter diluted earnings per share of $0.77.Sees Q2 2017 earnings per share $0.84 to $0.89.Q1 earnings per share $0.77.Sees Q2 2017 revenue $820 million to $870 million.Q1 revenue $781 million.Landstar System Inc - number of loads hauled via truck in 2017 Q1 increased 10 percent over 2016 q1.Expect 2017 Q2 truck revenue per load to be higher than 2016 Q2 in a low single digit percentage range.Landstar System Inc - revenue per load on loads hauled via truck was 1 percent higher in 2017 Q1 compared to 2016 Q1.Expect number of loads hauled via truck in 2017 q2 to increase in a mid to upper single digit range over 2016 Q2."Expectation is that pricing conditions for truck services in 2017 Q2 will continue to be soft".Landstar System Inc - anticipate 2017 Q2 diluted earnings per share to be in a range of $0.84 to $0.89 per share.Landstar system - sees pricing conditions for truck services in 2017 Q2 will continue to be soft with little change in level of available truck capacity.Q1 earnings per share view $0.74 -- Thomson Reuters I/B/E/S.Q1 revenue view $757.1 million -- Thomson Reuters I/B/E/S.  Full Article

Landstar System reports Q4 earnings per share $0.94
Wednesday, 1 Feb 2017 04:15pm EST 

Landstar System Inc - : Reports record quarterly revenue of $893 million and record quarterly diluted earnings per share from continuing operations of $0.94 . Q4 earnings per share $0.94 . Q4 revenue $893 million versus I/B/E/S view $830.2 million . Q4 earnings per share view $0.87 -- Thomson Reuters I/B/E/S . Sees Q1 2017 earnings per share $0.70 to $0.75 . Sees Q1 2017 revenue $725 million to $775 million . Says expect revenue per load on loads hauled via truck in 2017 Q1 to be equal to or slightly below 2016 q1 . Expect number of loads hauled via truck in 2017 Q1 to increase in a mid to high-single digit range over 2016 q1 . Q1 earnings per share view $0.73, revenue view $741.0 million -- Thomson Reuters I/B/E/S .Says expect number of loads hauled via truck in 2017 q1 to increase in a mid to high-single digit range over 2016 q1.  Full Article

Landstar System reports Q2 earnings per share of $0.76
Wednesday, 20 Jul 2016 04:15pm EDT 

Landstar System Inc : Landstar system reports second quarter revenue of $775 million and diluted earnings per share of $0.76 . Sees Q3 2016 earnings per share $0.79 to $0.84 . Q2 earnings per share $0.76 . Q2 revenue $775 million versus I/B/E/S view $787.9 million . Q2 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . "Landstar's truckload services continued to experience significant pricing pressure throughout 2016 Q2" . Number of loads hauled via truck in 2016 Q2 decreased 2 percent from 2015 Q2 . Revenue per load on loads hauled via truck was 9 percent lower in 2016 Q2 compared to 2015 Q2 . Had earlier provided Q2 revenue guidance of $770 million to $820 million . Had earlier provided Q2 EPS guidance of $0.80 to $0.85 .Board of directors has declared a quarterly dividend of $0.09 per share payable on August 26, 2016.  Full Article

BRIEF-Landstar System Q1 Earnings Per Share $1.37

* LANDSTAR SYSTEM REPORTS RECORD FIRST QUARTER REVENUE OF $1.048 BILLION AND RECORD FIRST QUARTER DILUTED EARNINGS PER SHARE OF $1.37